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-   -   Tracing a wire. What to expect? (https://gfy.com/showthread.php?t=1164292)

Sid70 04-03-2015 04:44 PM

Tracing a wire. What to expect?
 
This is a Payoneer related case - their system accepts ACH but wires dont come through and should generally be returned to a sender.

But how does ti work in reality?

The $$ client sent are now in cyberspace. Payoneer says they cant do a thing, client says no money back.

What measures the client's bank could take to trace the wire?

TheSquealer 04-03-2015 05:09 PM

I think only the sender/senders bank can do a trace as far as i know.

Due 04-03-2015 05:18 PM

Ask your client for the swift message / receipt, then provide it to Payoneer.
Payoneer can trace the wire this way.
If the receiving bank suspect there is a problem with the wire ( it's fraud / illegal activities ) they could have sent a swift message back to the origin bank asking for clarification, the sending bank is probably just sitting on it until the sender contact them

Sid70 04-04-2015 12:08 AM

Contacted Payoneer online help, they simply refused to help. I have the confirmation but they said I'd have to bug the senders bank.

Markul 04-04-2015 01:56 AM

Bank that sends the wire is the "holder" of the transaction, they can trace it.

Sid70 04-04-2015 07:40 AM

Okay, seems like the client is the one who can do something to find out via the bank.

Barry-xlovecam 04-04-2015 10:34 AM

In all circumstance the sender (remitter - debtor) has to prove payment. They would have to initiate the trace with their bank. A intermediary bank will occasionally (rarely ) lose a wire.

Usually, unless you have done a lot of successful business with the remitter (sender), they are 99% full of shit. Maybe, it's in the very small percentage of wires that get lost ...

just a punk 04-04-2015 10:55 AM

Quote:

Originally Posted by Sid70 (Post 20438904)
Contacted Payoneer online help, they simply refused to help.

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Sid70 04-04-2015 11:34 AM

Rooski, don't bother, i don't read your shit.


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