International merchant payments set to simplify with new partnership

cash transaction

Commerce solutions firm Digital River has teamed up with online transaction company Payoneer. The Minnesota-based group aim to use Payoneer’s technology to improve its cross-border payment services.

Digital River specialises in providing commerce solutions to a variety of different sized businesses in over 170 countries.

Payoneer’s all-in-one mass payout services allow business owners to able to make substantial internation P2P transactions using a number of different currencies.

The commerce firm has chosen Payoneer to help facilitate its payment system and expand its international operations even further.

‘‘As merchants expand their businesses globally, managing international payouts to customers, suppliers and partners becomes more complicated and costly, especially when local payment recipients are unable to receive payments through traditional bank accounts,’’ explained Hayden Reed, Digital River’s senior vice president.

‘‘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,’’ continued Reed.

This is not the first partnership that Payoneer has been involved in during 2015. In May, Payment Eye reported that the cross-border payment specialists had been selected by freelance marketplace PeoplePerHour (PPH) to facilitate its payment system.

‘‘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, CEO of Payoneer.

‘‘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.’’

 

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