Payoneer Selected by Amazon to Expand Cross-Border Payment Options in Select Countries

NEW YORK CITY, Nov. 4, 2015 (GLOBE NEWSWIRE) — Payoneer Inc., a leading online payments company transforming the way businesses send and receive cross-border payments, has been selected by Amazon to expand cross-border payment options to sellers from 24 countries1 who sell on marketplaces in the U.S., Spain, France, Italy, Germany and the UK. As a featured payment solution for select countries within Amazon Seller Central, Payoneer provides a simple and convenient way for sellers from top markets including China, Japan and South Korea to receive their Amazon disbursements.

In cooperation with Payoneer, Amazon now allows sellers to sign up for Payoneer directly from Amazon Seller Central. Upon Payoneer registration, sellers receive online accounts that can collect Amazon disbursements, and that provide access to these disbursements through local bank account withdrawal or through the use of a Payoneer MasterCard®. This alliance marks the first time that Amazon has expanded Seller Central cross-border payment capabilities through alliance with an external payment solution.

“We’re very excited to work with Amazon and support the needs of the rapidly growing cross-border e-tailing community by providing efficient and easy payments,” said Scott Galit, CEO of Payoneer. “Amazon is the driving force in empowering the world of ecommerce by connecting buyers and sellers from all over the world. Today, marks yet another step in our mission to streamline every step of the payment cycle for both marketplaces and sellers.”

Projections* show that eCommerce sales will reach $3.5 trillion within the next five years (12.4 percent of total retail sales) as more people around the world come online. With sellers in more than 100 countries, Amazon continues to remove barriers for its international sellers, enabling them to get paid locally as they grow their businesses worldwide.

Amazon sellers can get more information about Payoneer’s payments solution, as well as a payments tutorial, on the Payoneer blog: blog.payoneer.com.

About Payoneer

Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Amazon, Google, Airbnb, UpWork and Getty Images rely on Payoneer’s mass payout services.

With Payoneer’s fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000’s Financial Services companies. For more information, visit us at www.payoneer.com or follow us on Twitter and Facebook.

1. Amazon Seller Central features Payoneer as a cross-border payment solution when sellers on marketplaces in the U.S., Spain, France, Italy, Germany and the UK elect to disburse to bank accounts in the following countries: China, Japan, South Korea, Thailand, Taiwan, Israel, Albania, Sweden, Turkey, South Africa, Argentina, Colombia, Russia, Malaysia, Mexico, Pakistan, Indonesia, Brazil, Nepal, Jordan, Sri Lanka, Vietnam, Cambodia, and Laos

* https://www.internetretailer.com/2015/07/29/global-e-commerce-set-grow-25-2015

CONTACT: For additional information:
         Ilana Stemmer, Payoneer
         ilanast@payoneer.com