Then,you need to read this article first: http://surveyscenter.blogspot.com/2008/08/order-your-payoneer-prepaid-debit.html
I think you did the right thing to turn the name over. You can use any name as an individual, but a company can really only use their name. Kudos to you for being honest.
You should have held off longer if they wanted it that bad they might would have paid a lot or some more.