How to Link Payoneer to PayPal: A Step-by-Step Guide

Linking Payoneer to PayPal enables you to easily transfer funds between the two platforms, opening up opportunities for seamless international transactions and improved accessibility to your funds. In this tutorial we will walk you through the step-by-step process of linking your Payoneer account to PayPal.

1. Setting Up a Payoneer Account

To begin, you need to have a Payoneer account. If you don't have one yet, follow these steps:

1. Visit the Payoneer website.
2. Click on the "Sign Up" button.
3. Fill in the required personal information, including your name, email address, and password.
4. Provide additional details, such as your date of birth, address, and contact information.
5. Choose a security question and provide an answer.
6. Review the terms and conditions, then click "Next."
7. Now you should wait for your account to be reviewed and approved by Payoneer.

2. Creating a PayPal Account

If you don't have a PayPal account than follow these steps to create one:

1. Go to the PayPal website.
2. Click on the "Sign Up" button.
3. Choose the account type that suits your needs (personal or business).
4. Provide the necessary personal and contact information.
5. Set up your security measures, including a password and security questions.
6. Agree to the terms and conditions and click "Agree & Create Account."

3. Verifying Your Payoneer Account

Before linking Payoneer to PayPal, ensure that your Payoneer account is verified:

1. Log in to your Payoneer account.
2. Complete the necessary steps to verify your identity, such as providing identification documents.
3. Follow any additional instructions provided by Payoneer to complete the verification process.
4. Wait for Payoneer to verify your account. This process may take a few business days.

4. Linking Payoneer to PayPal

Once your Payoneer and PayPal accounts are set up and verified, you can proceed with linking them:

1. Log in to your PayPal account.
2. Go to the "Wallet" section.
3. Click on "Link a Bank or Card."
4. Select "Link a Bank Account."
5. Enter the relevant information from your Payoneer account, such as the account holder's name, bank name (Payoneer), and account number.
6. Confirm the linking process by clicking "Link Bank."

5. Confirming the Link

To ensure that the link between Payoneer and PayPal is established correctly, follow these steps:

1. Wait for PayPal to make two small deposits into your Payoneer account.
2. Log in to your Payoneer account and check the transactions to find the deposit amounts.
3. Return to your PayPal account and click on "Wallet."
4. Select the linked Payoneer account.
5. Click on "Confirm."
6. Enter the two deposit amounts you received from PayPal.
7. Click "Confirm" to complete the process.

6. Transferring Funds between Payoneer and PayPal

After successfully linking Payoneer to PayPal, you can transfer funds between the two accounts:

1. Log in to your PayPal account.
2. Go to the "Wallet" section.
3. Click on "Transfer Funds."
4. Choose the Payoneer account as the source or destination.
5. Enter the desired amount to transfer.
6. Follow the on-screen instructions to complete the transfer.

7. Frequently Asked Questions (FAQs)

Q1: Can I link multiple Payoneer accounts to my PayPal account? A: No, you can only link one Payoneer account to a PayPal account.

Q2: Are there any fees for linking Payoneer to PayPal? A: PayPal does not charge any fees for linking Payoneer, but there may be transaction fees for transferring funds between the two accounts.

Q3: How long does it take to transfer funds between Payoneer and PayPal? A: The transfer time may vary depending on the transaction volume and other factors. Typically, it takes 3-5 business days for the funds to be transferred.

Q4: Can I unlink my Payoneer account from PayPal? A: Yes, you can unlink your Payoneer account from PayPal at any time by going to the "Wallet" section, selecting the linked account, and choosing the "Remove" option.

Q5: Are there any restrictions on the amount of funds I can transfer between Payoneer and PayPal? A: PayPal imposes certain limits on the amount of money you can transfer between accounts. These limits can vary based on your account status and transaction history.

8. Conclusion

Linking Payoneer to PayPal provides a convenient and efficient way to manage your funds and conduct cross-border transactions. By following the step-by-step guide outlined above, you can easily establish the link between these two platforms and enjoy seamless transfers. Remember to keep track of any fees associated with the transfers and familiarize yourself with the applicable limits.