Payoneer has announced that it is helping direct selling industry leaders to pay their international distributors.
Ecommerce sites provide a marketplace for international affiliates and vendors to sell software, games, digital goods and online services without having to set up merchant accounts. These vendors and affiliates depend on online payment processors for international vendors payments.
Payments made through bank checks and international wire transfers require the recipient to 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. As online businesses are increasing relationships with vendors and affiliates in countries such as Brazil, Russia, India and China, ecommerce payment processing is even more complicated as local merchants may not readily have bank accounts with US affiliated banks and the international wire transfers and check processing can reach $20-$40 per payment.
Payoneer’s ecommerce payment solution uses a global prepaid MasterCard®. The funds will be available on the prepaid card immediately 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.
Payoneer’s Prepaid MasterCard is a turn-key, safe, efficient and cost-savings international payment gateway. Ecommerce businesses such as Plimus, 2Checkout and Avangate currently offer Payoneer’s prepaid MasterCard for ecommerce payment processing. To receive a customized offer, please contact Payoneer at sales@payoneer.com
