Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions, announced it has teamed up with Payoneer Inc., a leading online payments company transforming the way businesses send and receive cross-border payments. Designed to provide quick, simple and cost-effective mass payouts and fund transfers to professionals and businesses worldwide, Payoneer’s technology complements the Digital River World Payments solution. Digital River’s solution enables merchants to process online payments using more than 200 international payment options and over 170 currencies.
“As merchants expand their businesses globally, managing international payouts to customers, suppliers, affiliates and partners becomes more complicated and costly, especially when local payment recipients are unable to receive payments through traditional bank accounts,” said Hayden Reed, Digital River’s senior vice president and general manager of Digital River World Payments. “By working with Payoneer, we further extend our core outbound payment capabilities, offering clients more payout options and ensuring an expedited experience for their customers.”
The Digital River World Payments solution offers a wide range of value-added services that support the complete payment lifecycle. In addition to international payment processing, the solution includes checkout page optimization, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools. Payoneer enables businesses, marketplaces, corporations and enterprises to send mass payments to professionals and small businesses, wherever they are, using the currency and payout method of their choice – including global bank transfers, prepaid debit cards, local eWallets and international checks. Today, Payoneer supports payouts in more than 150 currencies.
“We’re excited about working with Digital River to help meet the growing demands of their merchants. Payoneer’s all-in-one mass payout services are an exciting complement for Digital River merchants challenged with the complexities of global payouts,” said Scott Galit, Payoneer’s CEO. “Payoneer is fully committed to helping Digital River clients capitalize on international market opportunities by enabling them to pay globally as easily as they do locally.”