kickstart your amazon selling career

KICKSTART YOUR AMAZON SELLING CAREERLearn the Secrets to Building a Profitable Marketplace Store from Southeast Asia

August 2016

Payoneer Premium Webinars

Featured Expert: Miguel Warren

Q&A & Chat Features

Twitter - #PayoneerLive

WEBINAR AGENDA

INTRODUCING MIGUEL WARREN

Country Manager of Payoneer Philippines

Involved with financial services technology since 2003

Payoneer is a leading cross-border payments company for small businesses and professionals worldwide

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THE GLOBAL OPPORTUNITY FOR E-COMMERCE AND ONLINE BUSINESS

By 2020, cross-border e-commerce market will growto $1 trillion and 900 millionpeople will be international

online shoppers

In 5 years, online shopping will see compound annual

growth of 27.4 percent

China is expected to drive much of the growth of

cross-border e-commerce in coming years


Cross Border Payments: Enabling Ecommerce and Online Businesses

GLOBAL ONLINE BUSINESS: CROSS-BORDER PAYMENTS

Cross-Border Payments Need to Connect Countries, Currencies, Businesses and Professionals

Emerging Online Businesses Need A Way to Receive Payments from Clients Globally


TRADITIONAL CROSS-BORDER PAYMENTS

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CORRESPONDENT BANKING

Cross-border payments are complex because national payments systems do not

generally support direct participation by banks in other countries. In cases where one

bank does not belong to the payment system, a domestic correspondent bank is

used to act on its behalf.

CorrespondentBank

InitiatorBank

InitiatorBank

Corresponding Bank

Relationship

SenderRemitting Country

ReceiverBeneficiary Country

CorrespondentBank

Payment System(Settlement Banks)

Payment System(Settlement Banks)



Traditional Cross Border Payment Considerations:

Time for funds to become available in local currencyLack of transparency for currency conversionCompliance with Know Your Customer (KYC)Limited ways to access the fundsCOST


Debit/Credit Cards Remittance ServicesLow payment thresholdsHigh feesMore suited to consumer P2P transactions

Challenges of merchant accreditationLow payment thresholdsHigh forex fees


INNOVATION IN CROSS-BORDER B2B PAYMENTS


According to McKinsey, B2B payment infrastructure and technology hasn’t changed in decades.

Around 60% of B2B payments require time-consuming manual intervention.

A LITTLE ABOUT

PAYONEER OVERVIEW


PAYONEER’S OFFERING


BILLINGSERVICE

GET PAID BYYOUR PEERS

LOCAL BANK WITHDRAWAL

GLOBAL RECEIVINGACCOUNTS

PAY OTHERFREELANCERS

WITHDRAW CASHAT ATMS

ONLINE & IN-STOREPURCHASES

PAYONEER GLOBAL MASS PAYOUT PARTNERS


GLOBAL COLLECTION ACCOUNTS IN USD/EURO/GBP/JPY


Provides you with international receiving accounts

Allows global companies to conveniently send you a payment in their local currency – as if you had a local bank account!

Receive funds from your Amazon Store!

SEAMLESSLY MANAGE YOUR PAYMENTS FROM AMAZON


THE CHALLENGES OF WORKING WITH DIRECT CLIENTS


Global PaymentService

Billing Service

Complexity The international payments industry is overwhelming for service providers & clients

Cost Current payment methods are not cost-effective for both parties

Late Payments 58% of service providers have had or will have issues receiving payment on time

PAYONEER’S NEW BILLING SERVICE


Bill your international clients directly & get paid via secure & cost-effective payment methods. Your clients do not need to register with Payoneer

Send a payment request to your client

Track and manage requests

Get Paid

PAYONEER VALUE PROPOSITION


Source: Unveiling the true cost of cross-border b2b payments (2016) by Let’s Talk Payments

Sending Country: Receiving Country: Transferred Amount:

$1,000

Final Amount Transferred (PHP)

Time of Processing (no. of working days)

Conversion Fee Charged

(% Above the Mid-Market Rate)

Fess Charged Cases

42,154.832-35.5%Wire Transfer Fee ($35)

Case I

43,379.224-72.5%4.4% of the Amount

Transferred + 0.30 Cents

Case II

44.707.602-42%2% (Fee Waived Based

on Volume of Payments Received)

Case III

REFER A FRIEND PROGRAM


Refer a Friend Friend Applies for Payoneer Account

You and Your Friend Get $25!

REACHING OUT TO MIGUEL


Get in touch with Miguel!Miguel Warren @ [email protected]

Q&A


Time for your Questions

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THANK YOU

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