Payoneer’s Global Payment Service allows us to have bank accounts in various countries and has given us access to millions of customers within the Amazon network. We have witnessed a 300% growth in payments since, with a five figure monthly revenue.
Challenge
Amazon requires sellers to own a bank account in US and we simply did not have the resources to undertake such a venture.
Solution
Payoneer’s Global Payment Service has given us access to millions of customers within the Amazon network.
Result
We have witnessed a 300% growth in payments since.
My name is Joachim Sebastian from Malaysia.
I am the Managing Director of Kismet Decals. We specialize in stickers for interior decor, corporate branding and automobiles. We work together with local and international designers and illustrators to bring curated art to homes around the world.
Amazon was one of the premier platforms that we had always set our sight on. From our market study, we knew that the Amazon brand built consumer confidence and being a fledgling business, selling on Amazon would legitimize us in a way.
However, Amazon requires businesses to own bank accounts in US to receive international sales. This was a huge barrier for us to overcome as we simply did not have the resources to undertake such a venture. When our products started getting international interest, we discovered that we had a full circle solution except that we could not get paid for what we delivered overseas. This was an obstacle that I spent months trying to overcome before hearing about Payoneer.
I came across a Payoneer ad one day that claimed to solve the biggest problem we had: the lack of a US bank account.
I followed the link to a simple application process and had the system up and running within the same month.
Payoneer’s Global Payment Service allows us to have bank accounts in various countries and has given us access to millions of customers within the Amazon network. We can now monitor all our transactions in within a single platform.
Payoneer also charges a very reasonable and low transaction cost with no withdrawal fee.
As an ecommerce business, transaction and marketplace fees can severely affect the way we do business. With Payoneer, you can be assured of getting the best available deal.
Payoneer has empowered us to sell on Amazon and we have witnessed a 300% growth in payments since, with a five figure monthly revenue. Payoneer boleh! Amazon boleh!
