There are many ways to get your money out of Paypal. One way, which I personally use is by transferring it over to my own payment processor – “Payoneer”. This article will cover the step-by-step method of “How To Transfer Money From PayPal To Payoneer”.
In this post, we’ll be covering all the questions you might have and also provide practical steps on how to move funds from your PayPal account into Payoneer in just a few easy clicks.
How To Transfer Money From Paypal To Payoneer?
I am using PayPal to take money from all my clients for the last 5 years because it’s very easy and convenient. Here is the proof of payment I received on PayPal:
I know charges are more if you compare it with Payoneer, while Paypal charges 3.5-4% with Payoneer you can enjoy lower currency conversion rates with a mere 2% margin on top of the mid-market rate.
In this guide, I will show you how to transfer funds from your PayPal account and withdraw them into a Payoneer wallet.
To transfer money from Paypal to Payoneer, follow these simple steps:
Steps to send money from PayPal to Payoneer
Still, if anything is unclear or needs more practical advice then just follow these five steps. You can read the complete step-by-step instructions with screenshots below.
Step 1: Go to your PayPal account and log in. ( You must have money available in your PayPal account.)
Step 2: Now click on the “Payments”.
Step 3: Select “Link a new Bank” from the Bank section.
Step 4: Leave the Checking option unchecked at this point, and then copy-paste the Routing & Account Number from your Payoneer Account’s Global Payment Service (usually the US currency portion) into these sections.
You’ll get routing account number from your Payoneer Dashboard:
Step 5: After you’ve entered your Payoneer account’s Routing Number and Account Number, click “Agree & Link” to link your Payoneer account with PayPal.
PayPal will then send you two payments, and all you have to do now is log into your Payoneer account and enter the transferred payment amounts in the PayPal verification box to successfully link your accounts.
Is this process of transferring money from Paypal to Payoneer legal?
Yes, you can transfer money from PayPal to Payoneer in this manner. This is 100% legitimate.
Payoneer has cleared inbound ACH payments from PayPal and other US firms. Moneybookers (Skrill) to Payoneer transfers follow the same procedure.
However, in the instance of AlertPay/Payza, this approach is not available because Payoneer has not yet accepted incoming bank transfers from AlertPay Inc. Learn more about Payoneer’s payment service in the United States on their website.
I just walk you through the procedure of transferring money from Paypal to Payoneer in this article. In case any questions arise during the process or if there is anything else – please leave me feedback below!