Payoneer
Payoneer, a company founded by Yuval Tal in 2005, is on the leading edge of technology and has revolutionised banking to date. Payoneer is responsible for enabling hundreds of thousands of businesses and individuals to receive millions of payments around the world by providing fast, secure and efficient online payments globally, in USD, via prepaid Mastercard® cards. A Payoneer customer therefore avoids delays and costs associated with traditional banking methods. A Payoneer recipient must be over 18 years of age to apply for a card online from any Payoneer partner. Any individual with the recipient’s card number and email address can load funds into the card. The card holder can be anywhere in the world and does not require a bank account. Users can make purchases using the Payoneer card anywhere where Mastercard® debit cards are accepted and can make cash withdrawals from regular ATM machines. The card can be co-branded with the employer’s logo.
Approximately $500 million in transactions are made annually across more than 210 countries worldwide and the company is growing by 100% annually. Payoneer uses First Covenant Bank and Choice Bank Limited as its issuing banks and serves all web-based companies, freelancers and affiliate markets. The most common end-users are independent contractors and commission based earners.
The Payoneer system promises a complete online payment solution for the whole payment cycle, including registration, delivery, finance and reporting, offering efficient compensation to suppliers and partners online.
Businessman and entrepreneur, Yuval Tal, the founder and president of Payoneer, has gained many years of experience and expertise in technology, online payment solutions and start-ups. Prior to Payoneer, Yuval co-founded E4X, which was considered as one of the first online service providers of efficient e-commerce solutions. He grew E4X into a half a billion dollar company, which was later rebranded FiftyOne, and provided online payment services solutions worldwide. Payoneer has its headquarters in New York and its R&D facility in Israel.
My Links
- Processing $500 Million A Year, Payoneer Launches Local Money Transfers
- Paying the World with Payoneer
- Payoneer on Odesk
- Payoneer on Vator
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