Risks Of Unverified Accounts
Using an unverified Payoneer account can be risky. It may lead to limited functionality and higher fraud risk. Understanding these risks can help you make an informed decision.
Limited Functionality
Unverified accounts often have limited features. You might face restrictions on the amount of money you can send or receive. This can be frustrating, especially for business transactions.
Here is a comparison of features between verified and unverified accounts:
Unverified accounts may not support all currencies. This limits your ability to conduct international transactions.
Higher Fraud Risk
Unverified accounts are more prone to fraud. They are attractive to scammers due to the lack of verification. This can put your money and personal information at risk.
Here are some common risks associated with unverified accounts:
- Identity Theft: Scammers can use your account for illegal activities.
- Unauthorized Transactions: Your money could be transferred without your consent.