O V E R V I E W & O R I G I N Payoneer is the world’s go-to partner for digital commerce, everywhere. From borderless payments to boundless growth, Payoneer promises any business, in any market, the technology, connections, and confidence to participate and flourish in the new global economy. Powering growth for customers ranging from aspiring entrepreneurs in emerging markets to the world’s leading digital brands, Payoneer offers a universe of opportunities, open to you.
Making online payments using the right solution to match your business comes with unique challenges. Payoneer is an ideal payment gateway, there are a variety of alternatives that may suit your business better.
- Local and international transactions
- Money transfers
- Send/receive payments between bank accounts
- Low conversion fees
- Local currency
- Offers working capital
- Access to international networks and marketplaces
Payoneer was born on the cusp of a new digital era; now we’re at the heart of it. An era defined by connectivity and openness. Where anyone, anywhere, is empowered to participate and succeed as a global citizen of a single digital economy. Infinite opportunities create exponential complexity. This borderless world of open commerce brings new systems, unfamiliar rules, and untold risks. These unknowns create fear and doubt that erode the confidence fueling the entrepreneurial spirit at the center of everything.
Payoneer is going to become the NEXT FINTECH GIANT With 2000 plus employees, 24 Golab offices working with 35 plus languages, and satisfied 5 million-plus customers worldwide.
Payoneer was founded in 2005 with $2 million in seed funding from founder and then-CEO Yuval Tal and other private investors. 83North (Greylock Israel) led an additional $4 million in funding in 2007, with additional investors including Carmel Ventures, Crossbar Capital, Ping An, Wellington Management, Susquehanna Growth Equity, and Nyca Partners. Since 2005 Payoneer has raised over $265 million from investors.
- Yuval Tal: Founder.
- Scott Galit: Chief Executive Officer.
- Keren Levy: Chief Operating Officer.
- Michael Levine: Chief Financial Officer.
- Robert Clarkson: Chief Revenue Officer.
B U S I N E S S A C T I V I T I E S -
Payoneer supports over 200 countries with 150 local currencies. The financial payment service gives you the ability to directly withdraw funds with a debit card, as well as send and receive funds domestically and internationally, including using local bank transfer.
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The prepaid Mastercard (not Visa) the brand issues facilitates transferring funds. It can be used as a debit card for any type of transaction, including e-commerce. Payments are sent to Payoneer Mastercard, rather than going into your online account (and then transferring to a local bank account).
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This means less of a hassle if you need to acquire funds quickly. The card can be used at any ATM in the world but has a maximum daily limit of $2,500. According to the fee structure, they will also charge you an average of 1% of the transaction in foreign exchange fees.
Payoneer has a help desk with a customer support system and a collection of resources to build your knowledge base. The company has offices in multiple countries and is available via email, phone, and live chat.
L A N D S C A P E PAYONEER is one of the best DIGITAL MONEY TRASFER company. There are many other companies like Skrill, paypal, square etc in the same road. For 15 years, Payoneer has pioneered this new reality. Serving markets others will not. Solving fintech problems others cannot. Innovating tools others have not. Pushing frontiers, making connections, unifying, and creating global ecosystems.
Firsts things first, you have to figure out whether this very payment method is for you. So who would benefit from having a Payoneer account? Well, these are the following groups of people:
- Freelancers:
- Entrepreneurs;
- People who travel a lot;
- People who prefer to shop online.
Payoneer card is a plastic card, just like the one you’ve got from your local bank, which can be used for withdrawing cash from ATMs, online shopping, paying by card in restaurants, cafés, cinemas, shops, and pretty much anything else you use your regular card for.
You can order a card after you received the first money transaction on your Payoneer account. The card will be sent to you by mail and this service is completely free. Usually, the delivery takes about 1-2 weeks.
If the card does not arrive for a long time, you can contact the support service and clarify the status of the sending. If for some reason the card is lost, it will be sent to you again. Until you activate the card in your account, this is a useless piece of plastic, so don’t worry if it gets lost.
