Payoneer and Paypal are much popular online money transfer services that millions of people use. Unfortunately, in some regions or countries, Paypal is restricted. Besides this, Paypal only supports the International Bank Account Number (IBAN) of some fixed regions. It does not support local bank accounts.
Therefore, it becomes very tough for many users to link a bank account to Paypal. Luckily, you can conveniently link your Payoneer account to Paypal. In this guide, we will show you how you can link your PayPal to your Payoneer account. Here you will find the step-by-step processes of what you should need to do for linking the two accounts.
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Can I Link My Payoneer Account to Paypal?
Paypal is not available in some countries. So, if you have a Payoneer account or can buy a Payoneer account it will help you to link with Paypal easily. So, let’s see the steps.
For Mobile Browsers
If you are using a mobile phone you should follow the following steps.
- Log in to your Payoneer account and you can see three options USD, EUR, and GBP.
- Select “EUR” from these three options.
- Then go to the bottom and click on the receiving account.
- After that, it will show you the EURO bank details. Simply click on it and copy the IBAN number.
- Now, log in to your Paypal account and hit the navigation menu.
- Click the balance button and then press “Link a bank account”.
- Then, a new page will appear. From that page, select Business and type the IBAN number that you have collected from the Payoneer account.
- Click “Agree and Link”.
- Again it will show your EURO bank details.
- Click on the accept button and to confirm that this bank is yours they will send 2 small deposits.
- After that click on Request Deposit.
For Laptop or PC Users
So, here are the steps for those who are using a laptop or pc to collect the IBAN number.
- Just like the above login to your Payoneer account and you will see an option called Receive on the top of the bar.
- Click on that and then the “Global Payment Service” button will appear as a subcategory of the Receive option.
- So, press that button, and a new page will come out with your receiving accounts (USD, EUR, GBP).
- You should go to View Details of the EUR Receiving Account.
- Then, copy the IBAN number from this page.
- Now, log in to the Paypal account and go to the Balance which you will find on the top bar. Click on it and scroll down to “Link a new bank”.
- Hit the “Link a new bank” button.
- After that, select your account number, put the IBAN number, and click Agree and Link.
- Then you will see a new page named Accept the Direct Debit Mandate. If you want you can print this page. Click the accept button.
- After that, another new page will appear on the screen. This page will be named Request deposit to confirm your bank account. So, click on request deposits.
Paypal will send 2 small deposits to your Payoneer account. Usually, the deposit is sent within 3 to 4 working days. In some cases, the duration may vary. After getting those 2 deposits in your Payoneer account you should-
- Again login to your Paypal account and go to Balance and start scrolling down.
- Look out for a Confirmation Pending Option. Once found click on it.
- Then a new page will appear. On that page, you should provide your deposit amount maintaining the sequence of deposits.
- Lastly, click on the Confirm button.
- After confirming the Payoneer account in Paypal you can start receiving payments worldwide. Also, when receiving payments in Paypal you can withdraw to Payoneer as well.
And that’s it you have successfully linked your Payoneer bank account to Paypal.
Transfer Money from Paypal to Payoneer
Now that you learn how to link your Payoneer account to Paypal see the processes of transferring money. To do that you should-
- Login to your Paypal account after providing your email address and password.
- Once logging in see an option called “Transfer Money” right under the Paypal balance. Click on that button.
- Now, you will see the “Transfer to your Bank” option and click on it.
- A new page will appear, in which you will find two different methods for transactions like Instant and Standard. The instant method requires a 1% fee to transfer your money in a minute. And the Standard method is free and usually takes 3 days to transfer the money.
- After choosing any one option, click on next. And in the next step enter the amount to transfer from Paypal to Payoneer and click next.
- Now a page called Review your transfer will appear so, click transfer. The money is transferred to your Payoneer account and finally clicks the Done button.
Some Key Considerations
If Paypal is not available in your country and still you want to create an account on it you can do this. You must have someone well known in another country where Paypal is available. As Payoneer is available in every country you can link your account to the Paypal
Another thing Paypal doesn’t know is that you are linking the Payoneer account with Paypal. So, while using, be very cautious and never make any mistakes. Otherwise, Paypal will close your Payoneer bank account.
Conclusion
Paypal and Payoner are like a network among people around the world. People send and receive huge amounts of money through these two online money transfer systems in a few seconds. Both are very popular and hugely used for people who are related to online jobs. This guide will help you to link both these accounts.
Now, you can enjoy using or from a Paypal account in your country or withdraw in Payoneer. We have shown the easy solution to this issue. Follow the step by step processes. Hopefully,you will find this guide useful.