Businesses choose Payoneer to make cross-border payments because it is the most reliable platform. Payoneer’s primary goal is to streamline global commerce to empower businesses to go above and beyond. Every day, millions of professionals rely on our platform to make their business payments more convenient.
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| Payoneer – Global Payments Platform for Businesses |
What is Payoneer?
With the help of Payoneer, businesses throughout the world can conduct international transactions as simply as they do domestic transactions. Payoneer makes it possible for businesses to conduct worldwide transactions as quickly, securely, and affordably as they do domestic transactions.
With the Payoneer platform, e-commerce merchants can receive payments from global digital marketplaces such as Amazon, Lazada, Airbnb, and hundreds of other sites. It’s easy for digital entrepreneurs and freelancers to get paid from freelance platforms like Fiverr and Upwork, as well as from their international clients, without having to deal with any paperwork at all.
We pay Payoneer employees in a variety of methods. If you sell on global markets or get money from overseas clients that use virtual currency accounts, you can effortlessly accept funds through your Payoneer account (USD, GBP, EUR, JPY, MDX, and more).
Once funds have been transferred to your Payoneer account, you can use them to make deposits into your local bank account, withdraw cash from ATMs throughout the world, make purchases online or offline, pay VAT, pay your suppliers and contractors, and even pay your Amazon advertising fees.
Creating a Payoneer account is straightforward; all you need to do is complete the simple registration process.
How is it possible to perform Transactions by using Payoneer?
You will receive payment from marketplaces, platforms, and customers.
Receiving money from clients and markets all over the world is possible. Payoneer receiving accounts allow you to receive payments in a variety of prominent foreign currencies, including the United States dollar, euro, pound sterling, Japanese yen, Canadian dollar, Australian dollar, and more. In over 150 countries and currencies, you can withdraw money from your Payoneer account to your local bank account. You can also use the Payoneer card to withdraw money from an ATM in any country.
Ensure that freelancers, service providers, vendors, and contracts get compensated:
Make worldwide business payments to over 200 countries without having to deal with the delays and hidden fees associated with wire transfers. The payment processor, Payoneer, is the preferred payment method for millions of freelancers and businesses throughout the world.
Keep track of your business payments at every stage of the process:
By logging onto your account, you can review prior incoming and outgoing payments, as well as your dashboard of balances in several currencies. Competitive conversion rates make it easier to manage currencies, so you can keep control of the currencies you own and pay your suppliers in the currency they prefer, all at the same time.
Take advantage of features that were created with sellers in mind:
Pay your VAT in various countries at the same time as receiving working capital offers for your Amazon and Walmart locations. Receive funds into your account immediately, allowing you to use them to expand your business in any way you see fit. Funds are then released gradually so that your cash flow is not restricted.
With Payoneer by your side, you can conduct business with confidence:
Through phone, email, Live Chat, and social media, our multilingual customer service team are available around the clock in more than 20 different languages. Making or receiving payment is easy with our help. We’re only a few clicks away if you need us.
What are the benefits of using the Payoneer app?
When used in conjunction with your web-based account, the Payoneer mobile app provides a picture of your business payments that you can carry with you wherever you go. This allows you to manage your worldwide payments while on the go.
If you have made it this far, we believe you are ready to take your company to the next level. Let’s get this done together.
History:
Payoneer was started in 2005 with $2 million in startup funding from the company’s creator and then-CEO, Yuval Tal, as well as several private investors. Additionally, in 2007, 83North (Greylock Israel) led a $4 million funding round, with additional investors including Carmel Ventures, Crossbar Capital, Ping An Investments, Wellington Management, Susquehanna Growth Equity, and Nyca Partners joining the group. Since its start in 2005, Payoneer has raised more than $265 million from investors, which is a lot.
- Armour Payments, an internet escrow startup, was bought by the corporation in March 2016.
- It aims to serve the B2B market for transactions between $500 and $1,000,000 in value, where credit cards and letters of credit are not appropriate payment methods.
- The company has recently begun collaborating with the Latin American eCommerce website Linio.
- In August 2016, the company added an automated tax form service to its mass payout service.
- With the addition of $180 million from Technology Crossover Ventures in October 2016, the total capital raised by the company now stands at $234 million.
- In 2017, Payoneer received an investment from China Broadband Capital (CBC).
- According to CNBC, Payoneer was ranked 40th and 13th most disruptive firm in 2017 and 2018, respectively.
- Yoel Naveh, a former Chief Economist of Israel, joined Payoneer in 2018 to manage the company’s working capital business.
- Payment processor Payoneer announced in mid-2019 that it would expand its Capital Advance service to include e-commerce sellers in the United States. This service provides merchants selling on online platforms such as Amazon and Walmart with fast access to working capital.
- Earlier this year, Payoneer announced a partnership with freelancing platform Toptal to handle cross-border payments, enabling a more efficient flow of earnings between employers and their remote employees.
- Payoneer has also been approved by the Central Bank of Ireland to operate as an electronic money institution for consumers in the European Union.
- As part of its plan to grow, Payoneer hired FT Partners to help with the company’s expansion and the raising of another round of private money for the company.
- A payments platform that was made in Germany was bought by Payoneer in December.
- As a result of the acquisition, Payoneer will be able to offer merchant services and consumer payment acceptance for the first time, in addition to the B2B services that they have been delivering since their founding. The company, mobile, which has a team of 75 people, was formed and is headed by Daniel Smeds. They will keep working as an independent group out of their current headquarters in Munich while also working with Payoneer.
- The company was named to the Forbes Fintech 50: The Most Innovative Fintech Companies in 2020 list, which was published in February 2020.
- Since January 6, 2021, Wirecard EUR receiving accounts on Payoneer can only accept payments from payment sources that have been approved by the company. Wirecard AG has been declared insolvent, although the EUR receiving account is funded by its subsidiary Wirecard Bank AG, which is not a party to the insolvency proceedings. Users can ask for a Citibank EUR account so that they can get money from other places.
- Payoneer announced in February 2021 that it would merge with FTAC Olympus Acquisition Corp. (NASDAQ: FTOCU), a Special Purpose Acquisition Corporation (SPAC) owned by former Bancorp CEO Betsy Z. Cohen, to become a publicly-traded company. It will be called Payoneer, and the combined company will have an estimated value of $3.3 billion when it closes, with $300 million coming from private investment in public equity (PIPE). Investors like Dragoneer Investment Group, Fidelity Management & Research, and Franklin Templeton are among them.
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