As global demand for Filipino talent, goods, and services continues
to rise, the country’s growing community of SMBs and freelancers need to
be able to send and receive money securely and efficiently. But managing
international payments can often be confusing and costly without the right
tools in place. These small businesses are eagerly expanding into global
markets. According to Payoneer’s second annual
SMB Ambitions Barometer, half of Filipino SMBs say that reaching new customers is the biggest
benefit of going global. They also highlight improved innovation (62%),
access to higher quality supply chains (57%), and better financial
performance (54%). All that international activity comes with an increase
in cross-border payments. When looking for the best payment solutions for
freelancers and SMBs in the Philippines, SMBs want a platform that
supports the growth of their business and keeps finances on track in a
simple, uncomplicated way.
The opportunity and challenges of going global
As of February 2025,
28.2% of the Filipino workforce
are self-employed, and that figure is growing. 93% of businesses surveyed
for Payoneer’s
report
expect their revenue to grow in the next year, and 90% are optimistic
about the local economy. That said, with international expansion comes a
new set of challenges. While building brand awareness is a common concern
(cited by 38% of businesses), managing payments is something on the minds
of Filipino small business owners. Many feel trapped by outdated financial
systems, which are prone to delays and unexpected charges, and give users
little visibility over their transactions. Accessing capital is another
roadblock. SMBs in the Philippines often struggle to secure funding due to
limited credit history or inconsistent business performance. There’s a
pressing need for reliable, cost-effective payment solutions that don’t
eat into precious revenue. When it comes to international payment
processing for Filipino businesses, making things more transparent,
flexible, and straightforward will have a positive impact on these small
businesses that are so critical to supporting the Philippines’ global
growth.
What makes a good global payment platform?
Listening to what small businesses and freelancers are saying, it’s clear
that they have a good idea of what they want from a global payment
solution:
● Transparent fees with no hidden costs
● Receiving accounts in multiple currencies
● Simple setup and user-friendly tools
● Features that make compliance easier
● Support for multiple clients, platforms, and regions
Cross-border payments for e-commerce and services need to feel as
frictionless as local ones. That’s where Payoneer’s e-commerce solutions
come into play.
Why Filipino freelancers and SMBs use Payoneer?
Payoneer’s tools are designed for global business. Its platform makes it
easier to manage digital payments and have clear visibility of their
financial activity.
Currency receiving accounts
Payoneer users can receive funds in major currencies like USD, EUR, and
GBP when receiving payments, allowing them to be paid by overseas clients
more easily, without having to open and maintain multiple financial
accounts abroad.
Filipino businesses enjoy Payoneer’s pricing transparency. If you’re
looking for affordable payment gateways, being able to avoid surprise
charges is a big advantage, especially when dealing with smaller payments
or frequent transactions.
Built for individuals and small teams
Payoneer’s platform is well-suited for freelancers and growing SMBs.
Whether you’re a designer, e-commerce seller, or service provider, you can
use Payoneer to collect payments globally without time-consuming
onboarding.
Global reach, local understanding
Filipino businesses work with a lot of clients in the US, China, and
Canada, making Payoneer’s international capabilities a major asset. In
fact, 63% of Filipino respondents to Payoneer’s study say having a diverse
vendor network helps them stay resilient, so the scalable payment tools
Payoneer offers its users really support that diversity.
Supporting digital-first businesses
Digital transformation is rapidly changing how we do business. 84% of
Filipino SMBs say new technologies are helping them innovate, and 46% cite
digitization as instrumental in helping them enter global markets.
Payoneer is fully tapped into this digital-first mindset with tools that
integrate with a wide range of major e-commerce and freelance platforms.
A guide to global e-commerce payments
Being able to handle payments smoothly is vital for Filipino businesses
selling online. Payoneer supports cross-border payments for e-commerce
with features such as:
● Receiving accounts for marketplace payouts
● Options to manage multiple currencies in one dashboard
● Support for paying international vendors or contractors
● Easier reconciliation of overseas transactions
This means more time to focus on products and customers, and less on
chasing payments or dealing with admin.
Getting started with Payoneer
Setting up with Payoneer is simple and can be done online:
-
Sign Up: Visit the
Payoneer website
and click on the 'Open your account' or 'Register' button.
-
Provide personal and business information: You'll be prompted
to enter details such as your name, contact information, and business
details.
-
Verification: Submit necessary identification documents and any
required business documentation for verification purposes.
-
Link bank account: Once verified, you can link your Philippine
bank account to your Payoneer account to facilitate withdrawals in
PHP.
-
Receive payments: After setup, you can start receiving
international payments through your Payoneer account.
Whether you’re just beginning your freelance career or looking to scale
your SMB, Payoneer’s can help support your next steps.
Empowering Filipino businesses to go global
The freelance economy in the Philippines is expanding fast, and so are the
global ambitions of the growing self-employed workforce. As international
transactions become the norm, so does the need for infrastructure that
supports them.
Payoneer meets that demand in a way that traditional financial systems
can’t, offering a flexible and cost-conscious solution for international
payment processing for Filipino businesses. When looking for best payment
solutions for freelancers and SMBs in the Philippines, Payoneer promises a
powerful solution.
Explore what Payoneer can do for your business. Sign up today and see how
easy global payments can be.
Payoneer Global Inc. is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital Read more...
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