Payoneer Gives Organizations A Better Way to Pay Worldwide

Direct selling firms using this approach include FreedomRocks™, an investment strategy program network. FreedomRocks joins hundreds of companies across many industries that use smarter global payment approaches, and turn the payment process as a marketing tool, instead of a cost-center.

Accessing funds internationally presents unique challenges such as high wire transfer fees, delayed processing, and lengthy bank hold times on paper checks. FreedomRocks, whose online investment strategy network program has thousands of Independent Representatives in over 80 countries, implemented Payoneer after it faced challenges in fulfilling international payments.

By choosing a “pay me by plastic” option, FreedomRocks’ Independent Reps receive speedy payment, immediate liquidity, and greater convenience in spending their earnings than offered by other direct-sales networks. They avoid costly bank wire transfer or check cashing fees, bureaucratic hassle, lost or stolen checks, or high bank foreign exchange rates.

Issued by First Bank of Delaware and operated by Payoneer®, the Prepaid MasterCard cards are accepted worldwide at any store, online site or ATM that accepts Debit MasterCard cards. If the MasterCard card is ever lost or stolen, the cardholder is protected by MasterCard Zero Liability.*

“Branding the FreedomRocks logo right beside MasterCard makes an incredible statement about our company and our commitment to our Independent Reps,” said Mark Hughes, chief financial officer of FreedomRocks, Inc, whose program teaches people how to self-trade in off-exchange, retail foreign currency markets. “Card branding reminds our Independent Reps of where they earned their funds each time they use the card. It also makes a superb billboard for downline recruiting and marketing, while enabling us to deliver fast, low cost, earnings to our members.”

“Growing business sectors such as the direct-selling space are of strong interest to us, along with our MasterCard service providers like Payoneer,” said Alonzo Primus, President and Chief Operating Officer of First Bank of Delaware. “We are eager to help industry leaders such as FreedomRocks to build stronger businesses through innovative payment solutions.”

”Direct selling organizations like FreedomRocks have the global reach and dispersed workforces that make them a perfect fit for Payoneer’s prepaid payout solutions,” said Yuval Tal, CEO of Payoneer. “We help them turn the payment process from a liability into a valuable branding tool, while reducing the cost and complexity of international payments.”