Comments on: Payoneer Collects $3M from Greylock, Signs-up iStockphoto

By: Bryan

Bryan — Mon, 12 Nov 2007 14:21:24 +0000

Payoneer has been good to me. Affiliates of Plimus have the option of receiving payment via Payoneer. I’ve always received payment on time, and I’ve never had a problem using the card anywhere.

By: Yuval Tal, CEO Payoneer

Yuval Tal, CEO Payoneer — Tue, 23 Oct 2007 20:30:02 +0000

People from all over the world can receive the card through one of our partners and have their payments loaded onto that card. We actually have cards just about any place you can think of.

The general site is intended for the ‘guy off the street’ and therefore limited to US only.

By: Slim Amamou

Slim Amamou — Tue, 23 Oct 2007 19:17:04 +0000

being a citizen of a developing country, i can assert that, for years i looked for this solution. i just do not understand why it did not exist before. in Tunisia (my country) for example you simply can not have access to any currency, in any form, other than the Tunisian currency when you are not a company. it’s not the law that’s broken, it’s just the banking system.

but, Yuval, your order form still has only one choice for country : “USA”. i think you are missing the point.

By: bsilvia

bsilvia — Tue, 23 Oct 2007 19:15:17 +0000

I think that’s a great news for us non-USA customers.

By: flip

flip — Tue, 23 Oct 2007 17:11:17 +0000

can it be used for poker or other skill game sites to make payout to their users? all tournament players can have payoneer cards when they register and payouts are made on their cards.

By: Yuval Tal, CEO Payoneer

Yuval Tal, CEO Payoneer — Tue, 23 Oct 2007 14:49:05 +0000

We get asked about this often so let us address it for all.

Payoneer is meticulously compliant with all federal, state and MasterCard regulations, including AML, BSA, Patriot act, KYC etc. There is nothing grey about it. As a certified MasterCard Member Service Provider we undergo rigorous ongoing diligence related, among others, to our regulatory compliance level.

We employ multiple layers of checks and balances, both technological and human, so that we are able to minimize the hassle that users have to overcome to receive their payments.

As these regulations continue to evolve, we adapt our procedures accordingly to the changing needs.

By: » Payoneer Brings In Remaining $3 Million Series A || Pulse 2.0: Web 2.0 Reviews & Profiles || » Blog Archive

Tue, 23 Oct 2007 04:10:41 +0000

[...] that the investment had some sort of performance requirements associated with the agreement because TechCrunch reported that Payoneer received the rest of the $3 million [...]

By: will

will — Tue, 23 Oct 2007 02:10:46 +0000

payoneer is definitely in the legal gray area when it comes to the patriot’s act, anti-money laundering, and a host of other laws around “know your customer”

By: Eyal Hertzog

Eyal Hertzog — Tue, 23 Oct 2007 00:26:58 +0000

I’m the founder of Metacafe. We’ve been working with Payoneer from day one since we launched Producer Rewards - The program which rewards producers for posting great videos on Metacafe. In less than a year we’ve paid out hundreds of thousands of dollars to producers and everyone is thrilled about the branded card and the ease of use. For us, it simply made a huge headache go away.

By: Mindanao Bob

Mindanao Bob — Tue, 23 Oct 2007 00:05:19 +0000

Is it possible to use a Payoneer Card to verify a Paypal account? Paypal accepts Debit Cards, and Payoneer is a MasterCard logo’d debit card. Anybody know?

By: Steve Bask

Steve Bask — Mon, 22 Oct 2007 23:48:46 +0000

What about Money Laundering and Know Your Customer laws? This sounds like a great way for drug traffickers and terrorists to move money around.

By: StockPhotoTalk | Special Interest Blog

StockPhotoTalk | Special Interest Blog — Mon, 22 Oct 2007 23:29:43 +0000

QuickLinks For 2007-10-23…

Payoneer Collects $3M from Greylock, Signs-up iStockphoto:This is an especially good week for payment service provider Payoneer which is announcing it has received the remaining $3M of a $4M Greylock…

By: Michael Levinson

Michael Levinson — Mon, 22 Oct 2007 22:50:33 +0000

I am responsible for the billing & payment platform at oDesk.

Payoneer has been great for our international provider base. Since launching the oDesk Debit MasterCard (powered by Payoneer) in June, nearly half of our individual freelancer providers have switched to Payoneer to withdraw their oDesk earnings.

It’s not just EFT - in many developing countries, PayPal is a non-option. Even if you can sign up for a PayPal account, you can’t get your money out of it! Which kind of defeats the purpose of money transfer…

In my opinion, Payoneer is the most convenient and lowest-cost way for an individual in a developing country to receive funds internationally.

http://www.odesk.com

By: will

will — Mon, 22 Oct 2007 22:49:29 +0000

The 200 pound gorilla in the prepaid card space is Seqouia’s Green Dot & Netspend (acquired by Cap One for 700M).

Although neither focuses on dispersement.

By: Niraj

Niraj — Mon, 22 Oct 2007 22:12:26 +0000

>>The micro-deposit doesn’t register in my account immediately and by the time I remember it, I’ve already made the purchase in some other manner).

But you could still verify the account so you don’t have to go through the “wacky process” again, though I don’t get what’s so hard about waiting 2 days the very first time you use it.

By: ML

ML — Mon, 22 Oct 2007 22:09:43 +0000

This is a pretty cool service as many uses of branded cards exist. I could see Affiliate payments being made this way. It provides name recognition for the provider and offers a cool factor too.