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Payoneer vs WebMoney
May 17, 2023 | Author: Sandeep Sharma
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Payoneer is a financial services provider that provides online money transfer and e-commerce payment services. Payoneer is a registered Member Service Provider of MasterCard worldwide.
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WebMoney Transfer - smart solution for internet business. It is a multifunctional payment tool that provides secure and immediate transactions online. WebMoney Transfer Technology is based on providing all its users with unique interfaces that allow to operate and control individual property rights for valuables (assets), stored at the specialized entities — the Guarantors.
See also:
Top 10 Online Payment platforms
Top 10 Online Payment platforms
Payoneer and WebMoney are both popular online payment platforms, but they have distinct differences in terms of features, supported countries, and target markets. Payoneer is a global payment service that enables individuals and businesses to send and receive money globally. It supports multiple currencies, provides options for bank transfers and prepaid Mastercard cards, and offers services for freelancers, e-commerce platforms, and international businesses. Payoneer is widely accepted and has a broad reach across many countries. On the other hand, WebMoney is a payment system primarily used in Russia and other CIS countries. It supports various currencies, facilitates online transactions, and offers additional services like virtual wallets and prepaid cards. WebMoney is more popular in its regional markets and caters to users within those specific regions.
See also: Top 10 Online Payment platforms
See also: Top 10 Online Payment platforms
Payoneer vs WebMoney in our news:
2016. Payoneer raises $180 million for its global payments technology
Payoneer, a leading global provider of payment processing technologies, has secured $180 million in funding to fuel the expansion of its payment services. Despite already being profitable and having a substantial cash reserve, the infusion of capital will enable the company to double its product development and technical workforce, as stated by Scott Galit, the company's CEO. The global market for business payment processing is a significant industry in its own right, with companies like Payoneer, Adyen, Bluesnap, and PayU, all valued in the millions, diligently working on various aspects of the payment challenges faced by businesses engaged in international markets.
