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|homepage = [http://www.payoneer.com/ Payoneer.com]
|homepage = [http://www.payoneer.com/ Payoneer.com]
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'''Payoneer''' is an Internet-based financial services business that allows users to transfer money and receive payments through re-loadable prepaid [[MasterCard]] [[debit card]]s. Payoneer is a registered Member Service Provider (MSP) of [[MasterCard]] worldwide. The Company is headquartered in [[New York City]] with R&D offices in [[Tel Aviv]], Israel.
Founded in 2005 '''Payoneer''' is an Internet-based financial services business platform that allows users to easily transfer money and receive payments through re-loadable prepaid [[MasterCard]] [[debit card]]s as well as through transfers to local banks, international [[wire transfer]]s, local currency paper checks and local [[Digital wallet|eWallets]]. Payoneer is a registered Member Service Provider (MSP) of [[MasterCard]] worldwide. The Company is headquartered in [[New York City]] with R&D offices in [[Tel Aviv]], Israel.

==Services==
Payoneer enables companies to reach business partners and service providers in more than 200 countries in over 50 [[currency|currencies]]. By removing geographical obstacles, Payoneer eliminates the limitations that typically surround international business which benefits payers and payees alike. Payoneer is ranked in the top 1000 in Inc. 5000’s Financial Service companies <ref>{{cite web|url= http://www.inc.com/profile/payoneer|title= Top Financial Services Companies on the 2013 Inc. 5000|publisher= Inc. 5000 Application|date= 2014|accessdate=March 26, 2014}}</ref>.
Payoneer has served thousands of companies and more than two million payees around the world. Among its clients are companies like [[Google]] <ref >{{cite web|title= Payoneer Selected as a Global Payments Provider for the Google Trusted Stores Program|url= http://www.businesswire.com/news/home/20140319005076/en/Payoneer-Selected-Global-Payments-Provider-Google-Trusted#.UzMGatI709U|publisher= Business Wire|date=March 19, 2014 |accessdate=March 26, 2014}}</ref>, [[Airbnb]], [[oDesk]], [[Elance]], and [[Fiverr]].


==History==
==History==
Payoneer has received venture funding from [[Greylock Partners]], [[Carmel Ventures]], and Crossbar Capital.<ref name="Schonfeld">{{cite news |first=Erick |last=Schonfeld |coauthors= |title=Payoneer Raises $8 million Series B From Greylock And Carmel|url=http://techcrunch.com/2008/07/24/payoneer-raises-8-million-series-b-from-greylock-and-carmel |publisher=[[TechCrunch]] |date=2008-07-24 |accessdate=2011-02-28}}</ref><ref name="Chowdhry">{{cite news |first=Amit |last=Chowdhry |coauthors= |title=Greylock Partners Leads $4 Million Series A Investment In Payoneer |url=http://pulse2.com/2007/03/26/greylock-partners-leads-4-million-series-a-investment-in-payoneer/ |publisher=Pulse2 |date=2007-03-26 |accessdate=2011-02-28}}</ref> Payoneer cards were used in the financial operations behind the [[assassination of Mahmoud al-Mabhouh]], [[Hamas]] militant, in 2010.<ref name="McGregor">{{cite news |first=S. |last=McGregor |coauthors=Walter, V., Setrakian, L. |title=Dubai Police Release New Suspects in Hit Squad Killing|url=http://abcnews.go.com/International/Blotter/dubai-police-release-suspects-hit-squad-killing/story?id=9930164 |publisher=[[ABC News]] |date=2010-02-24 |accessdate=2011-02-15}}</ref><ref name="Murphy">{{cite news |first=Brian |last=Murphy |title=Dubai police allege assassination team in Hamas commander’s slaying used credit cards issued by Iowa bank |url=http://thegazette.com/2010/02/24/dubai-police-allege-assassination-team-in-hamas-commanders-slaying-used-credit-cards-issued-by-iowa-bank/ |publisher=Gazette.com (SourceMedia) |date=2010-02-24 |accessdate=2011-02-15}}</ref><ref name="Abelson">{{cite news |first=Max |last=Abelson |title=New York City's Assassination Connection |url=http://www.observer.com/2010/wall-street/new-york-citys-assassination-connection |publisher=[[The New York Observer]] |date=2010-03-09 |accessdate=2011-02-15}}</ref>
Payoneer has received venture funding from [[Greylock Partners]], [[Carmel Ventures]], Crossbar Capital and Susquehanna.<ref name="Schonfeld">{{cite news |first=Erick |last=Schonfeld |coauthors= |title=Payoneer Raises $8 million Series B From Greylock And Carmel|url=http://techcrunch.com/2008/07/24/payoneer-raises-8-million-series-b-from-greylock-and-carmel |publisher=[[TechCrunch]] |date=2008-07-24 |accessdate=2011-02-28}}</ref><ref name="Chowdhry">{{cite news |first=Amit |last=Chowdhry |coauthors= |title=Greylock Partners Leads $4 Million Series A Investment In Payoneer |url=http://pulse2.com/2007/03/26/greylock-partners-leads-4-million-series-a-investment-in-payoneer/ |publisher=Pulse2 |date=2007-03-26 |accessdate=2011-02-28}}</ref><ref >{{ cite web|title=Payoneer Secures $25 Million Funding Led by New Investor Susquehanna Growth Equity, LLC |url= http://www.businesswire.com/news/home/20140305005995/en/Payoneer-Secures-25-Million-Funding-Led-Investor#.UzMBSNI709U |publisher= Business Wire|date=March 05, 2014 |accessdate=March 26, 2014}}</ref>


