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Payoneer
http://www.payoneer.com

Updated on June 17, 2012 by romanticz0
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General Information

Committed to meeting the highest standards in service, security, and privacy, Payoneer has partnered with the First Bank of Delaware. Payoneer utilizes, and continually invests in, top-of-the-line secure technology and adheres to stringent regulations for customer privacy, authentication and identity verification. Payoneer complies with the required KYC (Know Your Customer), BSA (Bank Secrecy Act), AML (Anti-Money Laundering) procedures and OFAC (Office of Foreign Assets Control).   Affiliate networks Internet Payment Service Provider ( IPSP ) Freelance marketplace Online marketing/surveys Stock photography  Payoneer  helps web-based businesses pay large numbers of people around the world, efficiently and securely, direct to co-branded prepaid MasterCard® cards.  Cardholders receive their funds immediately, avoid steep bank charges and hassles, and can use the card to spend or withdraw money in their local currency anywhere that accepts debit MasterCard.  Unlike traditional payment methods, no bank account or credit history is required.  The Best Way to Pay Cost-savings:  Reduce costs by about $1-2 per payment.  Rapid deployment:  Fully-hosted turn-key solution.  Localized solution:  Multi-currency solutions with multi-lingual cardholder support. Efficiency:  Eliminate administrative hassles of cutting checks, sending wires, tracking payments, re-issuing lost checks, etc.  Loyalty:  Private-label card, cardholder website and emails reinforce top-of-mind awareness.  The Best Way to Get Paid Immediate liquidity:  Payments available in minutes anywhere in the world. Convenient: Access funds in local currency, eliminating bureaucratic hassle and trips to the bank. No bank account required.  Cost-effective:  Fraction of the cost of checks or wires. Flexibility: Withdraw funds at any ATM or use for purchases at over 26 million MasterCard locations worldwide; “top-up” online by credit card or at over 59,000 Western Union locations in the US.  Branded card:  Show the world your affiliation to the organization with each payment.  Responsive:  Customer support by online chat, email or phone.  Online access:  Check account and perform transactions online 24/7. To receive a proposal for a tailored mass payout solution, fill out this Become a Partner form.

Currencies

USD

Countries of use

all

Users

All types of Internet businesses

Fees

The tables below display the maximum possible* charges:
Card
Item Price (USD) Unit How Applied
Card Application Processing No Charge No Charge No charge
Card activation $ 9.95 Per card One time - when card is first loaded
Replacement card $ 9.95 Per card One time - when issuing replacement card
Monthly account maintenance $ 3.00 Per card From available card balance each month
ATM Cash Withdrawals
Item Price (USD) Unit How Applied
ATM withdrawal - US $ 1.35 Per Trx When withdrawal is requested
ATM withdrawal -outside US $ 2.15 + upto 3% of transaction amount Per Trx When withdrawal is requested
Declined ATM withdrawal $ 0.90 Per Trx When withdrawal request is declined
Expedited Card shipping
Item Price (USD) Unit How Applied
Expedited Card shipping Based on Ship method Per card When card is ordered
Customer Service
Item Price (USD) Unit How Applied
Viewing statement online No Charge Per viewing No Charge
Customer Service calls No Charge Per call No Charge
Phone Card Use
Calls inside U.S. (only) $ 0.139 Per minute Per call
Loading Fees

You can load a Payoneer Prepaid MasterCard with a credit or debit card, or transfer from a checking account. Different fees (see below) apply.
US cardholders can also load funds with Western Union. Learn More.

Loading option First load All others Applied within
Transfer from a checking or a savings account $ 5.00 $ 2.00 4-7 business days
Visa 3.5% of loaded amount 3.5% of loaded amount up to 2 business days
MasterCard 3.5% of loaded amount 3.5% of loaded amount up to 2 business days

* shipping and cross-border fees may also apply.

