Payoneer is an e-Commerce business owned by Israeli entrepreneur Yuval Tal that facilitates companies paying worldwide contract or freelance workers directly through prepaid MasterCards. The company issues a co-branded card which payees can cash in the local currency at ATMs all over the world, avoiding delays and costs of bank transfers and international checks. IT Management: Products to Watch at TechCrunch50 (September 9, 2008) Payoneer: Homepage
References
Fast Facts
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Virtual accounts and routing numbers are assigned for each payeeIT Management: Products to Watch at TechCrunch50 (September 9, 2008)
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Monthly fees are assessedPayoneer: Homepage
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Elance, iStock Photo, MediaWhiz, Buy.at, Odesk, Fixya and SFI are currently using PayoneerPayoneer: Homepage
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Payoneer also offers a prepaid debit travel cardPayoneer: Homepage