==Alternative payments==
==Alternative payments==
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==External links==
==External links==
* [https://www.payoneer.com/index.xhtml Payoneer homepage]
* [https://www.payoneer.com/ Payoneer Homepage]
* [https://itunes.apple.com/us/app/payoneer/id663338402?ls=1&mt=8 Payoneer at [[iTunes]]]
* [http://go.payoneer.com/partner-plans.html Mass payouts Services]


[[Category:Electronic currencies]]
[[Category:Electronic currencies]]

Revision as of 09:41, 27 March 2014

Payoneer
Company typeOnline Payment, International Money Transfer and Prepaid Debit Cards
FoundedNew York, NY USA (2005)
HeadquartersNew York, NY USA
WebsitePayoneer.com

Founded in 2005 Payoneer is an Internet-based financial services business platform that allows users to easily transfer money and receive payments through re-loadable prepaid MasterCard debit cards as well as through transfers to local banks, international wire transfers, local currency paper checks and local eWallets. Payoneer is a registered Member Service Provider (MSP) of MasterCard worldwide. The Company is headquartered in New York City with R&D offices in Tel Aviv, Israel.

Services

Payoneer enables companies to reach business partners and service providers in more than 200 countries in over 50 currencies. By removing geographical obstacles, Payoneer eliminates the limitations that typically surround international business which benefits payers and payees alike. Payoneer is ranked in the top 1000 in Inc. 5000’s Financial Service companies [1]. Payoneer has served thousands of companies and more than two million payees around the world. Among its clients are companies like Google [2], Airbnb, oDesk, Elance, and Fiverr.

History

Payoneer has received venture funding from Greylock Partners, Carmel Ventures, Crossbar Capital and Susquehanna.[3][4][5]

Alternative payments

The company focuses on specific payment solutions, primarly affiliate, mass payments, Local Electronic Funds Transfer (EFT), merchant accounts, and payout programs in countries with underdeveloped banking systems.[citation needed] Many card Issuing Banks issue prepaid Visa Inc. or MasterCard debit cards either directly or through Member Service Providers (MSPs). In order to compete, many of these organizations target specific markets, where they can differentiate their products. Payoneer pursues a number of markets by providing salary and commission payout solutions for industries like affiliate marketing [6] , summer camps,[7] freelancers,[8] direct selling [citation needed] and clinical trials.[9] Payoneer, along with other companies like First Data, Automatic Data Processing and Ceridian, are changing the way people are paid worldwide.[10]

See also

References

  1. ^ "Top Financial Services Companies on the 2013 Inc. 5000". Inc. 5000 Application. 2014. Retrieved March 26, 2014.
  2. ^ "Payoneer Selected as a Global Payments Provider for the Google Trusted Stores Program". Business Wire. March 19, 2014. Retrieved March 26, 2014.
  3. ^ Schonfeld, Erick (2008-07-24). "Payoneer Raises $8 million Series B From Greylock And Carmel". TechCrunch. Retrieved 2011-02-28. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help)
  4. ^ Chowdhry, Amit (2007-03-26). "Greylock Partners Leads $4 Million Series A Investment In Payoneer". Pulse2. Retrieved 2011-02-28. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help)
  5. ^ "Payoneer Secures $25 Million Funding Led by New Investor Susquehanna Growth Equity, LLC". Business Wire. March 05, 2014. Retrieved March 26, 2014. {{cite web}}: Check date values in: |date= (help)
  6. ^ "Avangate Pays Vendors and Affiliates Using the new Avangate Prepaid MasterCard Powered by Payoneer". PRWeb. 2009-01-15. Retrieved 2011-03-03.
  7. ^ Shifrin, Peter (2010-03-02). "Paying with Plastic: Camping Style". Camping Magazine. Retrieved 2011-02-28. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help)
  8. ^ "oDesk Expands Provider Payment Options with Payoneer and the oDesk Debit MasterCard". oDesk. 2007-04-30. Retrieved 2011-02-28.
  9. ^ "New York Hospital Uses Prepaid Cards to Pay Study Participants". CenterWatch. 2010-03-23. Retrieved 2011-02-28.
  10. ^ Heet, LaRita (2009-09-29). "More employees say 'hello' to payroll cards". CreditCards.com. Retrieved 2011-02-28.
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