Payoneer is available in more than 90% of countries in the world, so if we plan to expand in almost any country, we can do it through Payoneer.
Challenge
We needed to use a lot of different ways to get payments through from different countries.
Solution
Payoneer enabled us to open our own bank account in every country where we are selling so we keep our profit margins for ourselves.
Result
We can confidently plan to expand into almost any country in the world, because we know that Payoneer is there to manage our payments.
My name is Abhishek Middha. I’m the founder of AND Exports and also of the brand The Boho Street. A few years ago in India, online commerce was booming. I started poking around and got into eBay, Amazon, and Etsy. We started selling one or two products a day and finally settled on selling tapestries. That’s how my own startup, AND Exports, was born.
Now we have a range of more than 15 different products. But for the last three years, tapestry has been one of our biggest hits in the US, Europe, Australia, and Canada. In 2015, The Boho Street was born. We have our own label on items now. We look after the quality and manufacturing of tapestries and other items, so we are different from the general market because we have our own brand and quality which is registered in the US and India, and we’re in the process of registering in the UK as well.
WE WERE USING A LOT OF DIFFERENT WAYS TO GET PAYMENTS.
To get payments from so many different countries, we needed a lot of different ways to get payments through and were losing profit margins.
WITH PAYONEER, WE GET OUR OWN BANK ACCOUNT IN THE HOME COUNTRY WHERE WE ARE SELLING.
This enables us to keep our margins to ourselves. From an entrepreneurial point of view, that is the best you can get. Having a bank account in different countries without having to do any paperwork is an amazing thing.
I DO NOT THINK ANYTHING ELSE COULD BE BETTER THAN THIS.
Amazon Australia has just launched, so we are putting our products there as well. With Payoneer, charges are minimal. We have our own bank account in different countries while we’re sitting here in India. What else could we expect from a company like Payoneer?
PAYONEER HAS PROVIDED US WITH AN EQUAL SYSTEM FROM WHICH WE CAN EXPAND IN DIFFERENT MARKETS.
Our future plans are basically for expansion. Payoneer is available in more than 90% of countries in the world, so if we plan to expand in almost any country, we can do it through Payoneer.
