What is the process of Payoneer money transfer?
Payoneer is a financial services company that provides online money transfer and digital payment services. Payoneer account holders can send and receive funds into their bank account, Payoneer e-wallet, or onto a re-loadable prepaid MasterCard debit card that can be used online or at points-of-sale. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services. In the Payoneer system, customers have to sign up and create an account on the Payoneer website before they can begin transferring funds. They can then deposit money into this account, or receive payments from other Payoneer users. The funds can then be withdrawn to a bank account or used online through a virtual card.