Payoneer has announced that it is helping direct selling industry leaders to pay their international distributors.
Online companies are increasingly employing contractors, affiliates, freelancers and publishers from other countries as a part of their businesses. This has created a need for affiliate payroll. Affiliate commissions can be paid through bank checks and international wire transfers. For these types of payments, the recipient must have a bank account, wait several hours to several days for transfer completion, or several weeks for an international check to clear. There are fees for each transfer and the payee must maintain bank accounts with US affiliated banks, usually with regular and substantial fees. Especially in developing countries like Brazil, Russia, India and China, payments are even more complicated as locals may not readily have bank accounts with US affiliated banks, and the international wire transfers and check processing can reach $20-$40.
Through Payoneer’s private label debit cards-affiliates, freelancers, vendors and publishers commission & payout is immediate with a minimal load fee. The recipient may use the prepaid MasterCard everywhere MasterCard is accepted at Point-of-Sale or online, free of charge, and may withdraw funds in local currency at an ATM for a nominal charge. AOL, Media Whiz, Media Shakers and Conduit currently offer Payoneer’s prepaid MasterCard for affiliates commision payments.
The turn-key, safe, efficient and cost-savings solution is a great alternative for any web-based business requiring affiliate payments. For further information and to receive a customized offer please contact Payoneer at sales@payoneer.com
