PeoplePerHour Selects Payoneer for Quick and Cost-Efficient Payouts to their Global Freelance Network
New York City (PRWEB) May 11, 2015 -- Payoneer Inc., a leading online payments company transforming the way businesses send and receive cross-border payments, has been selected to facilitate payouts for PeoplePerHour, a marketplace that connects businesses with an online workforce of 750,000 freelance workers globally.
PeoplePerHour is an online community of freelance talent available to work for businesses remotely at the click of a button. Whether a business is looking for a graphic designer to create a logo, a videographer to film and edit a video, or a copy editor to review website copy, Payoneer enables those professionals to receive payments for their services anywhere in the world.
According to the 2015 Payoneer Freelancer Income Survey, 46 percent of jobs sourced by freelancers are via marketplaces, and many freelancers are active on more than one. Additionally, freelancers find it easier to use one complete payment method for all of their income. A leading payout provider in the freelance world, Payoneer continues to partner with companies like PeoplePerHour to become the one-stop-shop for freelancers getting paid across various marketplaces as well as with clients directly.
With a large percentage of freelance talent living in markets such as Pakistan and Bangladesh, freelance marketplaces such as PeoplePerHour face challenges in providing payouts for those workers through traditional bank transfers due to high fees, delayed processing and lengthy hold times. PeoplePerHour will offer their freelancers a co-branded Payoneer Prepaid MasterCard® Card, through which they can transfer their earnings to their local bank account, withdraw at ATMs or spend online and in-store.
“Freelancing offers professionals in developing countries job opportunities they never thought possible and offers businesses access to a more extensive talent pool than ever before,” said Scott Galit, CEO of Payoneer. “We continue to cement our position as the go-to-solution for the freelance market, empowering professionals and business owners internationally to engage globally as easily as they do locally. PeoplePerHour is on the same mission – they’ve created a huge online network of freelancers globally, allowing them to showcase their work and establish new business contacts. Payoneer allows freelance marketplaces like PeoplePerHour to work with even more freelancers by providing fast, efficient payments at competitive prices to their workers in all corners of the world.”
Payoneer and PeoplePerHour began working together when freelancers using Payoneer to receive payments from other sources began asking to do the same with PeoplePerHour’s platform as well. By partnering with Payoneer, PeoplePerHour can now send fast and secure payments to their freelancers in more than 200 countries and territories and more than 100 currencies.
“PeoplePerHour aims to make business truly global by making it easy for businesses around the world to connect with international talent to get any job done,” said Xenios Thrasyvoulou, founder and CEO of PeoplePerHour. “There are significant costs and delays associated with traditional international bank transfers, which has created a roadblock for many of our professionals based in ’slow-to-pay’ countries such as Pakistan and Bangladesh. We began seeing a demand from our users in emerging markets to receive payments more easily, specifically with Payoneer. Payoneer offers an easy, cost-effective and flexible way for businesses and professionals in those markets to get paid.”
To learn more about how Payoneer is empowering global commerce with cross-border payment services for business, visit the Payoneer website.
About Payoneer
Payoneer empowers global commerce by connecting businesses, professionals, countries and currencies with its innovative cross-border payments platform. In today’s borderless digital world, Payoneer enables millions of businesses and professionals from more than 200 countries to reach new audiences by facilitating seamless, cross-border payments. Additionally, thousands of leading corporations including Google, Airbnb, Elance-oDesk and Getty Images rely on Payoneer’s mass payout services.
With Payoneer’s fast, flexible, secure and low-cost solutions, businesses and professionals in both developed and emerging markets can now pay and get paid globally as easily as they do locally. Founded in 2005 and based in New York, Payoneer is venture-backed, profitable and ranked in the top 100 of Inc. 5000’s Financial Services companies. For more information, visit us at http://www.payoneer.com or follow us on Twitter and Facebook.
About PeoplePerHour
PeoplePerHour, founded in 2007 by Xenios Thrasyvoulou, is a marketplace that connects businesses with an online workforce of 750,000 freelance workers globally. By registering on the site, freelancers can showcase their work and develop contacts with businesses keen to utilize their specialist skills. PeoplePerHour is headquartered in London, England, and has offices in Athens, Greece and New York City. The company has raised over $10MM to date from a mix of angel investors and Index Ventures. Over $100MM has been paid out to freelancers on the site to date.
Beth Kempton, Walker Sands Communications, +1 (312) 241-1178, [email protected]
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