Payoneer is a financial services company that provides online money transfer and digital payment services. It was founded in 2005 and is headquartered in New York City. Payoneer offers a range of services including cross-border wire transfers, mass payout services, and prepaid debit cards.
One of the main features of Payoneer is its cross-border wire transfer service, which allows users to send and receive money from over 200 countries and territories around the world. Payoneer has partnerships with major banks and payment processors, which allows it to offer competitive exchange rates and low fees for international transactions.
In addition to its wire transfer service, Payoneer also offers a mass payout service for businesses and organizations that need to send payments to a large number of individuals or vendors. This service is particularly useful for companies that do business globally, as it allows them to make payments in local currencies to recipients in different countries.
Payoneer also offers prepaid debit cards, which are linked to a user’s Payoneer account. These cards can be used to make purchases online and in person and can be used at ATMs to withdraw cash. Payoneer’s prepaid debit cards are accepted at millions of locations worldwide and offer an alternative to traditional bank accounts for people who may not have access to one.
In addition to its core financial services, Payoneer also offers a range of tools and resources for businesses and entrepreneurs. This includes marketing materials, a seller central dashboard for managing orders and shipments, and a range of educational resources on topics such as e-commerce and global expansion.
Payoneer has a strong focus on security and compliance and follows industry best practices to protect its users’ personal and financial information. The company is also fully regulated and licensed in various jurisdictions around the world, which adds an extra layer of protection for its users.
Overall, Payoneer is a well-established and reputable financial services company that offers a range of useful tools and resources for businesses and individuals looking to send and receive money globally. Its focus on security and compliance, along with its partnerships with major banks and payment processors, make it a reliable and trustworthy choice for international financial transactions.