Our turnover in year 7 was more than 30 times that of year 1. Our volume on Amazon has contributed around 60% of our income
Challenge
Making and receiving international payments in EUR and USD
Solution
Payoneer's Global Payment Service allows me to accept payments in more currencies as if I had local bank accounts
Result
Payoneer’s low fees have allowed us to allocate more money to expand our business, and to grow year over year
My name is Paul Donnelly, and I am the Managing Director of Something Crafty Ltd. I founded the company eight years ago, after taking voluntary leave from my job at Lloyds Bank for a change of pace from the standard 9-5. Initially, my wife Denise suggested selling beads online. At first, I was skeptical but after looking into it I realized just how amazingly popular jewelry making is.
I started my business by sourcing products from the Netherlands, Czech Republic, United States, Brazil, India and China and then selling the curated collection on marketplaces, like Amazon. At first, I was selling locally to the UK, and then expanded into Europe and the US. The high costs of these cross-border transactions led me to seek a more straightforward solution with lower fees.
I value the service from Payoneer, so I would not be tempted to leave.”
In May 2017, I started using Payoneer for my Amazon disbursements.
Apart from the obvious, better rates and low fees, I found a company I could trust. As an expanding and growing business, the team at Payoneer was super friendly, but beyond that helpful with possible solutions to my emerging business needs providing insights and opportunities to grow and expand my business on different marketplaces around the world.
With Payoneer, we get better rates, saving us thousands a year!
As the company founder, my vision is to keep expanding to new marketplaces and clients around the world. I also want to continue sourcing new products and diversify my suppliers, to find the best for my customers. I would like to double my turnover within the next three years and see Payoneer as a key partner in this success.
