Are you a marketplace seller? See all the benefits Payoneer can offer you!
In addition to being a one-stop-shop for processing all your marketplace payouts, Payoneer provides a complete set of services to help you grow your eCommerce business and expand into new geographies. Here, we’ll be going over the different Payoneer tools available to marketplace sellers, including Store Manager, VAT payment service, currency accounts and working capital.
Whether you’re selling on eBay, Amazon, Wish, Lazada or any of the other dozens of marketplaces that work with Payoneer, we enable you to efficiently manage all your payments while facilitating business growth. Ready to learn what Payoneer can do for you? Let’s get started.
Manage Your Business in Different Currencies
Payoneer receiving accounts act like local bank accounts, allowing marketplaces and your international clients to pay you via local bank transfer in the currency of their choice. This means that, for example, you can easily receive your eBay payouts to your USD account and your Cdiscount payouts to your EUR account.
Receiving accounts provide you with several benefits when it comes to growing your business, including:
- You keep more of your earnings – Getting paid to a local receiving account eliminates international wire transfer fees, allowing you to take home more of your earnings.
- You can sell on more marketplaces – The ability to receive funds in different currencies gives you more flexibility when choosing the international marketplace you’d like to sell on next.
- You simplify the payments process – Your international clients will benefit from a simplified payments process, helping to ensure they’ll continue your business relationship.
Consolidate Your Payments with Store Manager
The Payoneer Store Manager is your central hub for consolidating marketplace payments, providing you with a simple platform for receiving payouts and reallocating funds to grow your business. With store manager, you can:
- Analyze store revenues – Export your different stores’ financial data to analyze sales trends and revenues.
- Monitor store performance – Tag each of your stores to track how well they are performing.
- Track payouts – Easily track each of your stores’ individual payouts from a single location.
In addition to being able to simply withdraw your funds to your local bank account, Store Manager provides you with a number of ways to utilize your payouts to benefit your business.
Pay Your VAT, Make Business Payments and More
When it comes to determining the best way to use your different marketplace payouts, Payoneer provides you with a few choices, including:
Pay Your VAT
Our VAT payment service enables you to pay your EU and UK VAT for free directly from your Payoneer account, allowing you to skip out on currency conversion and wire fees. To use the service, all you need to do is log into your Payoneer account, choose the country to which you need to pay VAT, enter the payment details, including amount, bank account number and VAT number, and click send. It’s that simple.
Make Business Payments
Pay your contractors, suppliers, manufacturers and any other business partner you might have worldwide directly from your Payoneer balance, saving you money on withdrawal and wire transfer fees. All your transactions can also be tracked directly from your Payoneer account.
With our Manage Currencies service, you can easily convert your funds to a variety of different currencies at applicable market rates at a fixed fee. Converted funds appear in your account in minutes, ensuring you get a hassle-free experience with no hidden costs.
Access Working Capital with Capital Advance
Capital Advance* is Payoneer’s working capital solution, giving you cash injections to purchase additional inventory, increase warehouse space, invest in new marketing campaigns and more. Capital Advance is divided up into multiple tears, each providing you with a different level of financing based on the month volume of your stores.
All Capital Advance offers can be settled gradually at fixed rates, ensuring you’ll always have enough cash on hand to manage your finances and flexibly grow your business as you see fit.
*Payoneer’s Capital Advance Program is based on eligibility and country.
Learn More About Payoneer’s Suite of Services
When it comes to the advantages that Payoneer offers marketplace sellers, the sky is the limit. Learn more about the advantages of managing your payments with Payoneer.