Payoneer is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital. The company is headquartered in New York City. As of 2019, the company employed approximately 1,200 people, and serves over 4 million customers in 14 offices around the world.
Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.
Companies like Airbnb, Amazon, Google and Upwork use Payoneer to send mass payouts around the world. It is also used by eCommerce marketplaces such as Rakuten, Walmart and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country. Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies.
According to channeladvisor.com; en.Wikipedia. Source of photos: internet
