About Payoneer
Payoneer is a US based company that provides organizations and individuals with an easy, efficient and international online payment distribution tool.
Based in New York with further research and development offices in Tel Aviv, Israel, Payoneer equips organizat...ions with prepaid MasterCard® cards so that they can pay people around the world directly and securely. Standard methods of payment, such as international checks, usually take far too long, require a bank account or credit history and add heavy charges, but Payoneer aims to make global payments as easy and accessible as possible.
The company has a wealth of clients, from e-commerce platforms and affiliates to websites for freelancers. Payoneer also offers these organizations the chance to co-brand MasterCard® cards to their specific needs. This is a service used by large, international companies that depend on making quick payments to other organizations and individuals globally, such as oDesk, AliveMax and iStockphoto.
Payoneer's system works by offering prepaid MasterCard® cards to payees on behalf of its customers, who can then credit the cards when payment is required. When a card is first received it needs to be activated for security reasons. It can then be used for purchases or withdrawals in the same way other MasterCard® cards can. Cardholders, as well as anyone else who has access to the cardholder's email address, is then able to load anywhere between $20 to $1000 per day onto the card provided by Payoneer.
Payoneer offers its customers the chance to own a Payoneer Travelcard, which allows people to handle their expenses when travelling, studying or working away from home. The card allows the owner to load and transfer funds for the duration of their travel and the card is accepted worldwide wherever a debit MasterCard® card is accepted.
Payoneer understands that security is a key concern and ensures that only the best technology is used, only top financial professionals are employed and all activities comply with online payment regulations. In case of queries or problems, Payoneer also offers support via phone, email and live chat with a multilingual in-house team of staff.
Yuval Tal, President and Founder
Payoneer was founded in spring 2005 by businessman Yuval Tal, who is now also the president of the company. Tal has more than 20 years of experience working with online technology start-ups, as well as an in-depth understanding of pre-paid card applications, currency exchange organizations and security technologies.
Before Payoneer, Tal co-founded E4X, a global payments company that was considered to be one of the first on the market to provide a solid infrastructure for global e-commerce. He was also the vice president of business development for RADWARE.
Photos & videos