Integration approaches

Get paid directly to your Payoneer Prepaid MasterCard® Use the card for online and offline purchases, or withdraw cash from an ATM - anywhere that debit MasterCard is accepted. Receive payments in dollars and immediately spend or withdraw funds in local currency Never be overdrawn - you can only spend money that has been loaded onto the card No bank account or credit check required The flat, clear and modest fee structure is lower than traditional payment methods and very competitive with other online payment methods If your card is lost or stolen, we will provide a replacement and transfer your balance (be sure to report it immediately!) Payoneer uses top-of-the-line secure technology and stringent regulations for customer privacy, authentication and identity verification

Information for developers

Affiliate networks Internet Payment Service Provider ( IPSP ) Freelance marketplace Online marketing/surveys Stock photography Payoneer helps web-based businesses pay large numbers of people around the world, efficiently and securely, direct to co-branded prepaid MasterCard® cards. Cardholders receive their funds immediately, avoid steep bank charges and hassles, and can use the card to spend or withdraw money in their local currency anywhere that accepts debit MasterCard. Unlike traditional payment methods, no bank account or credit history is required. The Best Way to Pay Cost-savings: Reduce costs by about $1-2 per payment. Rapid deployment: Fully-hosted turn-key solution. Localized solution: Multi-currency solutions with multi-lingual cardholder support. Efficiency: Eliminate administrative hassles of cutting checks, sending wires, tracking payments, re-issuing lost checks, etc. Loyalty: Private-label card, cardholder website and emails reinforce top-of-mind awareness. The Best Way to Get Paid Immediate liquidity: Payments available in minutes anywhere in the world. Convenient: Access funds in local currency, eliminating bureaucratic hassle and trips to the bank. No bank account required. Cost-effective: Fraction of the cost of checks or wires. Flexibility: Withdraw funds at any ATM or use for purchases at over 26 million MasterCard locations worldwide; “top-up” online by credit card or at over 59,000 Western Union locations in the US. Branded card: Show the world your affiliation to the organization with each payment. Responsive: Customer support by online chat, email or phone. Online access: Check account and perform transactions online 24/7. To receive a proposal for a tailored mass payout solution, fill out this Become a Partner form.

Recent news

Posted on February 15, 2019
Getting Hired as a Freelance Programmer in 2019

Fortunately for freelance programmers, there is a constant need for their services. Businesses of all sizes across all industries rely on freelance programmers for a variety of needs.

To ensure you are always in demand as a freelance programmer, it is important to recognize the evolving needs of clients and adapt your skills accordingly. Doing so will ensure that you are always up to date on the latest programming trends.

The following is an introduction to what freelance programmers can expect in 2019.

A Diversified Skill Set is Important

More and more companies want freelance programmers that are a jack-of-many-trades. This is because companies have different programming needs and having a single trusted programmer is more efficient. That is why freelance programmers need to continually diversify their skills and learn more programming languages. Doing so will make them more well-rounded and able to take on diverse projects.

To optimize your opportunities, develop your abilities in areas that are currently in high demand. In 2019, it is expected that clients will have a strong interest in freelance programmers that work with cryptography in the blockchain.

Other skill areas that programmers should consider exploring include:

  • Artificial Intelligence Platform
  • Data Analytics Tools
  • Progressive Web Applications
  • Internet of Things Technologies
  • Mobile-First Development Stacks

Anticipated Freelance Programmer Pay in 2019

Since the need for freelance programmers is expected to continue in the upcoming year, the anticipated pay for their services will likely remain strong as well.

It is important to note that freelance programmer pay varies significantly by technology or skill type, as well as geographical location. A recent study by Codementor examined the pay scale of programmers around the world and revealed that those in the United States, Australia and New Zealand earn an average of $70 per hour. Freelance programmers from Munich, Palo Alto, Brooklyn and Phoenix can earn between $86 to $91 per hour.
On the other end of the spectrum, we have Asia, former Soviet republics and North Africa, where freelancers charge under $50 per hour on average. In cities like Dhaka, Cairo and Lahore, the average hourly rate is even lower, standing at $29-36 per hour.

