Avangate pays vendors and affiliates using the new Avangate Prepaid MasterCard powered by Payoneer

Vendors and Affiliates worldwide now have immediate access to their earnings, more conveniently and cost-effectively

Avangate, full service provider of electronic software distribution and reseller management solutions for software vendors, announced today that it has partnered with Payoneer™ Inc. to offer both vendors and affiliates a faster, less expensive and more convenient payment option compared to paper checks and wire transfers.

They may now choose to get paid directly to their own Avangate Prepaid MasterCard® and enjoy immediate access to their payments. The universally accepted, Avangate-branded cards can be used for making purchases or cash withdrawals at any point of purchase or ATM worldwide that accepts MasterCard®.

The Avangate Prepaid MasterCard is particularly appealing to software vendors and affiliates who otherwise are subject to high bank fees and lengthy delays when receiving payments by wire transfer. The Avangate Prepaid MasterCard allows international vendors and affiliates to spend or withdraw cash in local currency at favorable exchange rates, round the clock.

Secure and convenient, cardholders can check their accounts and perform transactions online 24/7. If a card is lost or stolen, Payoneer cancels the card and transfers the remaining balance to a new replacement card.

"We are pleased to be working with Payoneer so our software vendors - particularly those who sell exclusively online and want to be paid also online - can take advantage of this fast and easy payment alternative", noted Avangate Global Sales Manager, Laurentiu Ghenciu.

"For eCommerce providers like Avangate that serve suppliers around the world, an international payment method that is fast, inexpensive and convenient is a necessity," commented Yuval Tal, CEO of Payoneer. "With the co-branded prepaid debit MasterCard from Payoneer, Avangate can reinforce their brand to suppliers while offering them a better way to get paid."

About Payoneer, Inc.

Founded in 2005, Payoneer Inc. provides hosted payout solutions for companies that pay people worldwide using prepaid debit MasterCard®, wire transfers, and e-checks. The company targets affiliate networks, video sites, Internet payment service processors (IPSP's), and any other company that pays out to people on the Internet. Payoneer has tens of thousands of Payoneer-powered cards in circulation. The company is a registered MSP with MasterCard® Worldwide, and an approved partner of Royal Bank of Scotland, and First Bank of Delaware. Based in New York, Payoneer maintains its R&D center in Tel Aviv, and is privately held with funding from Greylock Partners and Crossbar Capital. For more information, please visit www.payoneer.com.