25 Jul

Payoneer

Payoneer

 

URL: https://www.payoneer.com

 

Description:

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.

 

Payment structure:

 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.

 

Special Features/Benefits:

Payoneer have a few whitepapers on their site which you can access, and get some advice on international payments.

 

Accreditation:

EUR: FSC

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

 

Offices In:

US, Hong Kong.

 

Awards:

 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

 

Recent Headlines:

Payoneer Invests in the UK; Unveiling London Office

ShareASale Partners with Payoneer to Power Global Payments

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