Payoneer bank account and beneficiary names.
Hello everyone, I recently opened a Payoneer account in my personal name, and then added and verified my LLC as a beneficiary name as Wise blocked my company account. My question is: Is it legal to receive client payments under my LLC’s name using this Payoneer account, even though the account is officially registered under my personal name? Wouldn’t it be a problem for accountancy or tax compliance ? With Wise, I had two separate accounts — one personal and one for the LLC — each with its own beneficiary name and bank details. However, with Payoneer, the bank accounts are shared, and the beneficiary names are tied to the verified account holder. Thanks in advance for any insights!