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Payoneer online payment system

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 June 19, 2019
Amazon Prime Day 2019: Strategies for Success (Webinar Recap)

Payoneer recently hosted a live webinar from India on the topic of how to approach Amazon Prime Day and key strategies you need to succeed.

Payoneer’s Anupriya Bhavsar along with Shikha Priyadarshni, Customer Success Manager from SellerApp, discussed the different activities that can help you to prepare for this year’s Amazon Prime Day. Anupriya opened the webinar with a brief introduction on Payoneer and how we help sellers both in India and globally to expand, as well as a discussion on our India Partner Network.

                                                   WATCH NOW

Shikha describes why Prime Day matters to sellers and the significant impact it’s made on their business over the recent years. In 2018, Prime Day sales amounted to almost $4.19 billion – a 74% increase from 2017 Prime Day, which is expected to remain the same for this year.

Since Amazon runs a massive amount of advertisements for Prime Day, it’s highly important for sellers to push efforts and make it as successful as possible. In fact, Prime Day sales can be a launchpad for sellers for the entire Q4.

Let’s take a look at the 7 strategies to apply towards your Prime Day preparation…

  1. Stock up on inventory – What you think might be enough for Prime Day is not always enough. This year make sure to double your inventory, as you can’t afford to go out of stock during the Prime Day sales.
  2. Increase visibility – Check your quality listing score and perhaps create an aggressive PPC campaign and enhance your content to increase your products’ online visibility.
  3. Optimize your listings – If you’re listing quality is low, you need to optimize by adding high-definition images, compiling a list of keywords that have high search volumes and including a clear and readable description on your product. Remember, be specific regarding your product.
  4. Go social – Create a defined social media strategy and run as many campaigns you can through Facebook, Instagram or YouTube and offer special discounts and coupons. Search where your buyers are from and determine which regions are interested in your products, and geo-target your campaigns.
  5. Offer promotions – Consumers like scarcity. Amazon offers you the ability to create coupons in your Amazon seller central and promote discounts, lightning deals, free shipping and more. However, discounts under 50% are not recommended as it can seem suspicious.
  6. Understand your past sales – Last year’s sales can certainly make an impact on this year’s so it’s highly important to understand and review your sales data from the previous year to make this Prime Day even better. Determine which tactics did and didn’t work and which specific products sold the most.
  7. Offer exclusive products – For larger and more experienced sellers, Amazon suggests offering exclusive or “limited-edition” products. Compile a list of about 4-5 unique products (ones that are not offered by most sellers) and end the sale of them 2 weeks prior to Prime Day. Sell these products only on Prime Day and then remove them afterwards.

To learn more about which strategies help you succeed on Prime Day, watch our webinar today!

WATCH NOW

 

 

 

The post Amazon Prime Day 2019: Strategies for Success (Webinar Recap) appeared first on The Payoneer Blog.

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Posted on June 18, 2019
Amazon and eBay Reduce Fees in Europe and UK

Good news for Amazon and eBay sellers — your fees are being reduced!

Amazon referral fee changes

As of June 5, 2019, Amazon began reducing referral fees for specific categories of merchandise. Here’s how it works: Referral fees are paid by sellers on each item sold. This fee is computed on the total sales price, which includes taxes calculated through Amazon’s VAT calculation services. The total sales price is the total sum paid by the buyer, including the item price, delivery, and/or gift-wrapping charges.

