Funding your Payoneer account from PayPal is not directly possible. There is no way to withdraw money from your PayPal account to the Payoneer MasterCard Debit Card because Payoneer will not accept loads from anywhere other than Payoneer partners.
To load funds from PayPal to Payoneer, we have to apply for Payoneer’s Virtual bank account or US Payment service.
What is US Payment Service?
US Payment Service allows Payoneer cardholders to receive money into your Payoneer account directly. There are selected United States based companies where you can receive money to your Payoneer bank account via bank transfer (called ACH transfer). And
Steps:
- Apply for US Payment Service. If you’re a Payoneer cardholder, you are automatically eligible for the virtual bank account service. Contact their customer service.
- After you have been approved, get your bank account number and routing number.
- Go to your PayPal account and add your bank account.
- Withdraw money to your bank account.
- Your PayPal money will reach your Payoneer account within 3 days.
- If you already don't have a Payoneer card, then apply for it here! It's free!
Is this legal?
Yes, this is a legitimate way to transfer money from PayPal to Payoneer. PayPal is one of the
Other ways to fund your Payoneer account:
- By Payoneer partners - a $2 fee normally applies for all Payoneer partners
- From other Payoneer card holders
- Private Loads from Visa or MasterCard debit/credit cards (3.75% fee - must have received at least 3 partner payments)
If you have any queries, feel free to post in the comments below.