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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 April 17, 2019
Attracting Foreign Clients to Your BPO Agency (Webinar)

Payoneer recently hosted a live webinar from the Philippines on the topic of Attracting Foreign Clients to Your BPO Agency.

Payoneer’s Miguel Warren and founder of Outsource Accelerator, Derek Gallimore discussed the BPO industry (business process outsourcing) and the idea of creating a one world marketplace by outsourcing.

WATCH NOW

Gallimore describes how millions of SMBs around the world are growing at a fast pace and that outsourcing services are in high demand. By 2030, more than 30 million global jobs will be generated. As our economy continues to move towards work that relies on software and apps, more work will be done online and remotely, increasing cross-border employment.

Below are some key takeaways from the webinar.

  1. Rapid Globalization – Our world is becoming increasingly interconnected and globalization has given us the ability to create a one world market. No borders, no limits, just one global network.
  2. SMBs are the future – Small to medium-sized businesses (SMBs) make up around 95% of companies globally and 60% of the current workforce. SMBs have become increasingly focused on outsourcing high-value work processes, seeking colleagues of all professions, not just drones.
  3. Go Digital – The outsourcing industry consists of customers all over the world, meaning your business needs to be completely digitally savvy, more than most industries. Building a strong digital presence is significant for success and gaining new clients.

To learn more about how to attract foreign clients to your BPO agency, watch our webinar today!

WATCH NOW

The post Attracting Foreign Clients to Your BPO Agency (Webinar) appeared first on The Payoneer Blog.

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Posted on April 16, 2019
Benefits of Paid and Organic Social Media Advertising

If you have a growing business and finally have the resources to invest in marketing, you’ll want to ensure that you advertise in a way that maximizes your budget and ROI using optimal advertising channels.

For most businesses, the must natural advertising channel is social media, and rightfully so.  Experts believe that by the end of 2019, over 2.77 billion people will be on social media networks, and by 2021 that number will exceed 3 billion.  In the U.S alone, almost 80% of the entire population is on social media.

Small businesses can use social media advertising to increase brand awareness and connect with potential customers, making it an effective marketing channel.

Choosing the Right Social Media Platform

The decision to invest in social media advertising is not so simple; there are multiple platforms, each of which has its own pros and cons for small businesses, depending on their industry, goals and budget.

Over 92% of small businesses plan to grow their social media advertising budget in the upcoming years. Most companies (58%) plan on increasing investment in Facebook, followed by YouTube (39%) and Instagram (39%).

When examining social media channels to advertise on, remember the following questions:

  • Where is my target audience?
  • What are my advertising goals?
  • How much am I looking to invest?

Knowing the answer to these questions will help you understand what channel will help you optimize your advertising budget to get the results you want.

For example, if you are a design agency looking to increase brand awareness and showcase your work, you might want to invest in Instagram, which is the most popular visual-based social media platform. If you have a software agency and are looking to establish yourself as an industry expert to appeal to businesses abroad, consider investing in video creation and distributing them on YouTube.

Benefits of Paid Advertisements

If you want to reach quantifiable goals, paid social media advertisement campaigns are the way to go. Paid social media campaigns can be launched to generate leads, increase likes, boost engagement, drive to your website or even convert. Because of this, it is the most powerful tool for small businesses looking to meet goals.

Increase Your Reach

Paid social media advertising is the best way to expand reach, especially internationally. Paid campaigns let you control the target audience and location of campaigns, giving you the ability to instantly reach your precise audience at the exact place where you think they are. This is because paid advertisements guarantee feed visibility, so you know your potential customer will see your campaign.

Suits Any Budget

Paid social media campaigns can be launched at any budget, making them an excellent solution for small businesses of all sizes. Most social media channels offer a pay-per-click model that can be used to ensure that your spending limit is never exceeded. The average price per click on Facebook is $1.72, and on Instagram, the average cost per click is $6.70. If you are looking to spend less, this makes Facebook the clear winner. However, if you are looking for increased engagement, you may still want to consider Instagram since the social media channel tends to yield higher engagement.

Maximize Content Marketing Effectiveness

If you invest in creating content for your customers, paid social media advertising is a great way to maximize the effectiveness of your content marketing. This is because you can push a particular content piece (such as an eBook or article) to relevant audiences based on their interests. Doing so will increase your brand visibility and content marketing effectiveness.

