Payoneer

Payoneer is a financial services company that provides online money transfer and digital payment services. It enables individuals, freelancers, and businesses to receive payments from international clients and marketplaces, and to make payments to suppliers and collaborators worldwide. Core offerings include the Global Payment Service, which provides local receiving accounts in currencies such as USD, EUR, and GBP, letting clients receive cross-border payments as if they had local bank accounts; a multi-currency Payoneer wallet; and the Payoneer Mastercard prepaid card for card-based access to funds and purchases. For marketplaces, networks, and large employers, Payoneer offers mass payout and payout automation solutions to pay thousands of recipients efficiently.

Recipients can withdraw funds to their local bank account or to the Payoneer card, and in some regions, withdraw cash at ATMs. The platform supports various funding methods for payers and provides currency conversion when transferring between currencies, with related fees.

Founded in 2005 by Yuval Tal in Israel, Payoneer is headquartered in New York City and operates globally with offices and a partner network around the world. It is regulated as a financial services provider and holds licenses appropriate to the jurisdictions in which it operates, including U.S. money services business registrations.

Payoneer serves freelancers, small businesses, and online platforms, including marketplaces and outsourcing networks, that require international payments and disbursements. It competes with other cross-border payment services and traditional bank transfer options, and aims to provide tools for receiving payments from overseas clients and paying vendors.