Most freelancers and retailers all around the world have a Payoneer and PayPal account. But, there’s always a question among the users: Can Payoneer be linked to PayPal?
If you want me to be specific on this, then yes, you can link payoneer with paypal. Initially, it’s permitted to the regions where the account exists, but the user can’t use it for withdrawal. Therefore, you must have to use PayPal only if you are from those restricted regions or countries.
What is Payoneer
Payoneer is a cross-border financial company and a virtual platform for payment. Now, it’s giving tough competition to PayPal as it provides service to over 200 countries. Also, Payoneer is attached with the global credit card company Mastercard. Notably, it has more active payment methods in those countries where PayPal is not official.
What Payoneer Provides
According to Payoneer’s financial results, its revenue increased 23% in the first quarter of 2021 than in 2020. So, it’s a booming platform for online payment. That’s why you can receive payments from trusted brands like Amazon, Mediavine, etc.
Especially clients from anywhere in the world can’t do a local bank transfer for payment. You can link your PayPal account with it and receive your money from anywhere legally. Now, it has seven international currencies available to deal with the payment.
Surprisingly, its payment fees are not more than 1% of the amount received from the client. Moreover, the currency conversion is lesser than other platforms. Also, you can withdraw your payment through a Payoneer debit card from your local ATMs.
Nevertheless, you can have your detailed monthly statements by confirming when a transaction happens.
Why Link to PayPal
PayPal is the standard choice when you want to pay anyone online or take the payment. However, PayPal is currently unavailable over twenty countries whereas Payoneer is a worldwide gateway. Nevertheless, you can quickly get your money transferred using Paypal by linking it with Payoneer from anywhere you live.
How to Link Payoneer with PayPal
Payoneer accepts any transaction through its virtual bank, called Payoneer bank. Also, you can receive money through any authorized credit and debit card. Hence, the difference is you can withdraw your payment through the card when you can do it with the bank.
Markedly, it will be the same for the linked PayPal account. Therefore, linking your Paypal account with any Payoneer account can bring significant withdrawal benefits for you. You can attach it easily through this process –
Select Global Payment Service
First off, log into your Payoneer account or get a USA Payoneer account if you don’t have one. Then, click on the receive tap on the top. Then, choose the Global Payment Service and be redirected to another page. You have to select currency there and select the bank for it.
Choose Proper Currencies Bank
Next, you have to choose USD in the currency option and choose your US bank. Hence, you won’t connect with the bank, as PayPal won’t authorize it i.e., First Century Bank.
Read also: Bitcoin Wallet Tutorial
Therefore, you have to contact Payoneer customer care and request your community federal savings account. Later, they will provide it in two business days.
Link The Account With PayPal
After receiving the account number, log into your PayPal account. Select get your money or withdraw funds on the left there. After that, you will see the option ‘Add bank account.’ Click on it, and a list of banks will appear with a popped page.
At the end of the list, you will find ‘I have a different bank.’ Select the option and put the bank details as you choose another physical bank. Hence, you have to provide the routing number and account number that Payoneer provided you after requesting.
Finally, click on Agree and Link in the below to finish the process. Henceforth, you will be able to withdraw the money send into your PayPal account from your client.
In conclusion
We will suggest you link Payoneer with PayPal for both availability and savings. Also, you can withdraw your money at a low exchange rate and fees. So, receive your payment anywhere worry-free now!
