My Amazon Guy Payoneer, Moving Money with Ben Stein #106
Payoneer continues to impress with integrations and partnerships with Walmart, Wayfair, and other global marketplaces. Today I talk to Ben Stein, partnerships manager at Payoneer about finance and what he’s seen in his ecommerce career as a business analyst.
About Payoneer: Simplify your international business transactions with Payoneer. Get paid in multiple currencies, bill your global clients, sell on marketplaces worldwide, pay your overseas business expenses at low cost and more.
Global expansion
- Ben worked at Walmart, Jet 4 years.
- Why hasn’t Walmart/Jet caught up to AMazon?
- User behavior
- Why hasn’t Walmart/Jet caught up to AMazon?
- International staff payments
- Financial capital - payoneer. Payoneer Working Capital
- Merchant capital
- Finance advice - pick one option over another
- What is Payoneer?
- B2B payment portal connections
- Working capital product
- Been on marketplaces for 6+ months, link to Payoneer, request capital.
- Quick access
- Wayfair
About working capital: When it comes to cash flow, over 60% of businesses claim to have faced challenges, but there are ways to seize growth opportunities when funds are tight. Payoneer Capital Advance is the ideal cash flow management solution designed specifically for marketplace sellers, providing you with instant working capital to invest in expanding your business in a smart and safe way. You can use this advance to be prepared for peak periods by purchasing inventory or ads to stay on the first page for product discovery, or expand into new categories and marketplaces. Collection is gradual and in order to leave you with sufficient cash flow to manage your day-to-day, Payoneer collects a portion of each payment you receive from the store associated with the Capital Advance, until it is fully settled. The more you grow, the more working capital you’ll be offered. Click here to learn more about Payoneer’s Capital Advance or reach out to Ben Stein at benste@payoneer.com today!