Payoneer is a licensed and regulated global payment platform serving businesses in more than 200 countries and 100 currencies. Payoneer provides comprehensive services that will enable us to pay artists all commission and prize payments more quickly and effectively, as well as securely storing and managing artists’ tax forms. Transitioning to Payoneer will have many benefits for artists such as increased data protection, more payment methods, including direct deposits in local currency, payment options with zero fees, and a 24-hour support team.
Payoneer protects all personal financial information with strong encryption so that this data is not accessible to anyone outside of Payoneer. All access points to the Payoneer platform are protected by secure firewalls and virus detection systems to ensure maximum security. All artist data will be removed and destroyed from the Minted system upon our transition to this new platform.
Additionally, artists will no longer need to pay transactional fees, including foreign exchange fees, as Minted will offer payment option of direct bank deposit in local currency and fully cover all fees for such deposits. Only the Prepaid Mastercard® payment option, if selected, may be associated with variable fees not controlled by Minted.
Questions about your Payoneer account? Please contact Payoneer’s 24-hour support team here.