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Remote Workers From Aroundthe World Can Now Access Their Earnings Faster and MoreCost-Effectively Than Ever Before
Today oDesk (www.oDesk.com), anonline marketplace that allows companies to hire, manage and pay remotetechnical workers around the world, announced that oDesk providers cannow sign up to receive an oDesk prepaid Debit MasterCard to accesstheir earnings from anywhere in the world. The oDesk prepaid DebitMasterCard, powered by Payoneer, a provider of Web solutions for payingpeople worldwide, will be available to freelance providers andaffiliate managers on oDesk in May 2007. oDesk is the onlyremote work marketplace to offer its providers a prepaid debit card asa payment option.
The oDesk prepaid Debit MasterCard will allowoDesk’s global providers to receive their earnings paid inU.S. dollars directly onto their card. Using the card,recipients can withdraw cash from any Automated Teller Machine (ATM)with a MasterCard logo worldwide, and make debit purchases anywherethat MasterCard is accepted, in stores or online. With some of thelowest fees and best exchange rates of any international paymentmethod, the oDesk prepaid Debit MasterCard will enable faster, easieraccess to funds for providers, who in many countries face limited,costly options when it comes to receiving international payments.
“More and more softwaredevelopers and technologyfreelancers are working for overseas companies, takingadvantage of better pay and more opportunities than are typicallyavailable in their local markets,” said Gary Swart, chiefexecutive officer of oDesk. “By offering the new oDeskprepaid Debit MasterCard, we’re giving our providers afaster, simpler and more secure way to access their earnings and wehope to continue to encourage them to look beyond the horizon for excitingjob opportunities.”
oDesk is a marketplace for remote technology workers thatoffers a unique set of integrated management and collaboration tools tohelp employers track project progress and collaborate with team membersas though all were working in the same office. There are currently morethan 11,000 providers from 50 countries working for thousands ofcompanies worldwide through the oDesk platform. The company recentlyannounced that more than $10 Million has been spent on outsourcedtechnology jobs through its remote work marketplace.
“oDesk typifies the innovative Internet companiesthat realize payment is more than just a process for moving money– it’s an opportunity for creating a unique companyidentity and truly reducing costs for payees,” saidYuval Tal, CEO and founder of Payoneer.
Payoneer manages the Web payout business for leading firms inthe Internet economy. With thousands of co-branded cardsunder management worldwide that meet the highest security and cardissuing standards, Payoneer helps companies pay out their partnerscost-effectively, everywhere. Cards are quickly reloaded, andenable recipients to easily check their balance and transaction historyonline, 24/7. If a card is ever lost or stolen, Payoneer willcancel the card and transfer the remaining balance to a new replacementcard.
About oDesk
Every day, oDesk helps people all over the world worktogether, as if they were seated in the same office. Founded in 2004,oDesk (www.oDesk.com) is a global marketplace for programmers andtechnology freelancers that enables businesses to build and manageremote teams. Hiring managers can search the oDesk network and choosefrom among thousands of tested, top-rated technology professionals inover 50 countries around the world. Using oDesk web-based collaborationtools, project managers can visually track and verify all workperformed, both historically and in real-time. oDesk is venture-backedby Benchmark Capital, Globespan Capital Partners and Sigma Partners.
About Payoneer Inc.
Founded in 2005, Payoneer Inc. provides hosted payoutsolutions for companies that pay people worldwide using prepaid debitMasterCard®, wire transfers, and e-checks. Thecompany targets affiliate networks, video sites, Internet paymentservice processors (IPSP’s), and any other company that paysout to people on the Internet. Payoneer is a registered MSPwith MasterCard Worldwide, and an approved partner of Royal Bank ofScotland, with its RBSLynk solution, and First Bank ofDelaware. The company is based in New York, maintains itsR&D center in Tel Aviv, and is privately held with venturefunding from Greylock Partners and CrossbarCapital. For more information, please visitwww.payoneer.com.
MasterCard is a registeredtrademark of MasterCard Inc. Payoneer is a trademark ofPayoneer, Inc. All trademarks, trade names, servicemarks, and logos referenced herein belong to their respective companies.
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