While getting a card is completely free, you’ll have to pay for its service, which is $ 29.95 per year. However, getting a card is not a must for everybody, so you can use the service without a card. For instance, you can withdraw up to $10,000 per one transaction directly to your local bank card. Moreover, many banks do not take any commission fees for these transactions. So you can avoid paying the cost of card services, and you will only pay a fee for the transfer (if there is any). Though keep in mind that some features are available only for the cardholders.
R E S U L T S The main business impact of payoneer if on the FREELANCE MARKET. Giants like UpWOrk, FIverr & FREELANCER recomend PAYONEER for money tranfer with fast service & low rates. The main reason i choose PAYONEER for me is it has no border limit for my country, like PayPal is ban here so we are solving our digital money tranfer problems using payonner.
- PayPal.
- Square.
- Google Pay.
- Tipalti.
- Skrill.
- Remitly.
R E C O M E N D A T I O N S Pakistan is no.3 on top freelance markets & it's the freelance market is growing very fast. Living & working here in the Information Technology field is not easy, as we always face issues with the payment transfer from other countries or clients because PayPal is ban here, SO Payoneer solves all our problems from Client/company payments to any money transfer digital using fingertips.
99Designs (www.99design.com)
"More than 4,000 designers have chosen to be paid out through Payoneer & this number is growing exponentially." said Daniela Mcchrystal (Payment Manager - 99designs.
WISH (www.wish.com)
"Partnering with Payoneer makes the payout process simple by ensuring merchant suppliers receive their funds quickly and seamlessly. The partnership will help us attract more merchant suppliers around the world and increase overall revenue." said Jake Bailey (Head of Business Development - WISH)
FREELANCER (www.freelancer.com)
"Payoneer is certainly the fastest, simplest, and most convenient way to receive funds from diverse online platforms," said Vikram Malik (Freelancer)
I am sure you have already figured out that today we will talk about Payoneer, a large and successful financial business worldwide. If you are a business owner, consultant, or specialist, the issue of receiving payment is critical for you. Transferring your funds quickly, safely, and inexpensively are the main principles of Payoneer.
Payoneer is an American payment company founded in 2005 that facilitates online payment transfers both within the United States and internationally. At the moment, Payoneer has several hundred partner companies around the world (Airbnb, Upwork, Amazon, etc.), which allows you to officially receive payments from them on your card.
If you are looking for financial solutions for your business, whether you send/receive online payments domestically or internationally, Payoneer is your #1 choice.
Some of the SUCCESS STORIES: https://www.payoneer.com/resources/success-stories/
Payoneer Global (PAYO) gains 3.47% for September 3 Payoneer Global Inc (NASDAQ: PAYO) shares gained 3.47%, or $0.36 per share, to close Friday at $10.75. After opening the day at $10.40, shares of Payoneer Global fluctuated between $10.77 and $10.36. 3,069,843 shares traded hands an increase from their 30 day average of 2,758,261. Friday's activity brought Payoneer Global’s market cap to $3,637,283,753.
Different resources i use to complete this assignment.
| Topic | Resource |
|---|---|
| Client Case Study & Testimonials/ Recomendations | https://www.featuredcustomers.com/vendor/payoneer/case-studies/all |
| Client Case Study & Testimonials/ Recomendations | https://cdn.featuredcustomers.com/CustomerCaseStudy.document/Wish_EiS9hhE.pdf] |
| Why Payoneer | https://tipalti.com/payoneer-vs-paypal/ |
| Who needs a Payoneer account | https://masterbundles.com/payoneer-review/ |
| ABOUT PAYONEER | https://www.payoneer.com/ |
| ABOUT PAYONEER | https://www.payoneer.com/about/ |
| PAYONEER COMPITETORS | https://tipalti.com/payoneer-alternatives/ |
| PAYONEER HISTORY | https://en.wikipedia.org/wiki/Payoneer |
| SUCCESS STORIES of PAYONEER | https://www.payoneer.com/resources/success-stories/ |
ASSIGNMENT by NADIA NADIR.