Payoneer teams with eBay on marketplace payments
The Israeli global payment and commerce-enabling platform is set to start trading on Nasdaq through a SPAC merger at a valuation of $3.3 billion.
Israeli global payment and commerce-enabling platform Payoneer announced today that it is collaborating with eBay to enable sellers in select countries to get paid for their sales on eBay’s core marketplace. eBay says that with the help of Payoneer, eBay sellers will benefit from faster access to funds, greater flexibility managing multi-currency payments and expanded reach by enabling sellers to list on multiple international eBay sites.
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In early February Payoneer announced that it will go public through a a special purpose acquisition company (SPAC) merger with FTAC Olympus Acquisition Corp (Nasdaq: FTOC), at a company valuation of $3.3 billion. The merger will be completed in the first half of 2021 when Payoneer will start trading on Nasdaq.
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