Payoneer was established in 2005, trades in 200 countries, with 150 currencies, and offers 24/7 support for its customers. They’ve also got offices in 12 countries, the central office being in New York.
Payoneer focus on international B2B transactions.
Free to open an account?
Yes, but we’re awaiting full clarification on this, as it looks like there’s a charge to set up a trading account in a different country. We’ll update when we clarify.
3% on credit card (all currencies) and 1% on eCheck (US only).
Same Day Payments?
They say that transfers take 1 – 3 business days.
Minimum Transfer Amount:
We can’t find this information on the website, but as it’s a B2B service, we think there would be a minimum.
Where You Can Transfer To:
200 countries, 150 currencies – you can probably transfer where you need to.
Payoneer have a few whitepapers on their site which you can access, and get some advice on international payments.
USA: Financial Crimes Enforcement Network (“FinCEN”)
Hong Kong: Hong Kong Customs and Excise Department.
Japan: Kanto Finance Bureau
US State-specific license info:
Licensed as a Money Transmitter in 48 US states.
Licensed as escrow agent by California, Arizona and Idaho
US, Hong Kong.
2017 Red Herring North America: Top 100 Winner (could be anywhere from 1 – 100)
Featured in Inc. Magazine’s Best Workplaces 2017
CNBC Disruptor 50 List 2017
PYMNTS 2017 Innovator Awards, Best Small Business Innovation Category
Owler’s Hot in New York Award 2016
People’s Choice Award for Best Financial Services Company 2016