Amazon referral fee schedule

Category Old Referral Fee New Referral Fee Per-item Minimum Referral Fee (in Euros)
Additive Manufacturing 12% 12% 0.30
Amazon Device Accessories 45% 45% 0.30
Baby Products (excluding Baby Clothing) 15%

·         8% for products with total sales price up to €10

·         15% for products with total sales price over €10

0.30
Beauty 15%

·         8% for products with total sales price up to €10

·         15% for products with total sales price over €10

0.30
Beer, Wine & Spirits 10% 10% N/A
Books, Music, VHS, DVD 15%* 15%* N/A
Business, Industrial & Scientific Supplies 15% 15% 0.30
Car & Motorbike 15% 15% 0.30
Computers 7% 7% 0.30
Computer Accessories 12% 12% 0.30
Consumer Electronics 7% 7% 0.30
Cycling 10% 10% 0.30
DIY & Tools 12% 12% 0.30
Educational Supplies 15% 15% 0.30
Electronic Accessories 12% 12% 0.30
Flow Control & Filtration 12% 12% 0.30
Fluid Transfer 12% 12% 0.30
Food Service 15% 15% 0.30
Furniture & Décor 15%

·         15% for the portion of total sales price up to €200

·         10% for anything over €200

·         Excludes mattresses, which are 15% on the total sales price

0.30
Grocery & Gourmet 15%

·         8% for products with total sales price up to €10

·         15% for products with total sales price over €10

N/A
Health & Personal Care 15%

·         8% for products with total sales price up to €10

·         15% for products with total sales price over €10

0.30
Industrial Electrical Supplies 12% 12% 0.30
Industrial Tools & Instruments 12% 12% 0.30
Jewelry 20%

·         20% for the portion of total sales price up to €250

·         5% for any portion of sales price over €250

0.30
Large Appliances (excluding Microwaves and Range Hoods) 7% 7% 0.30
Material Handling 12% 12% 0.30
Metalworking 12% 12% 0.30
Musical Instruments & DJ 12% 12% 0.30
Renewable Energy Supplies 12% 12% 0.30
Software 15%* 15%* N/A
Sports & Outdoors 15% 15% 0.30
Tires 10% 10% 0.30
Video Games & Accessories 15%* 15%* N/A
Video Games-Consoles 8%* 8%* N/A
Watches 15%

·         15% for portion of total sales price up to €250

·         5% for any portion of total sales price over €250

0.30
Handmade 12%** 12%** 0.30
Everything else 15% 15% 0.30

*Beginning August 1, 2017, referral fees for media products were calculated on total sales price of a product, instead of the item price.

**For sellers on Amazon Handmade, the reduction of the referral fee from 15% to 12% applies through December 31, 2019.

eBay fee changes

eBay will be making changes to Final Value Fees and caps in the Home, Furniture & DIY, and Jewelry and Watches categories for business sellers as of July 11, 2019. The Final Value Fees will be reduced in the Home, Furniture and DIY categories. The fee cap for shop subscribers in Jewelry and Watches will be extended.

Changes in eBay Final Value Fees

Category Current Final Value Fee Rate New Final Value Fee Rate
Home, Furniture & DIY 10%

·         10% for portion of total sales price (including postage) up to £250

·         6% for any portion of total sales price over £250

Home, Furniture & DIY

Furniture

Bath

9% Final Value Fee (max. £40 for eBay Shop subscribers)

·         9% for portion of total sales price (including postage) up to £250

·         6% for any portion of total sales price over £250

·         Final Value Fee will stay capped at £40 for eBay Shop subscribers

Home, Furniture & DIY

Electrical Socket Adapters & Converters

Power Strips & Surge Protectors

8%

·         8% for portion of total sales price (including postage) up to £250

·         6% for any portion of total sales price over £250

Home. Furniture & DIY

Appliances

DIY Tools

Smart Speakers

5% Final value (max. £20 for Shop subscribers)

 

No charge for these categories
Jewelry & Watches 11% 11% Final Value Fee (with a cap of £50 for eBay Shop subscribers

Jewelry & Watches

Watches

10% Final Value Fee (max. £50 for Shop subscribers) No charge for this subcategory

eBay is also offering a discount on Final Value Fees for certain listings in their Health & Beauty category from July 11-September 30, 2019 for business sellers.

The post Amazon and eBay Reduce Fees in Europe and UK appeared first on The Payoneer Blog.

