Payoneer, WooCommerce team up to simplify checkout for SMBs
Payoneer (NASDAQ:PAYO) today announced a partnership with WooCommerce that makes Payoneer Checkout available via a plug-in for small and medium-sized businesses (SMBs) that want to expand and grow through direct-to-consumer (DTC) sales globally.
Integrating with Payoneer Checkout allows WooCommerce merchants across Asia to simplify the way they set up their stores and start accepting payments from customers worldwide. Checkout was launched in May this year as an expansion of the company’s offering for SMBs.
Making the solution available on the WooCommerce Marketplace represents a further expansion of Payoneer’s support for SMBs around the world. By consolidating all their funds across marketplace and direct sales channels in Payoneer’s multi-currency accounts, merchants can manage their accounts payable needs, gain access to working capital, and use their funds to pay for business expenses such as digital advertising.
Keala Gaines, General Manager, Payments, WooCommerce, said:
“WooCommerce has made it easy for SMBs to sell online, and through our partnership with Payoneer in key regions we are excited that more merchants around the globe will have increased access to cross-border payment acceptance. Payoneer provides a faster and safer way for global merchants to expand and grow sales while reducing complexity.”
Keren Levy, President, Payoneer, said:
“We launched Payoneer Checkout because we identified the need to remove barriers to global growth for small and medium businesses. Through partnering with innovators like WooCommerce, we make it easier for merchants to get paid by their customers around the world with high acceptance rates and excellent customer experience. We’re very pleased to be partnering with WooCommerce as we work together on the journey towards a universal future for commerce that provides opportunities for all.”
Building on its leadership in marketplace payments and B2B payments, the launch of Payoneer Checkout created a unified experience for Payoneer’s ecommerce merchants across multiple digital channels. It is available directly to those in Asia-Pacific and will gradually be extended globally.