Payoneer

Guru.com Extends Payout Suite Through Partnership With Payoneer

The Guru.com Prepaid MasterCard® Option powered by Payoneer
streamlines payment to global freelancers.

Pittsburgh, PA, March 10, 2009 – Guru.com, the world's largest online marketplace for freelance talent, announced that it has partnered with Payoneer, Inc. to provide its freelancers with the option of receiving their payments on a reloadable Guru.com Prepaid MasterCard® card. With the new option, freelancers worldwide are expected to benefit from faster, safer and more convenient access to their earnings.

The Guru.com Prepaid MasterCard grants freelancers all of the advantages of a traditional payment system while minimizing the hassles and delays of brick-and-mortar-based methods. Payoneer's service provides a global-friendly alternative to receiving payments by checks, wire transfers and other online payment methods, allowing freelancers faster and easier access to their funds. Freelancers benefit by having immediate access to their money while avoiding the hassles associated with lost or stolen checks, hold times and fees. Additionally, cardholders can spend and/or withdraw funds in their own currency worldwide without the need for a bank account.

Cards bear the Guru.com logo on top, and can be used worldwide at any store, ATM, or online location where MasterCard debit cards are accepted. If a card is ever lost or stolen, Payoneer will cancel the card and transfer the remaining balance to a new replacement card. An online site allows freelancers to check their card balances and card account activity easily at any time.

"Guru.com understands that getting paid promptly is more than just a courtesy for freelancers worldwide," said Stacy Norman, manager of user support operations for Guru.com. "By partnering with Payoneer, Guru.com provides another way to ensure that all our freelancers - international and domestic - can access their earnings quickly and safely."

"Guru.com's work shows how a smart company can turn the payment process into a valuable branding tool, while reducing the cost and complexity of international payments for its users," said Yuval Tal, CEO of Payoneer. "It typifies the leading firms in a variety of industries that are moving quickly to offer international payment approaches that better fit their recipients' needs while also reinforcing their brand identity."

About Payoneer

Founded in 2005, Payoneer Inc. provides hosted payout solutions for companies that pay people worldwide using prepaid debit MasterCard®, wire transfers, and e-checks. The company targets affiliate networks, video sites, Internet payment service processors (IPSPs), and any other company that pays out to people on the Internet. Payoneer is a registered MSP with MasterCard Worldwide, and an approved partner of Royal Bank of Scotland, with its RBSLynk solution, and First Bank of Delaware. The company is based in New York, maintains its R&D center in Tel Aviv, and is privately held. For more information, please visit www.payoneer.com.

About Guru.com

Guru.com is the world's largest online marketplace for freelance talent. Founded in 1998, Guru.com connects businesses with freelancers specializing in over 160 professional categories including the following: website design, programming, graphic design, business consulting, and administrative support. Employers seeking professional expertise locally, nationally, or globally get quotes from Freelancers on their contract work for free. MasterCard is a registered trademark of MasterCard International Incorporated. The Guru.com Prepaid MasterCard is issued by MetaBankTM pursuant to a license from MasterCard International Incorporated.

Contacts:

Mary Kae Marinac, PR Representative for Payoneer, Email: mkmarinac@comcast.net, Phone: (978) 685-3136

Sivan Kariv, Account Manager, Payoneer,Email: sivank@payoneer.com

 
MasterCard is a registered trademark of MasterCard Inc. Payoneer is a trademark of Payoneer, Inc.
All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
The Payoneer Prepaid MasterCard is issued by MetaBank pursuant to license by MasterCard International Incorporated. MasterCard is a registered trademark of MasterCard International Incorporated.