Payoneer recently got into the escrow business to challenge front runner Escrow.com.
Elliot did an interview with Scott Reynolds, President, Payoneer Escrow.
Venture Beat is reporting this morning they just raised $180 million.
Digital payments company Payoneer has raised a whopping $180 million in a series E round led by Technology Crossover Ventures (TCV), with participation from existing investor Susquehanna Growth Equity.
Founded in 2005, New York-based Payoneer’s platform serves to help businesses around the world make and receive payments in their own currency. It includes additional services such as regulatory compliance, tax-form automation, and risk monitoring and basically joins the dots between countries, companies, and currencies, making the process of trading internationally easier and cheaper.
even though their escrow service might prove to be better than escrow.com, just the fact that escrow has the name recognition (and the domain) will be hard to compete with.
Escrow.com was built off the back of domainers. If sellers do not open transactions for 4,5,6,7 figure domains they do not make money.
If sellers divert their leads to Payoneer well watch out Escrow
Escrow.com better fix their issues fast or they are going to lose all their domainer clients
does Payoneer transfer funds to universal sellers ,using paypal.com unlike escrow.com?