Payoneer is an Internet-based financial services business that allows users to transfer money and receive Payoneer is an Internet-based financial services business that allows users to transfer money and receive payments through re-loadable prepaid MasterCard debit cards. Payoneer is a registered Member Service Provider (MSP) of MasterCard worldwide. The Company is headquartered in New York City with R&D offices in Tel Aviv, Israel.Payoneer was founded in 2005 with $2 million in seed funding from CEO Yuval Tal and other private investors. An Israeli venture capitalist firm Greylock provided an additional $4 million in funding in 2007.^[1] It has also received funding from Carmel Ventures, and Crossbar Capital.^[2][3] iStockphoto began using the service in 2007 in order to provide royalty payments to contributing artists.^[2] Payoneer cards were used by the suspects in the assassination of Mahmoud al-Mabhouh for planes and hotels in their operation in 2010Payoneer is an alternative to Paypal, wire transfer services and online payments that provides users with refillable debit cards.^[6] The cards are issued through Mastercard and can be used at ATMs or at the point-of-purchase.^[7] It is often used to provide payments to "remote, dispersed populations