Want to know how to transfer money from Paypal to Payoneer? Withdrawing money from Paypal to Payoneer saved a good number of people before especially numbers from Paypal unsupported countries. All they needed was to own a Payoneer Prepaid Debit MasterCard, a virtual bank account in Bank of America (opened through Payoneer) linked to their respective Paypal accounts. Very many were able to withdraw money from Paypal to Payoneer even from unsupported countries. This led to an increase in the number of fake Paypal accounts being created hence, forced Paypal to stop ACH transfers to american bank accounts associated with Payoneer. Even linking Payoneer to Paypal became impossible but a few people still get it right.
Am going to show you the exact tricks you need to withdraw money from Paypal to Payoneer but i can’t guarantee this will work for everyone especially if you live outside the US. I will explain the reasons why this might not work for everyone below. Some people have successfully linked their Payoneer accounts to Paypal even up to today and are using it for Paypal withdrawals.
Now like i said before, this might not work for everyone but on a second thought it might do if you follow the exact steps below. Before we get started i want you to ask yourself something, why would a US citizen use Payoneer to withdraw funds from Paypal yet Paypal supports their country? Fact is there is no reason for that though there is still a small percentage of people who do it. If you register for a Paypal account from a different country and apply for a US virtual bank account via Payoneer then your Payoneer account might never get linked to your Paypal account. The ones that get linked are automatically removed after some time. So the only way out is to open up a US Paypal account under the exact names as your Payoneer Card and you should be able to withdraw money from Paypal to Payoneer.
To benefit from this tutorial i assume you have a:
- US Paypal Account (If you don’t have click here to sign up)
- Payoneer Account (If you don’t have click here to sign up)
The link i shared above will automatically change your country to USA while registering for Paypal. Make sure you use the exact names as you used on your Payoneer account and also use a real address of any US citizen you know (Could be a friend, relative or someone else). If your friend is not registered on Paypal you could think of using their telephone contact as well while registering for a Paypal account.
How do we withdraw money from Paypal to Payoneer
If you manage to successfully open up a Paypal account and own a Payoneer account as well, all you have to do is use your Payoneer account to verify your Paypal account. Follow the steps below to verify your Paypal account using Payoneer.
Step 1 – Add funds to your Payoneer Prepaid Debit MasterCard
You should be having some money on your Payoneer Prepaid Debit MasterCard that Paypal will use for verification. If you already have some money on your Payoneer Card then this step is irrelevant for you but in case you don’t then you might have to use these simplest ways to add funds to Payoneer Card to guide you on how to send money to Payoneer accounts. You don’t need to add a lot of money, $1 or $2 should be enough for verification. This money is deducted by Paypal in two intervals and later refunded to your account after verification.
Step 2 – Apply for US payment service
If you already have US payment service enabled on your Payoneer account then skip this step but if you don’t then you have to apply for it. Approval usually takes 2 – 4 days and a confirmation email is usually sent upon application’s approval. The email contains all your bank details (Bank number, routing code, bank account name, account number and account type).
Step 3 – Link Paypal account to US Payment Service
The next step is verifying your Paypal account using US payment service. Login to your Paypal account, go to settings and click on ‘Profile & Settings’, ‘My Money’ then add a new bank under bank accounts. Make sure you choose to get verified using a bank account and not credit card. Select Checking as your account type and enter the bank details you received from the US payment service the way they are and wait for your application to be processed.
Step 4 – Verify Paypal account
Once processed, Paypal will automatically deduct two small amounts of money from your Payoneer account and send them back. You have to keep checking your Payoneer account until you see the figures in your transaction history then login to Paypal and enter the exact figures on the verification form to verify your account.
This should get your Payoneer account verified and linked to your Paypal account. In case Paypal rejects the bank details try calling customer care and tell them you are failing to link your bank account to Paypal but make sure you don’t mention Payoneer anywhere in the conversation. After talking to Paypal, you may try linking again and this time round it should link. For some people it took a second try to get their US bank accounts accepted by Paypal.
Once your account is verified you can now transfer your funds from Paypal to Payoneer successfully. The funds usually take 2 – 5 days to reflect on your account and once they do you can as well withdraw your funds from Payoneer to your local bank account or alternatively visit any MasterCard supported ATM machine near you and withdraw you money. You can learn how to withdraw Money from Payoneer for the exact procedures to follow when withdrawing funds from Payoneer.
The reason why most Payoneer associated bank accounts are rejected by Paypal is because people use them on non-US Paypal accounts. If you can open up a US Paypal account and enter a correct address on it you should be able to link your Payoneer account to Paypal. Give this a try and see how it goes, if it works for you feel free to share your experience below. It has worked for me and i believe it can work for you too for as long as you have an active Paypal account but in case it doesn’t work or you get caught in the process, i suggest you try withdrawing funds through a friend or relative who lives in a supported country or alternatively you sign up for an online freelance site, create a task and do it yourself then get paid through Payoneer.