Payoneer is an innovative cross-border payments platform that enables businesses, online sellers and freelancers to get paid and make payments globally as easily as they do locally.
Founded in 2005, Payoneer is a financial services brand that’s an online platform for domestic and international money transfers, digital payments, and providing customers with working capital. Payoneer performs the basics. 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 a local bank transfer).
The payment platform immediately connects companies with customers for e-commerce and online payments. Businesses can send direct payment requests or invoices to customers, who then have the option to pay online via a credit card or bank account.
Payoneer supports these currencies: USD, EUR, GBP, CAD, AUD, JPY, and CNH.
Payoneer’s Top Features:
– Receiving Payment:
Customers can pay via credit card, ACH direct deposit, or from their own Payoneer account. You can also bill clients, request payments worldwide, and offer several simple and secure ways to pay online.
– Sending Payment
Pay other vendors, freelancers, contractors, etc., using ACH bank debit, credit card, or a local bank transfer. You can also pay people per project or on a monthly, recurring basis (i.e. subscription). Payoneer allows a business to pay EU and UK VAT from your account for free. This saves on costly conversion and transfer fees.
– Managing Funds:
You can open their own local currency account in the United States, Europe, the UK, and more. Funds are easily transferred from your Payoneer account to your business bank account whenever needed. Manage all the currencies you need with a multi-currency conversion service. You can also aggregate all ecommerce stores and view their payment activity in one convenient dashboard.
– Working Capital
Payoneer will give you a merchant cash advance of up to $750,000 through Amazon and Walmart if you are a seller on the platform. The program is called Capital Advance and is available at three levels, with each featuring larger amounts, longer settlement periods, and more offers to choose from.
The Partnership Program is specifically tailored for print-on-demand sellers looking to elevate their online business. This collaborative initiative offers seamless access to Merchize’s advanced e-commerce solutions and state-of-the-art print-on-demand technology. The program is designed to minimize operational hassles, allowing sellers to focus on design and marketing, while Merchize handles production and logistics. This partnership not only aims to enhance product offerings and streamline operations but also to expand market presence, ultimately leading to increased sales and customer satisfaction for print-on-demand entrepreneurs.
Private Discounts and Advanced Support