Even the computer language in which programmers specialize has an impact on their earning ability. The languages that commanded the highest rate were Javascript, HTML/CSS and jQuery.

Where Freelance Programmers are Finding Jobs

Freelance programmers can increase their earning potential by identifying prospects and targeting them directly. This approach allows programmers to market their skills more effectively, pitch clients with targeted proposals and negotiate fair rates.

However, it takes time and talents to target prospects directly. A lot of freelance programmers like the convenience of utilizing freelance marketplaces, many of which focus on specific industries. Here are some top spots where programmers are currently finding gigs:

  • Upwork – Large platform serving over 1.5 million clients and offering diverse work and project types (short-term and long-term). The majority of freelance programming gigs posted Upwork come from the US, followed by the UK, Australia, Canada and India.
  • Toptal – This extremely exclusive freelancer network that only hires the “Top 3% of Freelance Talent”. It is a good fit for veteran freelance programmers.
  • Craigslist – Though widely regarded as a site for buying and selling goods, Craigslist also allows people to promote or seek services. This platform is a good way to connect with clients directly in your area.
  • Fiverr – Build a profile and pitch potential clients with your services, which are categorized to make them easy for prospects to find.
  • Gigster – Another premium site, Gigster connects freelance developers with clients looking for high-quality custom smart software solutions.
  • Topcoder – An end-to-end solution that leverages freelance programmers to deliver custom software for clients.
  • Linkedin – Profinder is another source for programming opportunities, and the built-in professional networking can come in handy for getting picked for a project.

Conclusion

All in all, 2019 looks like it will be a fantastic year for freelance programmers. To increase your opportunities and income potential, be sure to continually evolve your skill set by learning new languages, staying on top of trends in the programming world, and working with a variety of industries.

As a freelancer, you can set yourself up for success in 2019 by staying ahead of current trends and utilizing a strong global payment platform to ensure you get paid for the work you do.

The post Getting Hired as a Freelance Programmer in 2019 appeared first on The Payoneer Blog.

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Posted on February 13, 2019
Top 7 Things to Keep in Mind When Outsourcing Software Projects

Editor’s note: This is a guest post by Igor Tkach, CTO at Daxx


Many companies outsource software projects. This is because outsourcing software projects offers companies with the flexibility to have the workforce they need, when they need it, while reducing cost and improving output quality.

Despite these benefits, businesses often report that outsourcing software projects does not work out for them. This is because they encounter difficulties working with the outsourced software partners.

To have a positive experience with an outsourced software partner, it is important to understand the difficulties businesses encounter, and what can be done to avoid such situations.

1. Make sure you have the right partner

One of the main problems that companies have is working with a partner that is not a true fit for their unique needs. When selecting a software development vendor, it is important to make sure that they are the right fit for your business and the specific project scope, and not just skilled on paper. If the partner is unable to understand the product requirements and translate them into measurable business outcomes, the work together will not yield positive results.

That is why businesses looking to outsource software projects need to align expectations with vendors and make sure that all project milestones and requirements are clear before selecting a partner to move forward with. One of the best ways to make sure that a potential partner is able to perform the necessary work is by examining online reviews and speaking to former clients. Remember to review the vendors recruitment process to make sure they are able to recruit top talent for your software needs.

Companies that want to find the best possible vendors or partners for their outsourced software needs must be active in the candidate selection process, evaluating the soft and hard skills of each potential candidate and choosing the ones whose abilities and past experience best corresponds with their unique project requirements It is also important to have a single point of contact that understands the full project scope and is able to relay your company needs to the executing team.

2. Be aware of team integration and onboarding

A key difficulty companies encounter when working with outsourced software partners is the difficulty of onboarding and integrating a new team into an existing company. That is why businesses looking to outsource software projects need to make sure they are aware of the time it takes to integrate a new team and onboard a new vendor into their current workforce. This is particularly important if working with geographically distributed teams. To ensure smooth operation, businesses must be able to think through the initial stages of partnership and prepare introductory materials about the product, the process, the stack of technologies, and roles of every specialist on the project.

