Newegg Chooses Payoneer for Cross-Border B2B Payments
Sept. 10, 2015
Newegg, the consumer electronics e-commerce marketplace, has chosen New York City-based online payments company Payoneer to simplify payouts to its international sellers. The e-commerce site has around 3,000 sellers around the world and the company said processing B2B cross-border payments is complicated.
“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.”