Payoneer is an online payment processing platform that provides customers with working capital and digital payment services. It offers a variety of services and tools designed to help businesses grow globally, including the ability to make and receive cross-border payments with ease. Here are some key features of Payoneer:
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Multi-currency account: Payoneer offers a multi-currency account that makes cross-border business and payments with clients, suppliers, and marketplaces worldwide as easy as local payment.
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Payoneer card: Payoneer provides a physical or virtual card that you can associate with any currency balance in your Payoneer account. This card can be used at ATMs, in stores, or online anywhere Mastercard is accepted.
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Receiving accounts: Payoneer provides you with the details of a receiving account, which you can provide to the company you work with. This allows you to receive funds in USD, GBP, EUR, SGD, HKD, AUD, CAD, and other currencies.
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Direct partnerships: Payoneer has a direct partnership with thousands of companies, including the world’s leading freelance, vacation rental, eCommerce, and stock photography marketplaces.
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Payment requests: You can bill your clients directly and send payment requests using Payoneer.
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Mass payouts: Companies like Airbnb, Amazon, Google, and Upwork use Payoneer to send mass payouts around the world.
To use Payoneer, you need to sign up for an account and link it to your bank account or card. Once you have an account, you can receive payments from clients and marketplaces worldwide, bill your clients directly, and send payment requests. You can also transfer funds between Payoneer accounts for business-related purposes.