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The patent expressly guarantees the inventor “the right to exclude others from making, using, or selling” the idea for the twenty-year life of the patent. The patent holder can, if he chooses, issue licenses to others to make, use, or sell the idea. The license fees can bring in large sums of money. If anybody tries to market the patented product without obtaining a license, the inventor can go into federal court to get an injunction and money damages. Not a bad deal at all for the inventor. In exchange for those benefits, though, the patent holder has to reveal all the secrets of his success. The patent law says that an inventor must provide “a written description of the invention, and of the manner and process of making and using it, in . . . full, clear, concise and exact terms.” The inventor and his company might have expended a dozen years and a hundred million dollars perfecting the idea; once a patent is granted, anybody in the world can acquire the plans—full, clear, concise, and exact—from the Patent Office for $3. If, for example, John S. Pemberton had applied for a patent for the formula he whipped up in his backyard in Atlanta one day in the mid-1880s, the product that he invented—a soft drink that he named Coca-Cola—would have entered the public domain in 1903, when the patent expired. Anybody in the world would have been free from that day forward to brew and sell the drink without paying a penny to the Coca-Cola Company. But Pemberton kept his formula unpatented, and thus secret. Even without a patent, Coca-Cola has been able to defend its formula under a body of law known as trade secret protection, which makes it illegal to copy deliberately somebody else’s commercial idea.
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A verified PayPal account has been linked to a verified bank account or credit/debit card. This verification process adds an extra layer of security and trust, not only for the account holder but also for the individuals or businesses transacting with it.
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Article Image
Payoneer verification serves as a vital gateway for freelancers and businesses that handle millions in international transactions each day. The platform's verified accounts give users everything they need to manage global operations. Users get multi-currency support, faster payments, and lower fees.
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Payoneer verification serves as a vital gateway for freelancers and businesses that handle millions in international transactions each day. The platform's verified accounts give users everything they need to manage global operations. Users get multi-currency support, faster payments, and lower fees.
Many users now face unexpected obstacles in the verification process. The standard 2-5 business day timeline often stretches longer. Most concerning are the effects on eBay sellers and freelancers who depend on Fiverr and Upwork for their income. Strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations mean many users see their verification under review for weeks. This delays their payments and makes it hard to run their businesses well.
How Does Payoneer's New Verification System Work?
Payoneer asks users to submit several documents through their secure Verification Center platform. These documents prove identity, address, and business legitimacy. The company has made changes to its multi-step process, which now creates problems for account holders trying to get their funds.
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Users start their verification experience right after registering their account. They get an email asking for identity verification documents. The process happens in the Verification Center, which users can find in their Payoneer dashboard under Settings > Verification Center.
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National ID card
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Driver's license
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Utility bills (gas, water, electricity, internet) from the last three months
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Business accounts need extra documents based on their type:
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