Amazon has inked Payoneer to expand cross-border payment options to sellers from 24 countries who sell on marketplaces in the U.S., Spain, France, Italy, Germany and the UK.
As a featured payment solution for select countries within Amazon Seller Central, Payoneer provides a simple and convenient way for sellers from top markets including China, Japan and South Korea to receive their Amazon disbursements.
In cooperation with Payoneer, Amazon now allows sellers to sign up for Payoneer directly from Amazon Seller Central. Upon Payoneer registration, sellers receive online accounts that can collect Amazon disbursements, and that provide access to these disbursements through local bank account withdrawal or through the use of a Payoneer MasterCard®. This alliance marks the first time that Amazon has expanded Seller Central cross-border payment capabilities through alliance with an external payment solution.
Projections* show that eCommerce sales will reach $3.5 trillion within the next five years (12.4% of total retail sales) as more people around the world come online. With sellers in more than 100 countries, Amazon continues to remove barriers for its international sellers, enabling them to get paid locally as they grow their businesses worldwide.
Thousands of leading corporations including Amazon, Google, Airbnb, UpWork and Getty Images rely on Payoneer’s mass payout services.
For data, background and forecasts on Payoneer: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).