PayPal to Payoneer Money Transfer
PayPal and Payoneer are popular payment services used to send and receive local and international payments worldwide.
Many users want to transfer funds from PayPal to Payoneer but PayPal does not accept Banks provided by Payoneer.
By default, Payoneer provides a US bank account ” First Century Bank” for users to receive payments from companies. But First Century Bank cannot be linked with PayPal to withdraw funds in Payoneer Bank.
In this case, we need to get a new Bank account named “Community Federal Saving Bank”.
How to get a New Bank from Payoneer.
There are 2 ways to get a new bank from Payoneer.
- Contact Payoneer Support
- Payoneer Dashboard
If you don’t want to replace your current bank and want to get an extra bank account for PayPal, You should contact Payoneer support and request a new bank for PayPal payments.
If you want to replace your ” First Century Bank ” with ” Community Federal Saving Bank ” then go to the Payoneer Home page and Select Balance. In case you want to get a new bank for USD then click on USD balance and receiving accounts.
The First Century bank will be shown as a receiving account, where You can see an option “Solution Guide”. Click on the solution guide and follow the instructions.
Under the Solution guide you can request a new bank and select the reason ” I want to accept Payments from PayPal Stripe etc ”
Submit your request and a new bank account ” Community Federal Saving Bank ” will be provided immediately. You can check your receiving account tab in Payoneer to get New Bank details.
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How to link Payoneer Bank with PayPal?
Now open PayPal and click on the link to a new bank. Select Link a US Bank and put Routing Number and Account of your Community Federal Saving Bank provided by Payoneer.
Now you can transfer your funds from PayPal to Payoneer. Go to PayPal and click Transfer Money, select the bank and submit Transfer Request. Funds will be transferred to Payoneer within 24 hours to 72 hours.
Conclusion
First time PayPal to Payoneer Transfer may take long.
Do not Link Payoneer Bank for Facebook or Adsense Payments because It does not accept Wire Transfers.
Payoneer accepts payments from Companies only, So do not give your Payoneer bank for individual Payments and Personal Transfers.
Tasawar Akram is A Freelancer and Social Media Guru
