Currency fluctuations and multiple currency conversions can be tough on international sellers and make a dent in your bottom line. In this webinar, we’ll show you how to turn this challenge into an opportunity!
3. 3
WHO IS PAYONEER?
Payoneer, headquartered in the US, who for
over 10 years has developed innovative
solutions to help companies & professionals to
work globally & get paid locally.
Payoneer’s eCommerce solution helps merchants
to grow their business on international
marketplaces, maximise their marketplace sales
revenue & provide transparency & control over
their funds.
4. 44
821 million
73.5% (603M)
are online
value in 2016
expected to total
€510 billion
Brexit decision has
devalued the sterling
by 10%
Also provides an opportunity for UK sellers to sell UK products cross border, which are now 10%
cheaper for European consumers.
Imported parts or products are now more expensive in GBP. But can compensate this by the
opportunity of an increase in the volume of sales to the eurozone, given the relative cheapness of
UK products to Eurozone consumers
Challenge for UK businesses?
Why?
POPULATION ECOMMERCE STERLING
CHALLENGE
EUROPE
5. 55
POPULATION
HAVE ACCESS TO
INTERNET
MADE AN ONLINE PURCHASE
MARKET
REPRESENTS:
RETAIL
TOP 3 SALE ITEMS:
RETURN RATE
64.53M
86% (55.5M)
64% (35.5M)
(IN 2015)
France is the
3rd biggest market with
€51.5 billion sales in 2013.
49% of French online
consumers bought a product
from a foreign country:
3 buying criteria
French consumers
consider to be the
most important:
delivery, price &
product.
ONLINE RETAIL GROWTH
Clothing, books & home electronics
6th most developed eCommerce
market in the world
2015 2016 2015 2016
16%
17.6%
8%
9%
€78.00
Average
transaction size:
24%
32%
36%
41%
*Source: Retail Research
** Source: PostNord
**
**
*
*
FRANCE
*
*
=
6. 66
WHY? HOW? WHAT ARE THESE?
To simplify the process for
Cdiscount sellers of repatriating
funds out of France, while
maximising their profit
Payoneer provides
Cdiscount sellers with a
euro receiving account
They are virtual bank accounts
that are located in the eurozone,
enabling Cdiscount to pay you for
your sales, by a local bank
transfer, in euros
Partnered in 2016
CDISCOUNT & PAYONEER
7. 77
PAYMENT FLOW
For a Payoneer
account and receive
your EUR receiving
account number
Your Payoneer EUR
receiving account
number to Cdiscount
Funds from
Cdiscount to your
Payoneer account
To your local back
account or pay your
suppliers
SIGN UP PROVIDE RECEIVE WITHDRAW FUNDS
ZERO landing fees in GBP
8. 88
HOW TO WITHDRAW YOUR MONEY?
Convert your EUR sales revenue to
your local bank account, in GBP, USD
or other currency
Know the % margin before you
convert your funds
Pay only for a local bank transfer (not
an international wire) Payoneer – via
FPS in UK & ACH in USA
TRANSFER TO BANK
9. 99
PAY SUPPLIERS FOR FREE
MAKE A PAYMENT
FREE SIMPLE 24/7 FAST
See how it works here
10. 1010
PAY BY CARD ANYWHERE ANYTIME
PAYONEER PREPAID MASTERCARD® CARD
COST EFFICIENT PRACTICAL GLOBAL SAFER THAN CASH
11. 1111
VIP SUPPORT
CUSTOMER SUPPORT 24/7
DEDICATED BUSINESS RELATIONSHIP MANAGER
TIERED PRICING
PARTNERED WITH AVALARA AND GVC
SAVE 2-3% ON VAT PAYMENTS
GET SUPPORT WITH VAT RETURNS
3RD PARTY
12. 1212
PAYONEER AT A GLANCE
MSB US & E-Money Licensed,
PCI DSS compliant
Fully regulated in the US, Europe and Hong Kong
150Currencies with local
clearing (no landing fees)
800Staff
12
Office locations
& Growing
35+
Languages
Supported
20,000+
Corporate
senders
~3MM
Customers
200+
Countries
& Territories
Billiions
of Dollars in volume
per year
60.9%
CGAR over past
6 years
$117MM
Revenue
2015
$200MM
Revenue
2016E
Profitable
Investors – TCV, Greylock, Carmel,
SGE, PingAn, Nyca, Wellington
13. 1313
PAYONEER AT A GLANCE
Millions of customers from over 200 countries receive billions of dollars annually in
more than 150 currencies
Built from the “ground up” to support thousands of digital businesses and now disbursing
funds to millions of beneficiaries globally
Payoneer brand has become meaningful with top-2000 Alexa rating, high level of customer
engagement and rapid customer growth globally
Technology, compliance and operations platforms designed to operate at scale
and support global reach
Profitable company with strong financial profile partners, investors and advisors, like Lazaro
Campos, former CEO of SWIFT, and Hans Morris, former President of VISA
- With a population of over 821 million of which 73.5% (603M) are online, eCommerce in Europe is huge.
Ecommerce value in Europe in 2016 expected to total €510 billion.
- The Brexit decision has had a massive affect on the Sterling, which has devalued @ 10% since the decision was announced.
- Market predictions are that sterling will continue to devalue against the Euro, however there are a lot of events happening in Europe in 2017 that are worth noting.
- Seen by many businesses as a challenge, this also provides an opportunity for UK sellers to sell UK products cross border, which are now 10% cheaper for European consumers.
- Why? Businesses that mainly import constituent parts or finished products, the fall in the pound had has an incredible affect on cost, but it should be possible to compensate this by the opportunity of an increase in the volume of sales to the Eurozone, given the relative cheapness of UK products to Eurozone consumers.
Merchants can access their account & see their transaction activity on their dashboard. Merchants can the decide what they would like to do with their funds.
The options for them are:
Withdraw to Bank.
Merchants can decide how much they want to convert with minimum of €100 WTB per transaction.
Banks are not keen to convert small amounts & will charge payment fees. The agreed margin is set in our back office & is applied to each transaction.
Payoneer will then deposit the converted funds into your selected bank account. In the UK, we settle via faster payments & in the U.S via local ACH network – No international settllements.
Make a Payment: Pay anyone in the Payoneer network - for FREE
Free – You won’t pay anything, even if you’re making an international payment
Simple – Pay customers in over 200 countries and territories. All you need is their email address
24/7 – Make payments any time you want by logging in to your Payoneer account
Fast – Your payment will land in their account within hours
Prepaid Card: Withdraw funds at ATMs worldwide & spend funds online and in stores
Cost efficient– pay online using EUR before converting the remaining into your local currency
Practical – access to cash whenever you need; use your prepaid MasterCard® to pay bills and manage expenses; make purchases everywhere MasterCard® is accepted.
Global - Accepted everywhere MasterCard® is accepted
Safer than cash - When you register your Mastercard, zero liability protects you from unauthorized purchases if your card is lost or stolen. You can't say that about cash.