A great way to ensure smooth transition is to establish proactive communication with your remote team. Arrange daily calls, weekly Scrum retrospectives, and at least one onsite trip for your dedicated developers (for a week or two) to make them feel like an integral part of your organization. To make the team integration even more efficient, arrange regular onsite trips every 3-6 months.

Be sure to confirm with your selected vendor that they have an onboarding strategy for you to implement. Your outsourcing partner should take care of the onboarding, retention, and stability of your remote developers while you need to be responsible for preparing the infrastructure and making sure all the roles and responsibilities are defined and assigned to the right people.

3. Allocate sufficient resources for team management

The success of your outsourcing efforts depends on the management and organization of your dedicated team. That is why, in order for an outsourced freelance project to be successful, it is imperative that businesses allocate sufficient resources for experts who will play a crucial role in organizing the outsourced team.

Key experts include product owner, software architect and HR/client manager. The product owner is the responsible for bridging the gap between business requirements and remote developers, and routinely ensures business goals are clarified and achieved with the best-of-breed solutions. The role of the product owner should be assigned to a single person that will be a dedicated point of contact.

The software architect is a crucial expert in any outsourced software project and serves as a mentor and key technology enabler on the project. A software architect is responsible for the technical success of your dedicated team and ensures that the team follows the product architecture.

It is also important to allocate resources for an HR/Client Manager who will be responsible for ensuring remote specialists are satisfied. This person acts as an escalation point for any complains and suggestions, ensuring smooth cooperation between you and your dedicated team.

4. Be aware of cultural and time differences

A key thing companies need to do when working with outsourced software vendors is make sure they are aware of the cultural and time differences that the vendor has. It is best if the selected vendor has overlap hours so that teams are able to stay in sync and discuss progress and issues in real time.

Plan all the tasks in advance and clarify the details of every requirement. This way your dedicated team won’t experience any downtime due to time difference or unclear KPIs.

Since cultural differences may have a negative impact on the overall outcome, consider selecting software development vendors that have a similar mindset and business culture. For instance, Asian outsourcing vendors have a completely different mentality and the way of doing business compared to the US and European. This can lead to a number of misunderstandings and affect software quality.

5. Have a single project manager or point of contact

One of the most difficult things businesses encounter when working with outsourced software partners step from miscommunication. To avoid this, it is crucial to have a single point of contact on the side of your outsourcing vendor that will control the quality of service delivery.

In big teams consisting of 10 or more people, this role is assigned to the delivery manager or site manager. This manager focuses on keeping the clients satisfied with the company’s services and managing team performance. He solves any reliability and technical issues, tracks service metrics and reports on the processes and progress of the dedicated team. In smaller teams, you may have a completely flat structure (for teams up to 3-4 people) or this role can be combined with the role of a team leader.

6. Balance software quality expectations and development expenses

Companies looking to outsource software projects need to recognize if they are looking for a partner who can deliver the results they need, or a partner who will deliver results for cheap. If looking for ‘hands for hire,’ the quality of work may not meet expectations. Instead of looking to reduce costs and expect quality results, select a software outsourcing provider that can deliver true value and become a long-term business partner.

Your software development partner should have strong organization and effort estimation skills and a complete understanding of your business domain. This way, your vendor will be able to provide best technical solution for any business problem that may arise. Having a value-centered approach may help you find competent developers with a much wider set of skills and in the long run, this will ensure that they are able to deliver the desired quality within the required time frame.

7. Ensure collaboration tools meet the requirements of your remote team

Working with a diverse and often geographically dispersed team requires effective digital communication and collaboration tools.

A well-coordinated software development process will incorporate multiple tools for communication (e.g. Slack), video conferencing (e.g. Skype), task tracking (e.g. Jira), continuous integration (e.g. Jenkins) and more. To ensure that your in-house and remote development teams work in unison and maintain a sustainable workflow, use the same set of tools for all teams.

