Businesses are increasingly employing freelancers for web programming and design, marketing, writing, translation and other online technical expertise. Online businesses have access to freelancers across the globe creating a need for global mass payment. Freelance payments can be made through direct deposit, bank checks, international wire transfers or PayPal. 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, international 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. PayPal is not an option in every country and its cross-border charges add up quickly.
Through Payoneer’s private label prepaid MasterCard, a freelancer’s online payment 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.
The turn-key, safe, efficient and cost-savings global money transfer solution is a great alternative for any web-based business requiring online payment services for freelancers and affiliates. Companies that work with online freelancers such as oDesk, Guru.com, Elance, GetAFreelancer and RentACoder rely on Payoneer’s prepaid card solution. For further information and to receive a customized offer please contact Payoneer at email@example.com