Payoneer
| File:Payoneer-logo.png | |
| Online Payment, International Money Transfer and Prepaid Debit Cards | |
| Founded | 2005 |
| Headquarters | New York, NY USA |
|
Key people
|
Scott Galit, CEO |
| Website | www |
Payoneer is a financial services business that provides online money transfer and e-commerce payment services. Payoneer is a registered Member Service Provider (MSP) of MasterCard worldwide. The company is headquartered in New York City.
Contents
History
Payoneer was founded in 2005 with $2 million in seed funding from then-CEO Yuval Tal and other private investors. Israeli venture capitalist firm Greylock provided an additional $4 million in funding in 2007.[1] It has also received funding from Carmel Ventures, Crossbar Capital, Ping An, Susquehanna Growth Equity and Nyca Partners.[2][3][4][5][6][7][8][9] Payoneer board members include former Visa president Hans Morris and former SWIFT CEO Lazaro Campos.[5][10] Companies using Payoneer include Amazon,[11] iStockphoto, Elance, Google, 99designs, Welocalize, Fiverr, 123RF, Digital River, Quantium Solutions, uShip, and Airbnb.[2][12][13]
In March 2016, Payoneer acquired Armor Payments - internet escrow company.[14]
Services
Payoneer provides cross-border wire transfers, online payments, and refillable debit card service for businesses and working professionals.[15] Payoneer account holders have the option to receive funds into their local bank account or e-wallet, or via a re-loadable prepaid debit card, which is issued through MasterCard and can be used at ATMs or at the point-of-purchase.[16]
As of 2015, Payoneer is available for more than 100 currencies in 200 countries.[17]
References
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- ↑ Payoneer Selected by Amazon to Expand Cross-Border Payment Options in Select Countries, GlobeNewswire
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- ↑ B2B payment service Payoneer acquires escrow-as-a-service platform Armor Payments, TechCrunch, March 15, 2016
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- ↑ Payoneer Review, Best and Cheap Solution for Online Payments.
