Online payment company Payoneer, which facilitates international transactions, has announced the upcoming release of its latest feature, Local Boney Transfer Service. Rather than being paid in USD, under this feature recipients will receive their payments in their own currency. Payoneer issues co-branded, pre-paid MasterCard® cards for employers that their independent contractors can use to receive payments. Once the card is issued and filled with money, the recipient can use the card just as they would a regular credit card or debit card. The local currency feature is faster and cheaper for both the recipients and the senders of the funds.
To begin the process, the Payoneer recipient applies to receive the card through a partner. Next, any Payoneer partner - and anyone with the recipient’s email address that is attached to the account - can pay the cardholder. Payoneer users, who are from more than 150 countries, must be over the age of 18 to use the card. The card, which can be sent anywhere in the world, is PIN-secured, and doesn't require a bank account to use. Users can access their account information on the Payoneer website.
The MasterCard® cards are co-branded with the employer’s logo and are used by hundreds of thousands of users that make approximately $500 million in transactions annually. The company – whose partners include oDesk, iStockphoto, and Elance – has grown 100% each year over the past four years.
First Covenant Bank and Choice Bank Limited service Payoneer's transactions and the company is certified by MasterCard® as a Merchant Service Provider. Carmel Ventures, Greylock Partners, and Crossbar Capital provided start-up capital for Payoneer, which is headquartered in New York and has a research and development center in Israel.
Payoneer was founded by Yuval Tal, who has more than 20 years of expertise in pre-paid credit cards, security technology, and currency exchange. Several of his companies are based in New York, although he lives in Ramat HaSharon, outside of Tel Aviv. The e-commerce mogul honed his technology and online business expertise at Tel Aviv University, where he earned a Bachelor's degree in mechanical engineering, and a Master's in biomedical engineering, minor in business administration. He founded Payoneer in 2005, where he remains its president.
In addition to his role with Payoneer, Tal also has other business interests. Tal provides consulting services to Payments-R-Us, which is operated by four leading online commerce figures that troubleshoot the payment problems of its customers. He was vice president of business development for Radware, a NASDAQ-traded company, and chief executive officer for R-U-Sure, an online comparison shopping website. He is the founder of E4X, a $500 million company now known as FiftyOne, a leading online global payment platform. The company, established to help companies with their online issues, helps in the areas of sales, merchandising, and marketing. Still an internet-based e-commerce resource today, FiftyOne also enables businesses to shop globally using their own nation's currency.
More Information can be found at:
Payoneer News and Events
Payoneer Frequently Asked Questions
Payoneer atteneing Revenue Seminar
Payoneer BusinessCard
To begin the process, the Payoneer recipient applies to receive the card through a partner. Next, any Payoneer partner - and anyone with the recipient’s email address that is attached to the account - can pay the cardholder. Payoneer users, who are from more than 150 countries, must be over the age of 18 to use the card. The card, which can be sent anywhere in the world, is PIN-secured, and doesn't require a bank account to use. Users can access their account information on the Payoneer website.
The MasterCard® cards are co-branded with the employer’s logo and are used by hundreds of thousands of users that make approximately $500 million in transactions annually. The company – whose partners include oDesk, iStockphoto, and Elance – has grown 100% each year over the past four years.
First Covenant Bank and Choice Bank Limited service Payoneer's transactions and the company is certified by MasterCard® as a Merchant Service Provider. Carmel Ventures, Greylock Partners, and Crossbar Capital provided start-up capital for Payoneer, which is headquartered in New York and has a research and development center in Israel.
Payoneer was founded by Yuval Tal, who has more than 20 years of expertise in pre-paid credit cards, security technology, and currency exchange. Several of his companies are based in New York, although he lives in Ramat HaSharon, outside of Tel Aviv. The e-commerce mogul honed his technology and online business expertise at Tel Aviv University, where he earned a Bachelor's degree in mechanical engineering, and a Master's in biomedical engineering, minor in business administration. He founded Payoneer in 2005, where he remains its president.
In addition to his role with Payoneer, Tal also has other business interests. Tal provides consulting services to Payments-R-Us, which is operated by four leading online commerce figures that troubleshoot the payment problems of its customers. He was vice president of business development for Radware, a NASDAQ-traded company, and chief executive officer for R-U-Sure, an online comparison shopping website. He is the founder of E4X, a $500 million company now known as FiftyOne, a leading online global payment platform. The company, established to help companies with their online issues, helps in the areas of sales, merchandising, and marketing. Still an internet-based e-commerce resource today, FiftyOne also enables businesses to shop globally using their own nation's currency.
More Information can be found at:
Payoneer News and Events
Payoneer Frequently Asked Questions
Payoneer atteneing Revenue Seminar
Payoneer BusinessCard
