Payoneer Selected by Amazon to Expand Cross-Border Payment Options in Select Countries
(Thomson Reuters ONE) -
Expanding Cross-Border Payment Possibilities for Sellers in 24 Countries Allows
Amazon to Improve Customer Experience and Drive Global Expansion
NEW YORK CITY, Nov. 4, 2015 (GLOBE NEWSWIRE) -- Payoneer Inc., a leading online
payments company transforming the way businesses send and receive cross-border
payments, has been selected by Amazon to expand cross-border payment options to
sellers from 24 countries(1) who sell on marketplaces in the U.S., Spain,
France, Italy, Germany and the UK. As a featured payment solution for select
countries within Amazon Seller Central, Payoneer provides a simple and
convenient way for sellers from top markets including China, Japan and South
Korea to receive their Amazon disbursements.
In cooperation with Payoneer, Amazon now allows sellers to sign up for Payoneer
directly from Amazon Seller Central. Upon Payoneer registration, sellers receive
online accounts that can collect Amazon disbursements, and that provide access
to these disbursements through local bank account withdrawal or through the use
of a Payoneer MasterCard®. This alliance marks the first time that Amazon has
expanded Seller Central cross-border payment capabilities through alliance with
an external payment solution.
"We're very excited to work with Amazon and support the needs of the rapidly
growing cross-border e-tailing community by providing efficient and easy
payments," said Scott Galit, CEO of Payoneer. "Amazon is the driving force in
empowering the world of ecommerce by connecting buyers and sellers from all over
the world. Today, marks yet another step in our mission to streamline every step
of the payment cycle for both marketplaces and sellers."
Projections* show that eCommerce sales will reach $3.5 trillion within the next
five years (12.4 percent of total retail sales) as more people around the world
come online. With sellers in more than 100 countries, Amazon continues to remove
barriers for its international sellers, enabling them to get paid locally as
they grow their businesses worldwide.
Amazon sellers can get more information about Payoneer's payments solution, as
well as a payments tutorial, on the Payoneer blog: blog.payoneer.com.
About Payoneer
Payoneer empowers global commerce by connecting businesses, professionals,
countries and currencies with its innovative cross-border payments platform. In
today's borderless digital world, Payoneer enables millions of businesses and
professionals from more than 200 countries to reach new audiences by
facilitating seamless, cross-border payments. Additionally, thousands of leading
corporations including Amazon, Google, Airbnb, UpWork and Getty Images rely on
Payoneer's mass payout services.
With Payoneer's fast, flexible, secure and low-cost solutions, businesses and
professionals in both developed and emerging markets can now pay and get paid
globally as easily as they do locally. Founded in 2005 and based in New York,
Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000's
Financial Services companies. For more information, visit us at www.payoneer.com
or follow us on Twitter and Facebook.
1. Amazon Seller Central features Payoneer as a cross-border payment solution
when sellers on marketplaces in the U.S., Spain, France, Italy, Germany and the
UK elect to disburse to bank accounts in the following countries: China, Japan,
South Korea, Thailand, Taiwan, Israel, Albania, Sweden, Turkey, South Africa,
Argentina, Colombia, Russia, Malaysia, Mexico, Pakistan, Indonesia, Brazil,
Nepal, Jordan, Sri Lanka, Vietnam, Cambodia, and Laos
* https://www.internetretailer.com/2015/07/29/global-e-commerce-set-grow-25-2015
CONTACT: For additional information: Ilana Stemmer, Payoneer
ilanast(at)payoneer.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Payoneer via GlobeNewswire
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