Are You Struggling with Moving Funds From Payoneer to PayPal?

Are You Struggling with Moving Funds From Payoneer to PayPal?

No worries – don’t feel discouraged! Transferring funds can be challenging but don’t worry, there is help available! We will walk you through everything you need to know to successfully transfer funds from Payoneer to PayPal. Before we dive in, let’s discuss why someone would want to move their funds from Payoneer to PayPal in the first place. Both platforms provide distinct advantages and serve distinct functions. PayPal is widely used for making online purchases and transactions, including receiving funds from international clients via Payoneer. If you want to use those funds in Payoneer for online shopping or other purposes, transferring them into PayPal can be a convenient option.

Once we’ve established the reasons behind why it may make sense for you to move funds from Payoneer into PayPal accounts, let’s move onto how this process is accomplished step-by-step.

1. Link Your Bank Account

First and foremost, be certain both Payoneer and PayPal accounts are linked with valid bank accounts. Link your bank accounts directly from Payoneer and PayPal platforms: On Payoneer: Navigating “Withdraw” > “To Bank Account” > “Add New Bank Account”, while PayPal can link “Wallet” > “Link a Bank Account”. Ensure the information provided matches up exactly with what is stated for your bank account.

2. Withdraw Funds From Payoneer to Your Bank Account

The next step is to withdraw funds from your Payoneer account and transfer them into the linked bank account. Here’s how:

  1. Log in to your Payoneer account and navigate to “Withdraw” > “To Bank Account”, choose an amount, select your bank account link and double-check that information before clicking “Review and Submit”.
  2. Please allow 3 business days for funds to appear in your bank account.

3. Use a Payment Gateway

There are various payment gateways available that allow you to transfer funds between platforms easily. One such example is TransferWise, which charges a small fee but offers competitive exchange rates and fast transfers.

If your client or customer can pay directly through PayPal, instead of moving money between platforms, consider asking them directly for payment instead.

Transferring funds from Payoneer to PayPal can be an intricate process, but it is achievable. Simply by following these steps, you can easily transfer funds between these platforms and take advantage of each platform’s benefits. Remember to link both bank accounts on both platforms; withdraw funds from Payoneer into your bank account before depositing them to PayPal. Consider using a payment gateway or collecting payments directly from clients instead. We hope this guide has been beneficial in solving your transfer woes; feel free to share any questions or leave any comments below!

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