Conclusion

At the end of the day, working with a software development partner can be a great way to improve output while reducing costs. Companies that find working with outsourced software partners a struggle need to make sure that they select the right partners and have a work process that makes the work clear and smooth for all parties involved. With the right partner and execution, software outsourcing can deliver real value to businesses.

Igor Tkach is the CTO at Daxx. He is an experienced business-driven executive, who writes about agile development best practices, product management, development team structure optimization, increasing leadership capacity in organizations, and more. Igor helps tech companies from all over the world create and run value-driven R&D centers, build robust and scalable business processes, and improve their performance.

The post Top 7 Things to Keep in Mind When Outsourcing Software Projects appeared first on The Payoneer Blog.

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Posted on February 11, 2019
How to Diversify Your E-Commerce Business in 2019

Diversification is an excellent way for eSellers to minimize their exposure to risk due to marketplace fluctuations. Since interests shifts throughout the year between products, having a limited product assortment can be a risky strategy since a slight market change could negatively impact your operation.

That is why eCommerce businesses should use the start of the new year to evaluate new items and add new products to their current offering.

The following is an overview of key strategies, tips, and insights to help you effectively diversify your e-commerce business inventory in 2019 and beyond.

Expand into Related or Complementary Products

Expanding is ineffective if you do it haphazardly or without proper planning. Businesses looking to diversify their product offering need to maintain business focus to avoid confusing, and potentially losing, customers.

Thus, when looking to diversify one’s portfolio, consider looking at complementary or related products that suit your current clients’ needs. If you sell computers and related accessories, for instance, it would be logical to diversity offering and include additional electronic devices, even from other categories, however, it would make less sense to offer beauty products. If your niche is home furnishings, you could easily explore different categories within this sector that you don’t already offer while making sure there is some connection to your current offering.

By extending into related areas, you can create opportunities to cross-promote to existing customers and to present add-on sales and bundle packages to potential ones.

Use Data Analytics to Identify the Best Opportunities

If looking to diversify your product offering, consider utilizing data analytics to identify the best opportunities. Top eSellers often examine data to take the guesswork out of product diversification. Analyzing data as well as business or product reviews can provide valuable insight into market demands, as consumers point to missing products and accessories that would improve their buying experience.

Create a buyer persona for your core segments to get an in-depth personal and behavioral profile of the audience you target. Remember to pay close attention to intent data that reveals the buyer’s journey and shopping habits of your customers to learn how they buy, and what they buy. Doing so will make it easier to identify potential items that your clients are interested in and would complement your existing offering.

Leverage More Online E-Commerce Platforms

Beyond product expansion, another way to diversify your e-commerce business is by selling on other e-commerce platforms. Many eSellers concentrate only on Amazon because of its size and dominance. While it makes sense to sell on Amazon, other eCommerce platforms offer distinct features and access to different types of customers that you might not reach on Amazon.

Shopify, for instance, offers a lot of data and insights on top-selling product categories and the makeup of the market, making the platform valuable for many eCommerce sellers, particularly those looking to diversify their offering. Niche eSellers should also consider selling on niche eCommerce sites such as Etsy which is focused on craft and home decor products.

Conclusion

Markets fluctuate in an ongoing way, and the best way to ensure that market changes do not impact your eCommerce business is by having a diverse product offering that can be continually modified based on customer demands. The tips above can eSellers diversify their offering in the best way possible.

With 2019 just getting started, now is the time to build your product portfolio and insulate yourself from the risks of an overly-concentrated approach.

The Payoneer online payment service solution can help you capture increased online sale revenue from international marketplaces affordably and efficiently.

The post How to Diversify Your E-Commerce Business in 2019 appeared first on The Payoneer Blog.

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Posted on February 7, 2019
Is Time Management Taking Too Much Time to Manage? SMB Owners and Entrepreneurs Listen Up!

Editor’s note: This is a guest post by Carlo Borja, Head of Marketing at Time Doctor


Time management is serious business regardless of the industry. In fact, the history of time management is quite interesting. The site thebalancesmb has an excellent explanation of the topic and accurately describes how a defined structure increases efficiency and productivity. Additionally, time management specialist Cathy Sexton argues that “when we’re busy, we see that as being productive, when productivity is really narrowing down what we need to do”. That’s time management in a nutshell.

