Service Content

1. Receive payments from major platforms around the world, and support fast fund arrival, payment of service provider fees, and free VAT payment;

2. Users can enter emerging markets and expand their sales network through Payoneer's global platform resources and industry omni-channel closed-loop payment functions;

3. Payoneer can provide a one-stop payment solution, including payment to service providers, free payment of VAT, connection with ERP financial management, sending payment requests to overseas partners, etc.

Scope of application

Payoneer accounts can receive payments from Amazon, eBay, PayPal, independent websites, Shopee, Jumia, Souq, Joom, Walmart, Noon, Wish, Lazada, CDiscount, Newegg, AliExpress, Yandex, factorymarket, Mymall, PriceMinister, Tophatter, Rakuten, JD International, and all other popular cross-border platforms at the same time.

Classification

The nature of a P card is a physical card + virtual account.

The physical card is a prepaid MasterCard physical card with cash withdrawal and spending functions;

The virtual account is used to receive funds and has the function of receiving payments. The virtual account of the P card has been opened for receiving payments in US dollars, British pounds, euros, Japanese yen, Canadian dollars, and Australian dollars, and can receive funds from American companies, European companies, and Japanese companies online.

Annual Fee

Payoneer accounts are divided into card accounts and cardless accounts.

Card account: Only for individual applicants, annual fee $29.95.

Cardless accounts: Applicable to both enterprises and individuals. When registering a cardless account, Payoneer will not mail a physical P card to the user. The user only needs to activate the Payoneer account online, and there is no annual fee. However, since there is no physical P card, it is naturally impossible to shop on domestic and foreign websites, and it is impossible to withdraw cash or swipe the card.

Cross-border e-commerce platform for payment collection

Funds from popular domestic and foreign cross-border e-commerce platforms such as Amazon, Lazada , Wish, CDiscount, Newegg, Shopee , Tophatter, Linio , Jumia, Priceminister, Bellabuy, Mobuy, Ensogo, and JD.com. Almost all platforms that attract investment in China, except AliExpress and eBay, can use Payoneer to receive payments.

Safety and security

Payoneer holds an MSB (Money Service Business) license issued by the U.S. FinCEN (Financial Crimes Enforcement Agency), and needs to apply for and obtain a Money Transmitter license in all 50 states of the United States. Payoneer is also an E-Money Issuer (Electronic Money Service) registered by the European FAC (Financial Conduct Authority). In addition, Payoneer also holds a Hong Kong MSO license and a cross-border trade pilot license (partner) from the State Administration of Foreign Exchange of China.

Every inflow and outflow of funds must comply with MSB/FAC requirements (OFAC List, AML Policy, Electronic Money Regulations 2011) and be subject to random audits and regular internal/external risk control department reviews.

Team members

With 1,200 employees in 17 offices around the world, Payoneer works tirelessly and collaboratively to achieve one ultimate goal: helping our customers succeed.

Honors

In 2015, Payoneer won the "New York Best Workplace Award" awarded by Koren.

In 2016, Payoneer once again won the "2016 Best Workplace Award".

In 2016, Payoneer won three Stevie Award medals, becoming the best financial services company, and won the gold medal in the U.S. People's Choice category and the bronze medal in the International Business Awards.

In 2016, CJ Alliance’s Best Strategic Partner.

In July 2019, the fourth 2019 Fintech Forum was held in Shenzhen, and Payoneer was awarded the "2019 Fintech Influential Enterprise" award.

Development History

In October 2014, Payoneer and Wish officially confirmed their partnership!

On July 1, 2015, Lazada and Payoneer officially cooperated.

Since August 2015, Payoneer has become Amazon's only partner for third-party payment collection.

In September 2015, the US financial services company Payoneer officially reached a cooperation with Newegg, becoming the official channel for the latter to lend to cross-border sellers.

On October 23, 2015, Payoneer officially launched the British pound account.

In April 2016, Payoneer officially launched the Japanese yen account.

In September 2017, Payoneer officially launched the Canadian dollar account.

Starting from November 2017, Payoneer will gradually open Australian dollar payment accounts to users.

In late December 2018, Payoneer officially announced that its corporate QQ has been officially launched, providing users with great consulting convenience.

In 2019, Payoneer announced that it has officially completed the upgrade of its brand strategy, launched the "Anying Club" plan for Chinese cross-border e-commerce sellers, and upgraded the "Anyingtong" balance quick direct payment service and the "Olive Branch Plan" that provides fast entry services to cross-border e-commerce platforms.

Financing

In January 2005, Payoneer received US$2 million in seed round financing.

In March 2007, Payoneer received US$4 million in Series A financing.

In July 2008, Payoneer received US$8 million in Series B financing.

In June 2012, Payoneer received Series C financing, and the specific amount was disclosed.

On June 10, 2014, Payoneer received a US$30 million Series D investment, with Ping An participating in the investment with US$5 million.

On August 12, 2015, Payoneer received US$50 million in Series E financing, led by TCV, with existing shareholder Susquehanna Growth Equity continuing to participate.

In October 2016, Payoneer completed a US$180 million Series E financing round, led by venture capital firm Technology Crossover Ventures and participated by its existing shareholder Susquehanna Growth Equity.

On December 6, 2017, Payoneer, a leading global innovative cross-border payment company, officially announced that it had received a strategic investment of more than US$220 million from China's well-known investment fund CBC.

References

• 1. [Financing Event] US payment company Payoneer received $180 million in Series E financing: E-Commerce Research Center [cited on 2016-11-02T16:00:00.000Z]
• 2. Payoneer completes $180 million in Series E financing, and currently has no plans to go public: Sohu [cited on 2016-10-04T16:00:00.000Z]
• 3. Payoneer Enterprise QQ is officially launched, making customer consultation more efficient and convenient: Sohu [cited on 2019-02-10T16:00:00.000Z]
• 4. Payoneer receives strategic investment from Broadband Capital to accelerate its layout in the Chinese market: Chuangyebang [cited on 2017-11-28T16:00:00.000Z]