HomeResourcesGlobal mass payouts and integrations for marketplaces Mass payout integration: What’s right for your business?
Mass payout integration: What’s right for your business?
Mass payments gives businesses the option to send funds to multiple recipients at once, simplifying the payment process for those with recurring payments or invoices. Find out everything you need to know about making mass payments in our eBook.
Payoneer has created an insightful eBook tailored to global business leaders seeking the right mass payout integration solution.
With the insights from this eBook, you will learn:
- The benefits of mass payouts for your business
- Questions to ask when choosing a mass payout partner
- How to identify mass payout challenges and find the right solution for your business
- Three real-world case studies of Payoneer customers who have successfully implemented mass payout solutions
With this information, you can scale your business by streamlining your mass payment process. Here is an overview of what to expect.
Mass payout integration: Payoneer all-inclusive and basic solutions
Payoneer offers two types of mass payment solutions: the all-inclusive solution and the basic solution.
The all-inclusive solution provides businesses with various features and tools to streamline payout processes.
This solution can be integrated easily with your business operations. You will have access to 150 highly-trained reps from Payoneer, who provide 24/7 support. In addition, Payoneer handles processes like payee onboarding and KYC compliance.
On the other hand, the basic solution provides a complete integration that aligns with your business look and feel. With this solution, you can handle payee validation and onboarding, and manage the full payment process with the help of Payoneer tools.
The all-inclusive solution offers flexibility in how payees get paid with bank transfers and prepaid MasterCards. The basic solution only provides a single payout mechanism: payees will receive funds directly through their bank accounts.
Both solutions can help you manage your mass payments more efficiently. However, the all-inclusive solution provides more advanced features and tools for businesses that require more customization, security, and reporting capabilities. The basic solution is ideal for companies needing a simpler payout platform to handle their essential payout needs.
Pond5 is an online marketplace where content creators sell royalty-free media like videos, illustrations, photos, and music.
They needed a seamless way for their content creators to receive payments from all over the world. So, they integrated Payoneer’s all-inclusive solution for the following:
- Global bank transfers and prepaid MasterCard payment solutions
- Flexibility for their content creators from over 200 countries to get paid
- Multiple payment methods from online marketplaces through the Payoneer ecosystem
The mass payout solution only took a few days to integrate.
The leading hospitality marketplace, Airbnb, offers travelers short-term lodging, including hotels, hostel rooms, apartments, and homestays.
Airbnb wanted cost-effective payment solutions where hosts worldwide could receive payment in their local currencies. Additionally, there was a great need for 24/7 customer support and compliance with financial regulations.
Airbnb integrated Payoneer API solutions with secure technical features for different use cases, such as local currency support and new market launches. Professional services teams from Payoneer and Airbnb worked in tandem on tasks such as developing implementation and executing integration.
The integration was best for Airbnb’s business model, growth, and scalability. For example, the mass payment solution succeeded at the Olympic Games in Brazil in 2016, supporting Airbnb’s increased demand.
Waze is a GPS navigation software app that provides real-time traffic updates and route suggestions based on user input.
They aimed to provide a better customer experience through improved payment solutions. This called for fast, mobile-friendly technology to support Waze Carpool payments worldwide.
Payoneer’s basic solution was used to keep user and payment data in the Waze ecosystem. This integration ensures that Waze can maintain daily contact with clients and that drivers can receive seamless bank transfers.
Waze has been able to expand into new markets and achieve impressive growth with the help of Payoneer.
Payoneer for global mass payouts
Mass payouts can be a real challenge for businesses in today’s global marketplace.
Many businesses, including marketplace sellers, can benefit from Payoneer’s operations. With Payoneer, you can overcome challenges and unlock the full potential of your business.
Download our eBook, Mass Payout Integration: What’s Right for Your Business?, to see how Payoneer can help you achieve your business goals.
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