Get More Market Insight

When you have an advertising budget, you can use that budget to learn even more about your audience thanks to paid social media campaigns. Campaign results can provide your business with valuable market insight about your industry and your audience. Facebook, for example, provides insight into ad performance, including results over time. You can use this information to see engagement across different locations, age brackets and interests. As a result, you’ll be able to create hyper-segmented marketing content for your exact audience.

Benefits of Organic Advertising

While paid advertisements dominate the social media scene, and even though only 4% of organic posts are seen, unpaid advertising still has a lot of benefits for small businesses, namely that it’s free – or mostly free.

When building an organic advertising strategy, it’s important to remember that just because you are not investing actual funds into the advertising, it will cost you in time and resources.

Successful organic advertising strategies involve multiple organic posts a week of high value to their audience. Posting for the sake of posting won’t help build your brand and will not be an effective growth strategy.

Focus on Brand Value

Perhaps one of the most important benefits of organic social media advertising is the ability to showcase your brand value. Since paid advertising campaigns often focus on a quantifiable goal (such as clicks, leads, conversions, etc.), organic campaigns can be value-focused. As a result, they can strengthen your customers’ connection to your business by explaining your brand value more effectively.

Attract Talent

If you are looking to grow your team alongside your business, organic social media campaigns can be a great way to do so. By showcasing your team and highlighting in-office activities, you will be able to show potential employees the type of work culture your business has.

Showcase Unique Brand Style

Potential customers should be able to get a clear understanding of your unique brand style just by visiting your social media page. This is a powerful way to showcase your key differentiators in an organic (and cost-effective way).  Organic advertising on social media lets you express your brands creative and fun side without sacrificing resources.

Build a Community

Small businesses looking to build a community will benefit from organic social media advertising. As you share content on your social media channels, engagement will increase. By interacting with your followers, addressing any concerns they may voice, and continually sharing added value content you will be able to build more than followers – you will be able to create a community. Not only will this strengthen brand loyalty, but it will increase trustworthiness and establish validity for potential clients, making it a clear win-win.

Do You Need Paid or Organic Advertising for Your Business?

Trick question – you need both. Organic campaigns are a great way to nurture relationships and build brand awareness; however, paid social media campaigns are the way to go if you are looking for quantifiable results.

That is why growing businesses looking to continue in the right direction need to have a social media advertising strategy that includes both organic and paid campaigns.

The Payment Landscape

As one of the leading payment platforms in the world, Payoneer can help your business expand throughout the world. To learn more, click below, and feel free to contact us with any questions you might have.

Learn how Payoneer helps you sell anywhere in the world!

The post Benefits of Paid and Organic Social Media Advertising appeared first on The Payoneer Blog.

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Posted on April 11, 2019
Payoneer Hosts NYC Fintech Women Meetup

This week, Payoneer along with NYC Fintech Women hosted an engaging meetup event during New York Fintech Week. 75 participants attended, bringing together innovative women in fintech to network and discuss everything from wealth management to payments and more. Attendees were able to share different ideas and opportunities as well as help inspire one another.

Payoneer’s Jody Perla, together with Amanda Kosonen and Irina Marciano, held a detailed discussion about globalization and Brexit, and its impact on the foreign exchange and online payment space. The subject of the panel was called The Global Geopolitical Landscape: What’s happening in the global markets and how it impacts the payments industry”, in which the three spoke about how Payoneer enables small and large businesses to receive fast and secure payments across borders.

Fun fact taken from the meetup – over 50% of Payoneer’s global team is made up of women!

Jody and Amanda enlightened participants on how Brexit effects a company’s global operations, specifically in the UK and EU, as well as the challenges for global companies to switch to different regulations such as GDPR or legal considerations.

In fact, for our post, Jody shared with us about a time she had a scheduled trip to the Ukraine and due to the country’s Martial Law, she canceled and flew to Paris instead. Upon her arrival in Paris, Jody found herself in the middle of a huge violent city-wide protest! As for trying to choose the “safer” location, she ended up in a very scary situation, which comes to show just how much instability there is and the changing nature of geopolitics. Talk about a challenge!

