Payoneer Stories: Teespring Reduces Market Barriers For Global Sellers With Payoneer Solutions

Payoneer Stories: Teespring Reduces Market Barriers For Global Sellers With Payoneer Solutions

December 5, 2019 3 By Luis Garrison


My name is Walker Williams, I’m the co-founder and CEO of Teespring Teespring is a platform for entrepreneurs, we think about our mission as empowering anyone Anywhere in the world to create and sell custom products without risk cost or friction, all of these amazing ideas and sparks of creativity in the world How do we actually facilitate taking those ideas from somebody walking down the street talking with a friend all the way through helping that person turn that into a product reach market without all of the traditional risks and costs associated Our job is to reduce all the points of friction all the barriers all the things that cause those ideas to putter out never make it to market. My name is Max I’m a risk analyst at Teespring my job revolves around mitigating fraud and then sending out payments to our sellers So sellers are coming to our site They’ll create what’s called a campaign which is a shirt or you know you know a type of product then they’ll market it and then buyers will buy it and after a buyer has bought or an order is placed they generate a profit I’m Bridget’s Sauer and I manage Teespring’s global community as our seller community has grown and diversified we’ve really needed to find a solution for them to get paid out quickly and efficiently as our sellers are building businesses and payments are at the core of how they can reinvest the funds they are making back into advertising to really scale their brands. Now we’ve expanded to countries like Vietnam to Bangladesh to India and with that diversification We’ve really had to find a payment solution that fits the bill for everybody across the globe and Payoneer is really done that for us There’s a function in Payoneer where we can mass approve or mass send out payouts or payments to our sellers but before we want to send out a profit, we want to make sure that there’s no fraud there that the profit is actually earned We use Payoneer as one of our payment solutions. I’d probably say that Payoneer is the best solution we have it expands globally we have no issues with anybody wherever they are trying to if we’re trying to pay them out via Payoneer That said we also experienced the lowest amount of fraud through payoneer They have some pretty good models that stop, prevent, deter, if you will, fraud before it ever reaches us Today we’ve shipped tens of millions of products, and we’ve helped entrepreneurs around the world Forty percent of our business is from international sellers We’ve helped people make a quarter of a billion dollars of profit on Teespring by facilitating these ideas and helping people grow so when I think about Payoneer and the value that Payoneer delivers the Teespring it’s one of these points of friction especially for international sellers How do we reduce the friction of actually being able to access your funds easily quickly and effectively and so Payoneer has been a great partnership for us to reduce that friction and make teespring a platform that truly is accessible to anyone anywhere