Payoneer is a regulated and licensed financial services company that follows strict security measures to protect its customers’ personal and financial information. Uploading a PAN card for account verification is a common practice and is considered safe if the information is shared with a trusted and secure platform like Payoneer.

However, it’s important to ensure that the website you are uploading your PAN card is secure and authentic. Before uploading your PAN card, you can verify the authenticity of the website by checking if it has a secure connection (https), if it has a valid SSL certificate, and if it has a privacy policy that protects your personal information.

Additionally, you can also check if the website is a legitimate service provider by reading customer reviews, checking its credentials, and contacting its customer support for verification.

In general, it’s important to be cautious and take appropriate security measures when sharing personal and financial information online to avoid the risk of identity theft and fraud.

What type of theft or fraud one can do using PAN Card

A Permanent Account Number (PAN) card is a unique identifier that is linked to a person’s financial transactions in India, and if the PAN card information is stolen or misused, it can result in several types of theft or fraud. Some of the common types of theft or fraud that can be committed using a PAN card include:

• Identity theft: Stealing someone’s PAN card information and using it to open bank accounts, apply for loans, or make financial transactions in their name.
• Tax fraud: Using a stolen PAN card to evade taxes or claim false tax refunds.
• Money laundering: Using a PAN card to move illegally obtained money through the financial system.
• Loan fraud: Using a stolen PAN card to apply for loans and not repay them.
• Card fraud: Using a PAN card to make unauthorized transactions on credit or debit cards linked to the PAN.

It’s important to take appropriate security measures to protect your PAN card information, such as keeping it in a safe place, avoiding sharing it with unauthorized persons, and regularly monitoring your financial transactions to detect any unauthorized activities. If you suspect that your PAN card information has been stolen or misused, you should immediately report it to the relevant authorities and take the necessary steps to protect your financial information.