Besides challenges in certain markets, international expansion provides huge opportunities for growth, where Jody discussed how to determine which countries to focus on as a business. A high-level view of a global growth strategy should be in place when determining which countries to aim for.

Overall, we were delighted to host everyone for this highly engaging and amazing meetup! Thank you to everyone that attended, and we look forward to many more meetups with the NYC Fintech Women Community!

The post Payoneer Hosts NYC Fintech Women Meetup appeared first on The Payoneer Blog.

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Posted on April 10, 2019
Plan Ahead for the Summertime Lull

During the summer, time seems to move a little slower, and not just for parents. Freelancers often suffer from a summertime lull, seemingly bringing operations to a halt.

When this happens, budgets might be tighter and incoming work may go down; however, it doesn’t mean that this is the end of your business. All that you need to do is remember that the summertime lull is something that is recurring, and as a result, can be planned for and (somewhat) avoided.

Wondering how you can prepare your business for the summertime lull already?

Budget it In

The most challenging thing to manage during the summertime lull is your balance sheet. If you have salaried employees alongside ongoing regular expenses, the sudden decline in income could tip your business into the red zone.

By budgeting into your yearly plan a decline in revenue generation during the summer months, you will effectively be budgeting in the summertime lull. The best way to do that is by talking to your bookkeeper or accountant and setting up seasonal budgets. See what expenses you can reduce during the summer, and what expenses can be paid off during peak season.

If you do not have salaried employees and only need to worry about paying your bills, separating business and personal spending could be a great way to plan your budget for the summertime lull. By doing so, it will be easier to track business spending in advance and anticipate the costs you will have to cover during the slow season.

Secure Retainers

Retainers are a great way to reduce the impact of the summertime lull as well as you grow your business. Unfortunately, many companies do not like to commit to an hourly bank that they fear they may not need.

To secure a steady income, consider packaging retainers as something else. By bundling your deliverables, building a subscription, or creating an ongoing service model, you may be able to secure more retainers and reduce the impact the summertime lull has on your business.

In other words, instead of trying to get your client to agree to a retainer based on a bank of hours, offer them customized deliverables based on their unique needs. If you are a graphic design business providing companies with banners and landing pages for example, build a package based on a bank of deliverables that will reduce the overall costs and maximize their efficiency.

When operating any type of recurring payment model, it is important to provide your clients with a monthly report showcasing your output for their expenditure. Doing so will help validate the expense and remind them of the value you provide.

Invoice at Completion and not Commission

One great way freelancers can ensure revenue generation continues during the slower season is by adjusting payment structures for different clients.

While many freelancers choose to get paid upfront or collect a bulk of a project sum in advance, shifting your pay structure may help you survive the summertime slump.

Instead of collecting the majority of the payment when a project is commissioned, if you invoice a client when the project is complete, depending on the agreed payment terms, the revenue for that project may come in just in time for the summertime lull. Shifting payment models can also help your clients since it will enable them to defer payment, creating a win-win situation.

It is important to remember that any payment structure you choose should be done in agreement with your clients and should always be in writing in a contract or other legal document.

Upsell to Past Clients

Remember that client you worked with a long time ago? They may have forgotten about the great service you provided them, and there is no better time to remind them than during the summer.

Touch base with old clients and see if they need additional services. If you expanded your offering or skills, be sure to point that out.

Do not let your clients feel like they are receiving a cold call or email; instead, take the time to catch up on their business and when reaching out, provide specific examples of how you can help. For instance, if you supplied a particular company with website copy, check out their website and their digital activities and see if their content needs updating. If so, provide them with an ‘upgrade’ offer.

Even if they don’t need that particular service, reaching out may remind them of other tasks that you can help them with, creating a win-win situation.

Focus on Your Business

While a little bit of downtime may seem like a big deal on your budget, the summertime lull is a great time to focus on your business before the post-summer peak kicks in.

Take the time to spruce up your own website, tweak your offerings and build your brand. If you neglected your email marketing campaigns, now is the time to create campaigns for the next quarter in advance.

The summertime lull is also a great time to make software changes and integrate new tools. For example, if you want to start using a lead generation system, or want to shift to a new payment solution, you’ll want to do so during the summer.

No matter how you choose to approach the summertime lull, it is important to do so calmly and in advance. Remember that summer comes and goes, but your freelance business is here to stay.

