Payoneer launches new product features for SMB growth

Thursday 21 December 2023 10:36 CET | News

Fintech company empowering SMBs to transact, do business, and grow globally Payoneer has launched new features to improve the customer experience and help entrepreneurs connect with the global economy.


The product upgrades seek to help SMBs worldwide increase payment efficiency and add more flexibility and control.

Payoneer’s new product features for SMB growth

Based on the announcement information, key new features include greater flexibility and control with Add Funds, better experiences with Payoneer Checkout, and increased efficiency when managing payments.

Detailing first the ‘Add Funds’ function, this marks a new development in Payoneer’s capabilities, helping customers better manage their finances, as they can now easily add single-currency funds into their multi-currency Payoneer accounts directly from their local bank accounts. This feature enables greater financial flexibility and control for SMBs to leverage their funds for ordering inventory, purchasing services, or paying contractors via their Payoneer account. As of now, the new capability is live in select countries in Latin America and Europe, with further rollout planned in the future.

Payoneer launches new product features for SMB growth

Moving onto Payoneer Checkout, the solution empowers SMB merchants to accept payments from global customers shopping for goods and services at their online stores simply and securely. Payoneer Checkout has seen significant growth following its 2022 launch, as SMBs increasingly rely on it to scale their business. Updates include new pre-dispute alerts to help SMB merchants avoid costly chargebacks. What is more, the Native Shopify checkout feature helps merchants provide their customers with a simplified payment experience when shopping at their Shopify store. With this update, the checkout process becomes native, helping remove redirects so that consumers are enabled to pay on the same page within the online store.

Other feature updates support multiple payment requests, providing Payoneer account holders with increased flexibility and helping save them time. Exemplifying this, the press release details that as part of the latest feature release, Payoneer improved bulk payment processing for customer convenience. Batch payment requests can now handle up to 200 requests simultaneously, and batch payments now support sending funds to 500 accounts at once. Furthermore, an upcoming role management feature is set to help distribute workloads by enabling account owners to set up contributor roles for staff.

When commenting on the announcement, company officials said that SMBs trust and grow with Payoneer as it looks to constantly evolve to help them in ways that give them increased control and flexibility. Talking about the latest feature releases, the spokesperson advised that the new ‘Add Funds’ solution gives customers more control over their finances, ensuring they have the necessary funds available to make payments globally. Moreover, the updates to Payoneer Checkout help customers accept online payments via their web stores easily and safely, contributing to a higher customer conversion rate.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: product launch, payments , SMEs, paytech, fintech, checkout optimisation , batch processing, online payments, digitalisation, marketplace
Categories: Payments & Commerce
Companies: Payoneer
Countries: World
This article is part of category

Payments & Commerce


Discover all the Company news on Payoneer and other articles related to Payoneer in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events