Established in 2001, Newegg is the second-largest online tech retailer in North America and was dubbed the “king of online electronics” because of their comprehensive selection of the latest consumer electronics, computers, home theatre products and other general merchandise.
In the past, Newegg faced several challenges regarding payout options for international sellers: high costs, complexity and lengthy transfer times. Today, we are excited to announce that Newegg has selected Payoneer to help facilitate global payments in order to simplify the cross-border payout process for their 3,000+ global sellers while lowering overall costs and enabling sellers to receive and convert payments easily.
“Most of our global sellers are based in Asia and Europe, and the biggest challenges they face are delays and high costs associated with cross-border money transfers,” said Sophia Tsao, Head of Newegg Marketplace. “Our sellers want a global, cross-border payout solution such as Payoneer. This partnership will stimulate the growth of our global seller network by removing the hurdles associated with sending and receiving international B2B payments.”
In addition to offering a cost effective solution for Newegg sellers, we’re committed to providing the best and safest service possible. As a seller you can enjoy:
We are truly excited about this partnership and the ability to assist Newegg in creating a streamlined and regulated payment process for thousands of global sellers.
“Newegg and Payoneer have a shared mission to empower merchants from around the world to expand their businesses internationally, providing a wider range of merchandise to consumers across the globe,” said Scott Galit, CEO of Payoneer. “We’re excited to be involved in supporting such a fast-growing e-commerce marketplace by providing efficient and easy cross-border payouts to Newegg’s global community, as well as providing e-tailers with an all-in-one payment solution for all their global selling needs.”
Are you a company selling on Newegg? Be sure to select Payoneer as your preferred payment solution! Not yet a Payoneer user? You can sign up directly from the Newegg Seller Portal, today!