Update 30 June Bangladesh time 6 pm Pioneer’s prepaid MasterCard and account funds now Accessing. However, Pioneer said they will use the service of a new card issuer in the future.

Old Post: Pioneer MasterCard, the popular medium for withdrawing money from online marketplaces and shopping online, has been temporarily discontinued. All Pioneer prepaid MasterCard has become obsolete indefinitely. This means that if you have a Pioneer MasterCard you can no longer use it. The MasterCard balance in your Pioneer account has also been temporarily frozen, meaning you will not be able to withdraw that amount for the time being.

Pioneer reports that they have temporarily frozen the account balances of MasterCard users and hope that you will be able to withdraw this money again in the future. However, at this time, you will not be able to withdraw the MasterCard balance in your Pioneer account indefinitely.

However, if you have any funds in your Pioneer account in excess of the prepaid MasterCard capacity, you can withdraw that amount from the Pioneer account now – not using the card but through a bank account linked to your Pioneer account.

What will happen to the balance in Pioneer? How to make money from Pioneer?

Simply put, if you have a dollar in your Pioneer MasterCard account, you will not be able to withdraw that dollar at this time. If you have a lot of dollars in your account which is actually more than the capacity of Pioneer MasterCard then you can withdraw that extra amount.

You can find out your card balance and account balance by logging in to your Pioneer account. If the account balance is more than the card balance then you can withdraw the excess amount through the bank. The maximum balance on a Pioneer card can be ১০ 10,000 or less (not sure). Ordinary users do not keep so much amount in Pioneer.

Why is Pioneer MasterCard closed?

Pioneer Headquartered in the United States, the company provides card issuing services to a UK-based company, CardCard Solutions Limited.

The original owner of the company, Wirecard Card Solutions Limited, is a German company called Wirecard AG.

Wirecard AG recently became embroiled in a financial scandal. About কোটি 200 million disappeared from the company’s account. Marcus Brown, CEO of Warcard AG, resigned, and was arrested in Germany. Within days, Wirecard AG was in the process of declaring itself bankrupt Starts.

The UK Financial Regulatory Authority (FCA) then suspended all card operations at Wirecard Solutions. Pioneer Reported, Since Pioneer’s prepaid MasterCard has been issued by this UK wirecard solutions, your Pioneer MasterCard will no longer work. You cannot make any transactions with it at this time. Also, you will not be able to use the money you brought to Pioneer with this MasterCard – until this legal issue is resolved.

Can money be received or received in Pioneer’s account?

Yes. Now you can withdraw money in your Pioneer account in a new way. To withdraw that new balance, you can withdraw your new balance from Pioneer by adding your own bank account with Pioneer.

Various online freelancing marketplaces such as Upwork, Fiber, Freelancer.com, 99 Designs, etc. offer Pioneer’s prepaid MasterCard service to its members. Now, after the wirecard incident, everyone has to think anew.