Spadester, Payoneer and Identity Theft

A couple of weeks ago, Payoneer disputed my assertion that personal information is exchanged between Payoneer and Spadester. Their privacy policy stated there was no sharing.

However, Payoneer just now confirmed that information is shared. If you go to the Payoneer web site today, you will see that the privacy policy has been updated. They specifically mention that your social security number will be shared.

As is well-documented elsewhere, there is a booming criminal industry for selling ID information, in particular when the social security number is part of the information. In my very long history with Spadester, there were many requests (and sometimes even demands by Spadester) for ID information to be sent. The requests included requests for documents that were likely to contain your social security number. Now, Spadester is demanding that you obtain a Payoneer card. Please refer to my ealier posts in this blog.

I have no evidence that Spadester is selling your identity with social security number. You should ask yourself "Why does Spadester want this information?" and "Is the information likely to be safe?".