Read more on Payoneer
Posted on June 17, 2019
Join Us at The Payoneer London Forum This Thursday, June 20th!

The Payoneer Forum, Crossing Borders: The A-Z for eSellers Going Global is THIS Thursday, June 20th at the QEII Centre in London! If you’re looking to diversify your business by expanding to new regions, marketplaces, and partners, this is THE event for you.

This complementary forum invites local eSellers, experts, and businesses to hear from Payoneer’s global partner companies, who will provide you with the strategy and tips to expand your business internationally.

Our expert speakers and panelists include:

  • From Southgate to the Lionesses & Cricketers: A Path to Global
    Domination
    Jonny Steel, VP of Marketing, Payoneer
  • Crossing Borders: A Global Panel
    Moderated by Claire Taylor, CEO, SimplyVAT.com

    • Amazon – Kyle Daniel, Partner Associate
    • Cdiscount – Flavien Dore, Head of B2B Services
    • Mercado Libre – Jose Luis Hervás Fernández, Head of Cross Border Trade
  • Beyond Payments: Optimising Your Business to Expand Globally
    Daniel Mayhew, Country Manager UK, Payoneer
  • Navigating US Sales Tax
    Jake Estes, Solutions Engineer EMEA, Avalara
  • The Gateway to Russia
    Alex Vassilien, CEO, Yandex.Market / Bringly
  • Australia: No Longer a Long Distance Call
    Kyle Daniel, Partner Associate, Amazon
  • The Booming Latin America Region
    Jose Luis Hervás Fernández, Head of Cross Border Trade, Mercado Libre
  • The Post Brexit Gateway to France
    Flavien Dore, Head of B2B Services, Cdiscount
  • Top Tips for Crossborder Trade
    Barney Willis, Managing Director of Managed Partners, We Are Pentagon
  • Beyond the Now: The Future of eCommerce
    Moderated by Shelley Simone, Co Founder, Scaleforetail Ltd

    • Catch – Paul Laidler, Head of Merchant Acquisition
    • Newegg – Gareth Lloyd-Jones, Head of Europe Operations
    • Rakuten – Romain Roy, Head of B2B Sales

We only have a limited number of places left! Reserve yours by clicking below. See you on Thursday!

SIGN UP

The post Join Us at The Payoneer London Forum This Thursday, June 20th! appeared first on The Payoneer Blog.

Read more on Payoneer
Posted on June 16, 2019
Track your account and payments on the go with the Payoneer mobile app

At Payoneer, we understand your time is precious and that your day-to-day usually involves a lot of multitasking! The Payoneer mobile app is therefore the perfect complement to our web-based account, empowering you to manage your global payments on the go.

What can I use the Payoneer mobile app for?

The Payoneer mobile app is a constant work in progress as we strive to enhance functionality and add more valuable features that meet our customers’ payments needs. There are currently multiple actions you can take using the app, and this list is growing! Using the app, you can:

Track balances and transactions

See exactly what’s going on inside your account. Instantly check all your currency and card balances, track all account transactions, and view available funds on your prepaid card (if you have one).

Easily share receiving account details

Easily share your receiving account details with clients around the world to get paid via bank transfer. With the click of a button you can share your details through Whatsapp, Outlook, Messenger, or however else you choose.

Receive important notifications

Be notified immediately about key financial transactions, special offers, and other account activity by opting in to receive push notifications.

Access your information quickly and securely

Depending on the type of mobile device you use, you’ll be able to sign in quickly and securely with face or touch ID.

Refer friends to Payoneer

Share the love and earn awards by referring a friend to Payoneer. Using your phone’s social networking capabilities, you can quickly and easily invite a friend to explore our services.

Contact Customer Care

And if you have any questions at all for our Customer Care team, you can create and send support tickets from within the app.

Please note: Keep your app up to date with the latest version in order to enjoy new features and benefit from bug fixes.

