Payoneer (NASDAQ: PAYO) renewed its strategic partnership with global marketplace Etsy. The agreement extends for three years, through 2029.
The renewal solidifies Payoneer's role as a key payments partner for Etsy sellers. Payoneer manages cross-border payouts in 16 markets. These markets span Asia, Europe, South America, and the Middle East.
The collaboration began in 2023. It enables tens of thousands of sellers to access earnings and manage their businesses globally.
Through Payoneer's platform, Etsy sellers receive funds in USD. They can withdraw funds to local bank accounts. Sellers also manage finances in over 70 currencies, simplifying international commerce.