kickstart your amazon selling career
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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
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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
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TRADITIONAL CROSS-BORDER PAYMENTS
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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 PAYMENTS
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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
TRADITIONAL CROSS-BORDER PAYMENTS
Debit/Credit Cards Remittance ServicesLow payment thresholdsHigh feesMore suited to consumer P2P transactions
Challenges of merchant accreditationLow payment thresholdsHigh forex fees
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INNOVATION IN CROSS-BORDER B2B PAYMENTS
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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
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PAYONEER’S OFFERING
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BILLINGSERVICE
GET PAID BYYOUR PEERS
LOCAL BANK WITHDRAWAL
GLOBAL RECEIVINGACCOUNTS
PAY OTHERFREELANCERS
WITHDRAW CASHAT ATMS
ONLINE & IN-STOREPURCHASES
PAYONEER GLOBAL MASS PAYOUT PARTNERS
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GLOBAL COLLECTION ACCOUNTS IN USD/EURO/GBP/JPY
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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
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THE CHALLENGES OF WORKING WITH DIRECT CLIENTS
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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
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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
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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
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Refer a Friend Friend Applies for Payoneer Account
You and Your Friend Get $25!
REACHING OUT TO MIGUEL
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Get in touch with Miguel!Miguel Warren @ miguelwa@payoneer.com
Q&A
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Time for your Questions
?
THANK YOU
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