Youโre not alone, online
Weโve been powering payments for marketplaces and platforms for a while. The flows of talent and capital we each enable are the lifeblood of service marketplaces and on-demand platforms. Thatโs why the leading brands in this space work with Payoneer and why we should join forces.
Why it pays to be with Payoneer
Rely on our ecommerce know-how and our experience in global markets. Plus, our flexible services covering every aspect of service marketplaces and on-demand platforms. And reduce your to-do list when you can leave global payments and other services like mass payouts, payment collection, and tax compliance to us.
Global reach
We’re present in 190+ countries and territories, with payout capabilities in 70 currencies, and multiple banking partnerships across the globe.
Local payouts
Payoneer is a global gateway to local banking. We pay straight to local banks, Payoneer accounts, digital wallets, and your Payoneer card.
Payee flexibility
Give payees flexibility to access their funds – by withdrawing to a local bank account, spending online or in store with the Payoneer Mastercard, or paying anyone in the Payoneer network for free.
Tax services
If you’re in the US or being paid by a US-based platform, Payoneer’s full tax stack is an automated and integrated tax and payout platform. It covers all your cross-border tax and payment needs, such as collecting and filing W8, W9, 1042, 1099, 1099K forms and making payouts in different currencies, while minimizing the need for multiple vendors.
Payment collection
With Payoneer Collect, you can automatically debit a consenting Payoneer user’s balance, providing they have enough funds. Integrate the API, invite your sellers or platform users to connect their Payoneer account, and you are ready to roll. It’s easy, more cost-effective than getting paid by debit or credit card, reduces the workload of managing payments and guarantees instant payment collection.
Built-in protection
Payoneer protects you and your payees with anti-money laundering defenses. With Payoneer, your payouts are made through fully compliant, secure, and audited payments platforms, so you can focus on running your business with peace of mind, while we take care of all your payment needs.
Security and safety
Your highly scalable business should be building trust which is founded on a secure, safe, and robust platform for every transaction. Thatโs why our protection starts upstream, where we build risk management and compliance into each payment. Here are some of the ways we guarantee our platformโs safe, our operations are secure, and our processes are compliant.
Globally regulated
Payoneer and our platform are recognized and valued by tax authorities and regulators worldwide. As well as being compliant with MSB US & E-Money Licenses and PCI DSS, weโre fully regulated in the US, Canada, Europe, Japan, Hong Kong, Australia, and more โ for global coverage.
Risk managed
Our focus is on risk management and compliance, alongside the safe use of our platform. In fact, 15% of people in our workforce are dedicated to these priorities. Payoneer fraud protection is equally comprehensive โ we detect anomalies and validate transactions, trace fund flows, and profile user behaviors โ all in real time.
Fully audited
Weโre regularly audited and reviewed by regulators. The banking partners we work with also inspect and assure weโre doing everything we can to keep our platform safe. The highly respected firm KPMG carries out our annual audit and quarterly testing by fintech security consultants Sightspan ensures our processes and operations are as secure and robust as possible.
Cross-border experience
and expertise
Do you really want to be managing payments, tax compliance in the US, and security assurance on a global scale? Our international team is on hand (in 22 languages and counting) with the expertise your marketplace or platform needs.
Frequently asked questions
Still got questions about Mass Payouts? Read our frequently asked questions answered by our experts.
Our fees are flexible, just like us. We work directly with our customers to find the right solution at the right price. Want to find out more? Get in touch with our friendly team!
With Payoneer Mass Payouts you can pay hundreds of freelancers simultaneously, across the world, using multiple payments methods and multiple currencies. Invite freelancers to sign up to Payoneer, fund your Mass Payouts account by sending the total amount you wish to pay to one of our trusted bank accounts and the amount will be updated within a day.
For integrated partners, you simply initiate a payment API call to our payment engine. Alternatively, through your Payoneer Mass Payouts admin area you can upload a csv file with payment instructions or select the users who need to get paid, enter the amount and click โPayโ.
You can offer your payees to receive the funds straight into their Payoneer account, local bank account or eWallet.
A Payoneer account enables your payees to make international payments, receive funds, access capital, manage business expenses and much more at low fees.
However, if the Payoneer account is not the right fit for your payees, we can make payments directly to their bank account or eWallet.
With a Mass Payouts account, you can hold up to 30 currencies and make payouts in 70 currencies. The currency freelancers will receive the funds in will depend on the currencies you decide to make available to them.
For more details have a look here.
You can either embed the Payoneer signup page in the payment area of your website, so users can register directly to receive payments through Payoneer, or manually send your payees a
signup link. Existing Payoneer users can easily link their Payoneer account to yours by entering the email address associated with their Payoneer account.
The Payoneer Collection API allows you to automatically debit a consenting Payoneer userโs balance, removing the hassle of managing payments. This is a great way to make it simple for your payees โ not only can they use Payoneer to withdraw their earnings, but also can use their Payoneer balance to pay for other services and fees on your platform.
Your payees can opt-in to make ongoing payments from their Payoneer account for free, while you benefit from immediate settlements, no chargebacks and lower operating costs with only a small percentage fee charged per successful transaction.
Paying freelancers around the world in multiple currencies generates plenty of tax liabilities and a trail of paperwork that needs to be collected from payees, reported, and then filed with the relevant tax authorities.
With Payoneerโs end-to-end tax service (currently only available in the USA) you only need one vendor to sort out all your tax needs, from helping your payees choose which forms to fill in to collecting, approving and submitting them to the IRS, we can take care of it all, so you can save time, money and resources.
For more information regarding our tax services have a look here.