Paypal to Payoneer Funds / Money Transfer Guide
3. Verify and Link your Paypal account with Payoneer MasterCard. (You must have funds / money in your Payoneer MasterCard, $10 should be sufficient to have in your Payoneer account, that money will be used by Paypal to verify your Paypal account with Payoneer. Paypal only deducts small amounts from your Payoneer Prepaid Debit MasterCard, which will be refunded back to your account once it has been verified.)
4. Apply for US Payment Service in your Payoneer Account.
Account Holder’s Name (that’s your name)
Bank Routing Number: 9 Digit Routing Number
Account Number: 17 Digit Bank Account Number
Account Type: Checking
Verification of Paypal Account with US Payment Service
5. Click on Get Verified Button after logging into your Paypal account. Paypal will ask you to link your Bank Account, Select CHECKING as your account type & enter the Bank Routing Number as well as Bank Account number which you had received from Payoneer US Payment Service in Step number 3. Paypal will now deposit two little sums of money that will take 2 – 3 days to appear in your Payoneer’s Transaction History (Statement). For instance the sums of money could be $0.24 & $0.76. Since these amounts are randomly generated for every user. You will have to find out these two amounts under the Transactions history of your Payoneer account. You can enter the amounts in any order, since the order of entering amounts doesn’t matter. After entering those amounts please hit submit button. Congratulations, now your Paypal account has been verified and you can easily withdraw your money from Paypal to Payoneer Debit MasterCard via US Payment Service.
6. Now You can easily receive & withdraw payments on your Paypal account even in a non-supported Paypal country. Log into your verified Paypal account & Navigate to Withdraw > Transfer to Bank Account.
Note: Its a friendly and valuable advice to my readers, not to keep funds in your Paypal account that has been created this way for long time period. Always make sure to transfer funds into Payoneer MasterCard as soon as possible. As Paypal is not officially supported in some countries, this method works 100%, but we should always take care of such little but useful things that will help you to prevent any financial loss in future.
Payoneer Fee Structure:
US Payment Service Fee: 1% per transaction (For instance you need to withdraw $1000 from Paypal to Payoneer using US Payment Service, you will receive $990 in your Payoneer MasterCard, as $10 is 1% fee charged on $1000 withdrawal)
ATM Transaction Fee: 2.5 USD per transaction (If you will make more than three transactions in any month, subsequent transaction fee would be $1 per transaction)
Maintenance Fee: $3.0 per month (In order to avoid this fee, make sure to withdraw funds as soon as you receive them, if you want to keep money in your Payoneer MasterCard, it will be charged $3.0 on monthly basis.)
Update: December 9, 2014: This method used to work fine in the past but unfortunately PayPal will not be accepting Payoneer’s US Payment Service’s Bank Account Details To Transfer Funds / Money from PayPal To Payoneer MasterCard. Therefore this method will be not be valid to withdraw and move your money from PayPal to Payoneer MasterCard.