Rupesh Sanghavi
CEO, ErgodE Inc. United States
โWe consider this an age of globalization. If we want to be competitive, we have to work at a global scale. a strong payments platform. I met Payoneer at IRCE. They provide support for payments to any vendors. Simple point and click and youโre done.โ
Challenge
When we first started looking for a payment processing service, we tried everything, including international banks and different online service providers, but couldnโt find one that supported our business in a way that we needed. Other services gave us no control over payments, conversion rates or the timing of our payments. We also felt that other providersโ platforms and customer service were lacking.
Solution
Payoneerโs payment solutions include automatic payments, the ability to pay suppliers directly from their platform, foreign currency accounts and VAT payment services. The platform is easy to use and theyโre always expanding their management tools.
Result
As the preferred payment partner to marketplaces all over the world, Payoneer has greatly helped us expand our global presence on different international platforms, including Linio in Latin America and Amazon China, and broaden our customer base.
My name is Rupesh Sanghavi.
I immigrated to the United States from Mumbai, India in 1999 and have been living in Texas for more than 12 years.
Professionally, Iโm an application engineer, having worked for many years at several major corporations.
In 2007, I became inspired to start my company, ErgodE, after seeing how expensive my wifeโs college textbooks were. Knowing that educational books are in constant demand, I got in touch with several suppliers and began selling them at a much lower price than I found elsewhere.
Since then, weโve expanded our product line to include tools, toys, electronics, houseware, beauty products, furniture and more. On top of our flagship sites, ErgodE.com and VirVentures.com, we currently operate an additional 16 websites, each specializing in a different business sector.
“As a global company, we were very optimistic about choosing Payoneer as our payments solution”
I first met Payoneer at the IRCE conference in Chicago, where I was quickly won over by their various payment solutions, including automatic payments, foreign currency accounts, VAT payment services and the ability to pay suppliers directly from their platform.
Their platform is easy to use and theyโre always expanding their management tools. In particular, the Store Management tool allows me to stay on top of my sales and revenues, and most importantly, gives me control over my incoming and outgoing funds.
I also found their team to be more responsive, customer-centric and helpful than any of the other companies I had explored at that point.
“Payoneer helps us to work all over the world“
ErgodE is very much an international company. Today, we staff more than 400 employees across six offices in the US and India. Furthermore, 30% of our customers are located outside of the US, and we actively sell in 13 countries, including Canada, the UK, India and China, and have shipped orders to more than 130 countries in the last year.
“I feel that our growth goals are within reach“
Currently, we sell around 4 million book titles and 500,000 non-book items a year. Our goal is to double the number of non-book products to 1 million and to increase our offerings by sourcing products from outside of the US to be sold to the American market.
Working with Payoneer makes me confident both in the future of my company and in our chances to reach, and even surpass these goals!
More success stories
Mariana and Fernando Vรกzquez
Partner and President of Tenui, Argentina
Discover how Tenui tackled cross-border payments with contractors using Payoneer.
Joanna Fuglewicz
Corporate Governance Officer, G2A.com
โPayoneer provides us with multiple payout options, which is incredibly convenient for our sellers. Their user-friendly KYC process makes things even smoother. We receive fast support, professional responses, and we feel that Payoneer perfectly aligns with our core values of trust, communication, team spirit, value delivery, accountability, and growth.”
Waleed Najam
CEO, Rankistan and CommerceGuru, Pakistan
โIt could not be possible without Payoneer, because getting payments from clients, withdrawing funds in Pakistan and withdrawing funds in any other part of the world – Payoneer was there.โ
Khoi Tran
Founder & CEO, HITEK JSC, Vietnam
โAs a software outsourcing business, Payoneer is one of the key factors that helps us win and maintain relationships with our international partners for greater success.โ
Ricardo Petrazzini
Co-founder, WeDevelop, Argentina
Find out how a Latin American software development and staffing company tackled cross-border payments for clients and contractors.
Marla De Castro Rausch
Founder and CEO, Animation Vertigo, Philippines
โOne of the reasons I really like working with Payoneer is that as I grow my own business, Payoneer’s flexibility and global reach allows me to not have to find different payment options. I like that Payoneer is with me in this growth as I plan what the next five to ten years look like.โ
Duy To
Founder and CEO of Newwave Solutions
โWith Payoneer, I can easily send payment requests to my clients to pay using their card, ACH bank debit or through local bank transfer in USA.”
Daehyun Ko
Myungyoon Electronics, General Manager, South Korea
โThanks to Payoneer, we can expand our business globally.โ From B2B to B2C: how Myungyoon Electronics took control of its sales process to launch its products in the global market.
Nimisha and Manav
Co-founders, DโMoksha Homes, India
โPayoneer remains an integral part of our growth journey.โ Find out how Manav and Nimisha Dhanda launched their sustainable homeware brand on the cusp of Indiaโs national lockdown โ and still managed to thrive.
