Mezy

Payoneer is a payout solution that enables organizations to distribute their payouts worldwide with the use of MasterCard® cards. This scheme is managed online; therefore, it comes with convenience. It resolves the issues of the inconvenience in transferring funds from the other side of the world. These organizations that make use of the system work for the most part with internet-based service firms that keep hold of the services of contractors, affiliates, freelancers or employees around the world.

With the use of Payoneer, both the payer and the payee can avoid lots of fees and delays that normally come about with international payments. What’s good about this scheme is that cardholders do not need bank accounts. They can receive their payments directly through their prepaid debit MasterCards. This means less the hassle.

Payoneer was established in 2005 and is based in New York. Among its investors are Yuval Tal (Payoneer’s CEO), Greylock Partners (venture capital fund) and some private investors. Presently, 37 employees are working for the promising company. Many establishments worldwide are making use of this scheme and are satisfied with the service. Some of them are istockphoto, Clearvoice Surveys, Get-A-Freelancer, Bux.to, MetaCafe, BitWine, MinuteFix, oDesk, Rent-A-Coder, Amie Street, Plimus, Birthright Israel, 2CO among others.