Time ManagementOne of the Biggest Hurdles for SMBs and Entrepreneurs

There’s no doubt about it; time management requires discipline and cleverness for goal setting. In fact, recent research has revealed that roughly 72% of SMB proprietors and entrepreneurs work long days, weekends, and still complain there are not enough hours in the day!

Additionally, sites like cornerstoneddynamics offer a host of compelling and entertaining stats about time management. For example, did you know:

  • 10 to 12 minutes invested in planning your day will save at least two hours of wasted time and effort throughout the day?
  • One in eight telephone calls are repeated because something was forgotten?
  • Productivity drops as much as 40% when subjects tried to do two or more things at once?
  • It usually takes twice as long to complete a task as what was originally planned for?

Focusing on what is important and setting priorities are key to jumping over time management hurdles. It essentially comes down to life-balance and output levels.

Studies reveal that entrepreneurs find time-management to be the most difficult, as they are responsible for both managing their time and keeping revenues flowing. Enterprising individuals with mediocre time management skills will notice their lack of effectiveness where it hurtsin their pockets.

Substantial stress coupled with the constant pressure of “trying to make it” will frazzle the nerves of the staunchest self-starter. While talent has its strengths, if you don’t take the time to manage your business, you won’t have a business for very long.    

That said, SMBs are not off-the-hook. From detailed tracking of employees to administering tasks, SMB managers have various issues that entrepreneurs may not have to deal with in the early stages. Still, time management is a must no matter the situation when it comes to operating or owning a business.

Taking the Time to Deal with It

Leadership expert John Maxwell says that “There is no such thing as time management. Think about it; the term is an oxymoron. Time cannot be managed. It cannot be controlled in any way. Everyone gets the same number of hours and minutes every day.”  

I guess you would agree that time keeps on ticking regardless of how much of it you think you have. Even so, there comes a time when you simply have to roll up your sleeves and get to work.

While Maxwell is speaking abstractly about time, tangible steps are still required to see visible results. Time management is essential for SMBs and entrepreneurs who want to achieve a satisfactory work/life balance.  

5 Time Management Strategies That Work

  1. Don’t be a Jack (or Jane) of all trades
    An important time management tip is to delegate tasks, especially when there is someone more qualified. For example, if you’re doing the bookkeeping for your business, why not delegate to someone else? Like an actual bookkeeper, perhaps? Use your time on other tasks, such as building your business.
  2. Take time to reflect
    Take time to reflect and get those creative juices flowing. Reinvigorate yourself. Unwind and consider the day’s events. Note any important phone calls, emails, and meetings you had. Take quiet breaks and reflect upon the direction you want your business to go. Remember, working in your business and working on your business are two different things.
  3. Simplify, simplify, simplify
    Simplify obstructions by clarifying issues. Successful entrepreneurs and SMB administrators take intricate problems and break them down into small manageable tasks. If you competently manage small issues, they won’t become big ones.
  4. The 80/20 rule
    The 80/20 rule is: “80 percent of outcomes stem from 20 percent effort.” Observe when you are most productive. Is it first thing in the morning or late at night? Utilize that time each day for brainstorming.
  5. Planning and flexibility
    According to Murphy’s law “whatever can go wrong will go wrong”. No matter how meticulous your plans, there will be something you overlooked. Such is life! Staying flexible is just as important as planning.

Additional time management pointers include developing a routine, maintaining an orderly workspace, and keeping a positive attitude.

What About Outsourcing?

Outsourcing – using external resources to carry out activities typically executed by an internal workforce – is a popular way to delegate jobs and manage your time.

Many entrepreneurs and especially SMBs turn to time tracking and time management software like Time Doctor, which also provides excellent web-based support and even payroll solutions. In fact, according to a study commissioned by the APA (American Payroll Association) performed by the Hackett Group, a majority of companies take advantage of paperless payroll systems as a result of payment cards and direct deposit.

