Payoneer and WooCommerce Partner to Simplify Checkout for Today’s Global Seller
October 24 2022 - 8:00AM
Business Wire
The Payoneer Checkout plug-in, a payment acceptance solution
built for SMBs specializing in cross-border ecommerce, will be
available soon on the WooCommerce Marketplace
Payoneer (NASDAQ: PAYO), the commerce technology company
powering payments and growth for the new global economy, announces
a partnership with WooCommerce that makes Payoneer Checkout
available via a plug-in for small and medium-sized businesses
(SMBs) that want to expand and grow through direct-to-consumer
(DTC) sales globally.
Integrating with Payoneer Checkout allows WooCommerce merchants
across Asia to simplify the way they set up their stores and start
accepting payments from customers worldwide. Checkout was launched
in May this year as an expansion of the company’s offering for
SMBs. Making the solution available on the WooCommerce Marketplace
represents a further expansion of Payoneer’s support for SMBs
around the world. By consolidating all their funds across
marketplace and direct sales channels in Payoneer's multi-currency
accounts, merchants can manage their accounts payable needs, gain
access to working capital, and use their funds to pay for business
expenses such as digital advertising.
WooCommerce is the world’s leading open source ecommerce
solution, powering 25% of the top million online stores.i DTC
ecommerce sales in the US alone are projected to reach over $212
billion by 2024, more than doubling over 2020 levels.ii Consumer
preferences are clearly changing: a recent Salesforce survey found
that 64% of consumers regularly buy directly from a brand, up from
49% in 2019.iii Online merchants around the world are increasingly
adopting omnichannel distribution strategies as digitalization of
commerce makes it easier for even small businesses to reach
customers on multiple channels and across borders.
Keala Gaines, General Manager, Payments, WooCommerce,
said: “WooCommerce has made it easy for SMBs to sell online,
and through our partnership with Payoneer in key regions we are
excited that more merchants around the globe will have increased
access to cross-border payment acceptance. Payoneer provides a
faster and safer way for global merchants to expand and grow sales
while reducing complexity."
Keren Levy, President, Payoneer, said: “We launched
Payoneer Checkout because we identified the need to remove barriers
to global growth for small and medium businesses. Through
partnering with innovators like WooCommerce, we make it easier for
merchants to get paid by their customers around the world with high
acceptance rates and excellent customer experience. We’re very
pleased to be partnering with WooCommerce as we work together on
the journey towards a universal future for commerce that provides
opportunities for all.”
Building on its leadership in marketplace payments and B2B
payments, the launch of Payoneer Checkout created a unified
experience for Payoneer's ecommerce merchants across multiple
digital channels. It is available directly to those in Asia-Pacific
and will gradually be extended globally. To sign up for Payoneer
Checkout’s plug in for WooCommerce, please visit here.
About Payoneer
Payoneer is the world's go-to partner for digital commerce,
everywhere. From borderless payments to boundless growth, Payoneer
promises any business, in any market, the technology, connections
and confidence to participate and flourish in the new global
economy.
Since 2005, Payoneer has been imagining and engineering a truly
global ecosystem so the entire world can realize its potential.
Powering growth for customers ranging from aspiring entrepreneurs
in emerging markets to the world's leading digital brands like
Airbnb, Amazon, Google, Upwork, and Walmart, Payoneer offers a
universe of opportunities, open to you.
About WooCommerce
WooCommerce is the leading open source, ecommerce platform,
powering 25% of the top million online stores (BuiltWith). Built on
WordPress, WooCommerce empowers anyone, anywhere, to sell anything
with truly unlimited extensibility, flexibility, and control over
how they build and evolve their business. Launched in 2011 and
acquired by Automattic in 2015, WooCommerce is a fully distributed
company with employees based around the world. woocommerce.com
Forward-Looking Statements
This press release includes, and oral statements made from time
to time by representatives of Payoneer, may be considered
“forward-looking statements”. Forward-looking statements generally
relate to future events or Payoneer’s future financial or operating
performance. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expect,”
“intend,” “will,” “plan,” “estimate,” “anticipate,” “believe,”
“predict,” “potential” or “continue,” or the negatives of these
terms or variations of them or similar terminology. Such
forward-looking statements are subject to risks, uncertainties, and
other factors which could cause actual results to differ materially
from those expressed or implied by such forward-looking statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by Payoneer and its
management, as the case may be, are inherently uncertain. Factors
that may cause actual results to differ materially from current
expectations include, but are not limited to the occurrence of any
of the risks and uncertainties set forth in the section entitled
“Risk Factors” and “Cautionary Statement Regarding Forward-Looking
Statements”, as well as any further risks and uncertainties
contained, in Payoneer’s Annual Report on Form 10-K for the period
ended December 31, 2021 and future reports that Payoneer may file
with the SEC from time to time. Nothing in this press release
should be regarded as a representation by any person that the
forward-looking statements set forth herein will be achieved or
that any of the contemplated results of such forward-looking
statements will be achieved. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. Payoneer does not undertake any duty to update these
forward-looking statements.
i https://trends.builtwith.com/shop, October 2022 ii
https://www.statista.com/statistics/1109833/usa-d2c-ecommerce-sales/
iii
https://www.salesforce.com/news/stories/customer-engagement-research/
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version on businesswire.com: https://www.businesswire.com/news/home/20221023005120/en/
Investor contact Michelle Wang investor@payoneer.com
Media contact Irina Marciano PR@Payoneer.com
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