Startup Meme: Payoneer Raises $4M For Payment Service

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Payoneer – http://payoneer.com , a New York based startup that lets bloggers use prepaid debit cards to pay their errands, has recieved $4M from Greylock Partners. Earlier investor Crossbar Capital and Cross Bearm Capital also participated in the round. This takes the total capital raised so far to $5M.

The unique feature of Payoneer payments is the debit option, which makes it easier for bloggers and other small businesses to make payments. Other payment services do not allow you to have debit option, which makes payment a rather time consuming activity, more so if its an international payment. So in essence its a prepaid MasterCard, with fewer setup steps, and is easier and cheaper than PayPal.

www.Payoneer.com has forged partnerships with Bitwine, RBSLynk, Oranim, Plimius, Amie Street, MasterCard, Macdonalds, Metacafe, ODesk, Paint Your Like and ROI Rocket among others.

http://startupmeme.com/2007/03/27/payoneer-raises-4m-for-payment-service/

AC: BitWine will soon launch the Payoneer payout solution which will complement the global reach of BitWine’s payout system to countries that are currently not covered by PayPal.