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Case Study - oDesk

oDesk

About oDesk
oDesk is the world's largest online workplace, creating opportunities for people to work together without geographic limits, and providing the tools they need to get the job done. The oDesk online workplace allows businesses to find, hire, manage, and pay talented contractors from around the world, while giving a worldwide community of skilled workers access to jobs that are personally, professionally, and financially rewarding. oDesk has hundreds of thousands of jobs posted monthly, allowing people around the world to find work, cultivate business relationships, and grow their careers. According to oDesk data, contractors on average increase their hourly wage almost 60% in the first year of working on oDesk, and close to 190% over three years. Some of the most requested skills on oDesk include web programming, search engine optimization, mobile apps, graphic design, writing, customer service and support, and web design. oDesk’s unique approach guarantees that an hour worked is an hour paid, while also guaranteeing that an hour paid is an hour worked.

The Challenge
With more than 240,000 contractors residing outside the United States, oDesk faced the challenge of paying the many thousands living in locations with unreliable banking networks and a lack of wire transfer capabilities. It needed to find a means of providing its contractors with immediate access to cash in hand. The company sought a fast, secure and cost-effective solution that would allow it to make automated global payments.

The Solution
Given oDesk’s vast network of contractors located in virtually every country around the globe, Payoneer’s unique ability to support prepaid cards in every one of those countries is a major added value.


The Prepaid Card allows automated and immediate global payouts to all oDesk contractors worldwide. Using the Prepaid MasterCard® Card, powered by Payoneer, more than 240,000 oDesk contractors worldwide can now easily access their payments by making purchases online, in stores, and at ATMs in over 200 countries in which their alternatives are limited, very costly, or simply nonexistent.

The Results
By offering the Prepaid MasterCard® card, oDesk can provide contractors with a faster, simpler and more secure means of accessing their earnings. Since 2010, the company has increased the number of contractors who receive their earnings via the Payoneer card by 150% (and its total volume amount by 200%), with the greatest growth occurring in Belarus, Colombia, Pakistan, the Russian Federation and the Ukraine.