The Payoneer app is available in over 20 languages, and is a fast, easy and convenient way for you to stay on top on your global payments on the go.

Go on, give it a try!

The post Track your account and payments on the go with the Payoneer mobile app appeared first on The Payoneer Blog.

Read more on Payoneer
Posted on June 13, 2019
Creating an Innovative eCommerce Business Idea

It’s no secret that eCommerce is a competitive industry. With more than five million sellers across all Amazon marketplaces and an estimated 543,000 new businesses starting every month, getting creative and standing out from the crowd is critical if you want to succeed.

Developing an innovative eCommerce business idea, however, isn’t always as easy as you might think. It requires identifying a market niche and seeing where it can be tweaked. To get your creative juices flowing when developing your own ideas, we’ll be looking at three companies in the fashion and food industries that got innovative with their eCommerce business ideas and are rapidly expanding as a result.

Micolet – 2nd Hand Designer Clothing at a Great Price 

online clothes shopping

Micolet is a booming online women’s second-hand clothing shop that offers a wide range of trendy and almost new clothes. The store currently brings in millions annually, employs nearly 50 people and has seen growth of around 150% in the past year.

The owners of Micolet developed their eCommerce business idea after realizing that they had nowhere convenient to sell their old clothing and accessories. Their approach to eCommerce fashion is innovative because, with a click of the mouse, customers from Europe can shop for second-hand clothing from other countries with up to a 90% discount. At the same time, they’re able to highlight the positive environmental impact of recycling old clothes.

Currently, the store is active in Spain, France, Portugal, the United Kingdom, Italy and Germany, with plans to expand to Poland and the Netherlands later this year. The platform currently has more than 200,000 items on offer and publishes more than 1,000 items for sale every day.

Picnic – Taking the Electric Car Revolution to Grocery Deliveries  

online grocery shopping

Online grocery shopping is a constantly expanding industry, and that’s especially true for Picnic, a Dutch online supermarket that delivers to 30 cities across the region. Picnic was founded in 2015 and has so far raised over 100 million euros in funding. It’s also recently expanded to Germany, and the plan is to launch its service in one new city at a time.

So, how does Picnic differentiate themselves from the competition? Their eCommerce business idea is innovative for two reasons:

  • Cost – Picnic offers free delivery on all orders of more than 25 euros, something that their competitors typically can’t match.
  • Delivery method – Picnic uses small electric cars to transport their groceries, saving them money on fuel and offsetting the costs of offering free deliveries.

GrubMarket – Taking a Creative Approach to Farm-To-Table  

farm to table

Farm-to-table food is having its moment, with consumers looking to get the highest quality products from small farms and local producers. The owners of GrubMarket saw an opportunity and have now become a kind of on-demand farmer’s market that has raised more than $89 million.

GrubMarket’s innovative eCommerce business idea involves sourcing food directly from local farmers and then selling it online to individual consumers and businesses, including restaurants, stores and offices. They also operate as wholesalers.

Mike Xu, GrubMarket’s CEO and founder said the company is currently operating on a $150 million annual run rate and he thinks this company has the potential to make $100 billion in eCommerce — definitely food for thought.

The Bottom Line

What do these successful eCommerce businesses ideas have in common? Necessity is truly the mother of invention, and these companies have found an innovative niche and a creative approach to solving a problem.

When looking at your business, and the niche you’ve chosen to work in, be sure to constantly reevaluate your store to identify where you can improve, change directions and innovate. Take a few notes from Micolet, Picnic and GrubMarket. By finding new ways to provide your customers with affordable products without any hassles or expensive fees, you’ll differentiate your business and help ensure your long-term success.

Looking for more innovative eCommerce business idea examples? Payoneer customers from all over the world have succeeded by identifying a market need and taking their own unique approach to eCommerce. Check out some of their success stories.

The post Creating an Innovative eCommerce Business Idea appeared first on The Payoneer Blog.

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