How to Buy Payoneer Stock [2024]

Summary: Payoneer, a major player in the financial services sector, is publicly traded on the NASDAQ Exchange under the ticker PAYO. To buy Payoneer stock, choose a regulated online trading platform like eToro.

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What is Payoneer?

How to Buy Payoneer Stock: homepage screenshot. — Payoneer’s homepage. Source: Payoneer.com

Payoneer Global Inc. (NASDAQ: PAYO), recognized for its bank-grade security and stability, is a payment and commerce-enabling platform that facilitates quick and efficient international transactions, serving millions globally. The company provides various services, including cross-border payments, B2B accounts management, multi-currency accounts, and both physical and virtual Mastercard cards. Its offerings extend to working capital, merchant services, and compliance and risk management, making it a significant entity in the financial technology sector.

Payoneer is listed on the Nasdaq Exchange under the stock symbol PAYO and is a component of the S&P 600.

How to buy Payoneer stock? A step-by-step process

Follow these steps to buy Payoneer stock:

Step 1: Choose a Broker

To buy Payoneer stock, start by selecting a reliable online broker. We recommend eToro, which is known for:

Commission-free stock trading;
Access to over 2,000 stocks from 17 exchanges;
Fractional shares;
Copy-trading and Smart Portfolios;
Intuitive user interface.

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

For readers interested in diversifying their investment portfolio within the fintech sector, here are several compelling companies to consider, each offering unique opportunities in various aspects of financial technology:

Block Inc. (NYSE: SQ);
Adyen (Euronext Amsterdam: ADYEN.NV);
SoFi Technologies, Inc. (NASDAQ: SOFI);
LendingClub Corporation (NYSE: LC);
Robinhood Markets, Inc. (NASDAQ: HOOD);
Affirm Holdings, Inc. (NASDAQ: AFRM);
Wise plc (LSE: WISE.L);
Global Payments Inc. (NYSE: GPN);
PayPal Holdings, Inc. (NASDAQ: PYPL).

Each company offers a distinct approach to financial technology and services, from facilitating online payments and money transfers to providing innovative lending solutions and investment platforms. Their diverse range of services and market positions provide varied investment opportunities in the evolving landscape of fintech.

Step 2: Open and fund your account

Once you’ve chosen a broker, create an account on their platform, providing the necessary personal details. Deposit funds using bank transfers, credit cards, or digital wallets.

Step 3: Place your order to buy Payoneer stock

To buy Payoneer stock:

Search for Payoneer using the ticker symbol PAYO on your broker’s platform;
Select “Trade” or “Buy;”
Enter the number of shares or investment amount;
Choose the order type: limit or market;
Review your order;
Confirm the purchase.

Step 4: Monitor your investment in Payoneer

Regularly check the performance of your Payoneer shares using your broker’s tools, stay updated with the company’s financial reports, and keep an eye on news and trends in the fintech sector. Additionally, reassess this investment in the context of your overall investment goals and risk tolerance.

Payoneer stock price today

Pros and cons of buying Payoneer stock

Pros

Growing market demand: With increasing globalization and digital commerce, there’s a rising demand for international payment solutions, which is where Payoneer operates;
Diverse client base: Payoneer caters to a wide range of users, from small businesses and marketplaces to freelancers and large enterprises, offering diverse revenue sources.

Cons

Intense competition: The fintech and cross-border payment space is highly competitive, with major players and emerging startups vying for market share;
Market sensitivity: As a fintech company, Payoneer’s stock may be sensitive to market fluctuations, especially those affecting the tech and financial sectors.

In conclusion

To buy Payoneer stock:

Open a brokerage account;
Deposit funds to your account;
Place your order via your brokerage;
Monitor your investment.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Payoneer stock