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Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. It is Cross-border payment processing solution that enables businesses to manage global payments securely.Payoneer has many hoops to jump through to receive a Global Payment. This can feel over the top after giving up copies of your ID to get “approved” you then need to provide all kinds of evidence that who ever paying you, is actually paying you (even though Payoneer already has the money by this point). In our case this included an invoice, reason for payment verification, questions about the payment and screen shots of account activity and the account showing their address to mention the main ones. This can take some time and more than a little zen mastery.
Service Providers or Freelancers: If you need to get paid by your clients or via marketplaces such as Upwork and PeoplePerHour for your services, Payoneer can be a great option.
Small Businesses: SMBs that need to pay or get paid for their goods or services can use Payoneer for all their international transactions.
Online Sellers: If you are an online seller that needs to accept payments from e-commerce marketplaces for your goods, Payoneer will work quite well for you.
Marketplaces or SMBs: Payoneer is great for sending mass payouts to payees across the world. In short, Payoneer is a good choice for sending or receiving business payments.