The payment processing services offered by Payoneer are an excellent support for freelancers to efficiently collect income during all seasons of the year.

Freelancers, get global payments easily from marketplaces and clients with Payoneer»

The post Plan Ahead for the Summertime Lull appeared first on The Payoneer Blog.

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Posted on April 8, 2019
Tips to Sell More This Easter

Easter is quickly becoming one of the most important retail days of the year, and for a good reason; In 2016, U.S consumers spent over $17.3 billion during the Easter holiday weekend, with millennials spending the most out of all age groups.

Because of the revenue generation potential, more and more businesses use the holiday weekend for promotions and specials, and your online store should be no exception.

eSellers should view Easter weekend as a great time to unload winter inventory, gain new clients and increase revenue generation.

If you’re late to the game or want some last-minute tips on how to boost your Easter campaigns, all you need to do is continue reading below >>

Make Everything an Egg Hunt

When consumers think about Easter, they may not think about shopping, but they do think about egg hunts. Use that to your advantage and create a digital Easter egg-hunt, only instead of finding eggs, let your consumers find exclusive offers and discount codes.

Consider sending out email campaigns leading up to the digital egg hunt and providing past clients with an added incentive to come back to your online store for Easter specials. Other places to “hide” your digital Easter eggs include on specific product pages, on social media sites and your homepage.

One of the most important things to remember is that egg hunts are fun, and so any digital Easter egg hunt should have an element of gamification.

Upsell by Creating Bundles

Since shoppers are more inclined to shop over the holiday weekend, a great way to boost revenue is by creating product bundles. Bundling is a top strategy to increase sales, and holiday weekends are a great time to take advantage of this.

By placing together top items with products your customers may have overlooked, and creating an attractive offer for both, you are increasing revenue generation potential as well as the chance of unloading inventory.

Bundles do not have to be for past seasons inventory only; Easter weekend bundles can be an excellent opportunity to increase new product awareness at special prices.

Make sure to create bundles with careful consideration for the package content and the holiday weekend. Otherwise, your bundles will not be an effective revenue generation tool. Consider creating a gift-bundle for shoppers to purchase for friends and family over the holiday weekend to maximize upsell potential.

Ship Quickly

Online shoppers shopping in the days (and even hours) before Easter may be purchasing for their friends and family and not just for themselves.  Because of this, it is essential to offer expedited shipping options.

If you are not part of a quick fulfillment program, such as Fulfillment by Amazon (FBA), consider joining ASAP to ensure you can offer your customers fast shipping on all products purchased during the holiday weekend.

Maximize Marketplace Listings

If you sell your products on an online marketplace such as Amazon, eBay, etc., take the time to optimize your product listings for the holiday weekend.

Many eSellers will be competing over products during Easter weekend, which is why your product listing is crucial. Make sure to include holiday buzzwords and top searched-for terms in your product listings.

If you are running special holiday offers, include them in your listing. Remember to use descriptive language and visuals that are Easter appropriate to maximize visibility and sale potential.

Remember the Candy

Aside from Easter egg hunts, candy is a big part of the holiday. Use that to your advantage and offer “candy” to all consumers.

Whether this means real candy that you include in your packages or additional offers such as discount codes, make sure to provide consumers with something extra sweet this Easter.

Top Tips for Amazon Sellers

If you are one of the millions of eSellers that sells goods on Amazon, you will have to work extra hard to stand out during Easter weekend. Aside from optimizing product listings in advance and making sure to have holiday specific content and visuals, you should make sure you are eligible for Amazon Lighting Deals.

Since lighting deals are special time-sensitive promotions, they are perfect for Easter weekend. To participate in Amazon lightning deals over Easter Sunday, your store must have a sale history with a minimum 3.5-star rating.

The Payment Landscape

Easter sales are not country-specific, and as such, you may see more international consumers purchasing goods on your online store. To make sure currency exchanges, VAT payments, etc. do not impact your revenue generation negatively, make sure you have an international payment solution in place.

As one of the leading payment platforms in the world, Payoneer can help you during the Easter holiday. To learn more, click below, and feel free to contact us with any questions you might have.

Learn how Payoneer helps you sell anywhere in the world!

The post Tips to Sell More This Easter appeared first on The Payoneer Blog.

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