Can Payoneer Receive PayPal Payments?

Can Payoneer Receive PayPal Payments? Payoneer can receive PayPal payments but it’s not as simple as transferring between regular bank accounts.

PayPal doesn’t support Payoneer as a withdrawal method. But you can make it work by linking Payoneer’s virtual bank account to your PayPal account.

Here’s how it works: Payoneer gives you virtual bank account details (like a US or European bank account). You can add these details to your PayPal account under the “Add Bank” section.

PayPal will ask you to verify the account by sending a small deposit which you’ll need to confirm. Once verified you can withdraw funds from PayPal to the linked Payoneer bank account.

Please note that this might not work in all countries. PayPal blocks virtual accounts sometimes so you should check if this is allowed in your region. Also your Payoneer account must be fully verified to make transactions smooth.

While some say it’s not possible, many have transferred money from PayPal to Payoneer using this method. The key is to follow the steps carefully and understand the rules of both platforms.

This workaround will help you access your PayPal funds if local withdrawal options are limited in your country.

This article will cover this new feature, how to use it and what to consider when using Payoneer with PayPal.

Can Payoneer Receive PayPal Payments?

Yes, Payoneer can receive PayPal payments! This is a new feature that allows US clients to pay you directly via PayPal and the funds will be deposited to your Payoneer account.

This makes payment processing easier for freelancers and businesses who deal with US clients, you don’t need to manage multiple accounts.

However please note:

• Not all Payoneer accounts are eligible: This feature is available in selected countries and will roll out further. Make sure your Payoneer account is one of the eligible accounts to receive PayPal payments.
• You don’t need a PayPal account: While your client will need a PayPal account to send the payment, you don’t need one yourself. This is good for those who don’t want to set up a PayPal account.
• There is a fee: Payoneer charges 3.99% + $0.49 for receiving PayPal payments. This fee can be paid by the requester or the sender so make sure to clarify this with your client before proceeding.

Overall Payoneer can receive PayPal payments is a good way to get paid by your US clients. Just make sure your account is eligible for this service before you use it.

What is Payoneer

Payoneer is a payment platform to send and receive money globally. With over 5 million users it’s a favorite among freelancers and small businesses.

One of the best features of Payoneer is its multi-currency accounts where you can receive payments in different currencies without the currency conversion fees.

This is super helpful if you work with international clients who pay in different currencies.

You can withdraw funds from Payoneer to your local bank account, so you can access your money easily. Payoneer also allows you to send invoices, track payments and manage requests which can help you to streamline your financials.

PayPal to Payoneer

If you have a PayPal account and want to withdraw to Payoneer, you can do it indirectly. Although this method is no longer necessary for eligible Payoneer accounts that can receive PayPal payments directly, it’s still good to know how to do it:

1. Log in to your PayPal account.
2. Click on ‘Withdraw’ to transfer the funds to a linked bank account.
3. Select the linked bank account you want to withdraw to.
4. Enter the amount you want to withdraw and confirm.

Once the funds are in your bank account, you can then link that bank account to your Payoneer account. To do this:

1. Log in to your Payoneer account.
2. Go to ‘Withdraw & transfer’.
3. Click on ‘Withdraw to bank’.
4. Select the bank account you just linked.
5. Enter the withdrawal amount and confirm.

This way you can move your money from PayPal to Payoneer if needed.

Payoneer for PayPal Payments

While you can now receive PayPal payments directly to Payoneer, there might be times you want to use Payoneer to pay for services or products.

If you receive payments from clients via PayPal, you can withdraw the funds from PayPal to your bank account and then transfer those funds to Payoneer.

This way you can use both platforms. Use Payoneer for international transactions and PayPal for local ones and maximize your payment options and reduce fees on currency conversion. Payoneer also allows you to send payments to other Payoneer users which can be useful if you have colleagues or freelancers you work with often.

Other payment options

If you find the PayPal to Payoneer transfer process too much hassle, here are other options:

Wise (formerly TransferWise)

Wise lets you hold and manage multiple currencies in one account. Send money internationally at the mid-market rate with no hidden fees.

Wise also lets you receive payments from anywhere, perfect for freelancers and businesses that work globally.

Skrill

Another digital wallet, Skrill lets you send and receive payments globally. It supports cryptocurrency and has competitive fees for international transfers. Skrill is useful if you have clients who use this platform.

Stripe

Stripe is an online payment platform for businesses of all sizes. You can accept payments online and has tools for subscriptions, invoicing and e-commerce.

Stripe is a solid solution to integrate payment processing into your website.

Alipay

If you work with Chinese clients or markets, Alipay is a must-have payment method. It’s widely used in China and no exchange rates hassle.

If you want to tap into the Chinese market, consider setting up an Alipay account to receive payments from clients in that region.

Payoneer withdrawal costs

Knowing the costs to withdraw from Payoneer is key to managing your money. Here’s the breakdown:

Fees may apply. Check Payoneer’s fee schedule for details.

Conclusion

So now you can receive PayPal payments for eligible accounts. Easy peasy for your US clients to pay you.

It eliminates the need for you to have a separate PayPal account. Just make sure your Payoneer account is eligible for this before you start.

Now you know how Payoneer and PayPal work together. As a freelancer or small business owner you need the right tools and knowledge to succeed.

With this you can simplify your payment process, increase your earnings and focus on what you do best.

If you want to take your payment management to the next level check out the other payment options available to you and choose the one that fits you best.