Payoneer
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 inNew York City.History[edit]
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[edit]
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]
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