At the outset, expenditures and personnel minimization are the most frequent reasons for outsourcing. Today, the motivation is oftentimes more tactical and focused on internal enhancement where a company can capitalize on its primary avocations. Though outsourcing is not the answer for every situation, it has proven to be an assured means of increasing business efficiency.

Final Thoughts

Whether it involves supervising a remote staff or performing day-to-day tasks, time management skills are central when it comes to making your business a success.

Carlo Borja is the Head of Online Marketing for Time Doctor, a time tracking software for remote teams.
He is a full-time telecommuter, a digital nomad and a coffee junkie.

The post Is Time Management Taking Too Much Time to Manage? SMB Owners and Entrepreneurs Listen Up! appeared first on The Payoneer Blog.

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Posted on February 4, 2019
Protecting Your Business from eCommerce Fraud

While the internet gives sellers access to a massive global audience, it also, unfortunately, attracts malicious buyers looking to take advantage of unwitting companies. To ensure that you do not fall victim to eCommerce fraud, it is important to recognize common tactics used by fraudsters and how to safeguard your online business.

The following is a look at some of the best practices for businesses looking to prevent fraudulent transactions from disrupting and negatively impacting their eCommerce operations.

Sell on Secure eCommerce Platforms

Operating an eCommerce business brings an array of potential threats. One of the best ways to avoid being an online fraud victim is by having a secure eCommerce platform. Because of this, many eCommerce businesses choose to sell entirely through third-party platforms that offer the extra layer of security they need.

As you look for sites to sell through, such as Amazon, Shopify, Highwire, osCommerce, FoxyCart and more, be sure to consider the level of security each platform provides. Many top eCommerce platforms offer an enhanced customer experience as well as improved fraud protection. In addition to a third-party eCommerce solution, businesses can operate independent sites and take advantage of plugins that enhance their security.

Track All Deliveries

Chargebacks are among the biggest headaches for eCommerce providers. Though a high sales volume makes it virtually impossible to eliminate chargebacks, some solutions mitigate their impact on your business.

Sending your products with tracking ensures there is a record of delivery in case a recipient claims otherwise. Some payment vendors require this physical record in order to process a reimbursement. Authorities may also want the information if you report buyer fraud.

Having all deliveries tracked will help reduce online fraud and improve your ability to grow your business in a secure way.

Record and Report Fraud

In spite of the sector’s competitive nature, eCommerce professionals are a community of merchants trying to earn an honest income. If each company makes it a practice to report all fraud to the community, it will be harder for scammers to harm businesses. Doing so has the potential to deter would-be thieves from viewing online sellers as fair game and may even remove some of the violators through the criminal process.

Contacting the local police is common for small-scale fraud, but your country may have other agencies that handle large-scale digital fraud situations.

Recording zip codes and other characteristics of fraudulent activity allows you to identify common patterns. You might find, for instance, that your fraudulent buying originates in a common country or locale, making it easier for you to identify potential fraud before falling victim to it.

Choose a Secure Payment Processing Service

Having a secure payment processing service that offers chargeback coverage is one of the best ways to protect yourself from fraud. The Payoneer payment processing service offers fast payments, the elimination of chargebacks and other fraudulent buyer activity, making it a top choice for eCommerce businesses.

With Payoneer, eCommerce sellers can easily set up authorized direct payments from customers in which payment are only processed when a balance exists in the customer’s account, reducing the risk of fraud and improving overall operations.

Protecting Your Business from Fraud is an Ongoing Battle

Unfortunately, fraudsters are continually developing sophisticated ways to harm eCommerce businesses, which is why you must continually work to secure your enterprise.

Applying the strategies outlined above puts online sellers in the best position to optimize profits by minimizing or eliminating fraudulent transactions.

Learn how Payoneer helps you sell anywhere in the world

The post Protecting Your Business from eCommerce Fraud appeared first on The Payoneer Blog.

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