Paypal is considered the best and safest payment gateway to send or receive payments. Most of the companies on the internet prefer to make transactions via Paypal as it helps to send & receive the payments instantly without any delays. You can later withdraw the amount from your Paypal account to your Bank account in just few clicks. You can also purchase products and services through Paypal from many online retailers or service providers. However its unfortunate thing that some countries of the world aren’t yet supported by Paypal and they cannot use Paypal services officially.
In order to overcome this issue and to use Paypal in non supported countries, we will have to take advantage of Payoneer’s US payment service. That allows you to withdraw your Paypal payments into virtual US bank account that will be provided to you through Payoneer’s US Payment service. In addition to withdrawal, your PayPal US account will also get verified once you’ll link it with Payoneer’s US payment service. Afterwards you can link your Payoneer Account with your PayPal US account to lift up / remove any receiving / sending limits from Paypal account. Also make sure not to access your Paypal account with any proxies, else Paypal will place limits on your account and your funds will be freezed forever.
1. First you will be required to Signup for Payoneer Account (Signing up from this link will entitle you to receive $25 bonus from Payoneer). Make sure to enter correct details and you must be at least 18 years old to continue with this service. You will be required to submit your Identity Proof during or after registration process. After completing the registration process, you will have to wait for around 1 month, to receive your Payoneer Account.
What is Payoneer US Payment Service?
The US Payment Service allows you to receive payments from select US companies directly to your Payoneer account as a direct deposit transfer (US ACH). This service provides you with a US account and routing number, to be used by companies you are working with so a direct deposit payment can be made for you. Funds that are transferred to your US Payment Service will be automatically loaded to your Payoneer account once they are received. You may receive payments from US companies including Amazon, PayPal Inc., Facebook Inc, Digital River Inc., ClickBank, AOL, Commission Junction and more. To view the complete list of companies you can receive funds from click here Note: You can receive payments from multiple of the supported companies. The US Payment Service involves a fee of 1% of the payment amount. Further you can read the FAQ about US Payment service.
Account Holder’s Name (that’s your name)
Bank Routing Number
Paypal will ask you to enter the following details, enter them and continue…
- Full name (it must be the same as of your Payoneer Account.)
- Address, City, State, Zip Code (Use it from the FAKE NAME GENERATOR Tool)
- and Phone number (it would be great if you can manage to enter a US based phone number of any of your sibling, friend or relative living abroad, if you don’t have a valid phone number, you could use a fake one, but that might be a constraint in future.
- Bank / Credit card details, you can skip them at the time of registration.
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 $0.31 & $0.69. 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 Account via US Payment Service.
Linking Payoneer Account with Paypal to Lift up Account Limits
Paypal to Payoneer Money Transfer
7. You can easily receive payments on your Paypal account even in a non-supported Paypal country. Log into your Paypal account & Navigate to Withdraw > Transfer to Bank Account.Enter the amount you need to withdraw from Paypal to your Bank Account (Payoneer US Payment Service) and click continue. It will take around 3 – 4 business days for your transaction to complete its process. Upon successful transfer of money from Paypal to Bank (Payoneer US Payment Service) it is subject to 1% fee. Later on you can withdraw your funds from Payoneer Account from any supported ATM across the globe. I hope this article will help my readers to easily transfer the money from Paypal to their Payoneer Account.
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 Account. Therefore this method will be not be valid to withdraw and move your money from PayPal to Payoneer Account.