Their collaboration is expected to enhance the business experience for sellers
Payoneer and eBay have announced a collaboration to enable eBay sellers in select countries to get paid for their sales on the marketplace.
eBay has teamed up with Payoneer as part of its mission to modernize its marketplace, removing complexities and creating a more streamlined payment experience for sellers worldwide.
With the help of Payoneer, eBay sellers will get faster access to funds and bigger flexibility in managing multi-currency payments. Along with that, the partnership will offer expanded reach by enabling sellers to list on multiple international eBay sites.
Effective April 2021, Payoneer is managing payouts for eBay sellers from Greater China as eBay expands its management of payments globally. eBay and Payoneer intend to expand the service to additional countries later in the year.
For Payoneer, this agreement comes on the heels of its announcement that it will go public later in 2021 through a business combination with a special purpose acquisition company.
We’ve reported that nearly 3/4 of eBay sellers started embracing recommerce.