It is not an easy task to withdraw money from PayPal to Payoneer, especially if you live in a PayPal-limited country like Nigeria, where PayPal is not available.
Let’s get started.
Linking your PayPal Account to Payoneer
Before transferring funds between Payoneer and PayPal you have to link them. Below is a quick and step-by-step guide in which you can follow the link to both accounts.
Log in to your PayPal account and click on “Payments” from the menu.
Click on the “Link a New Bank”.
Now log in to your Payoneer account and go to “Receive” and “Global Payment Service” from the menu.
Here is the tricky part, you need to get bank account details according to your PayPal account’s country. I have a US PayPal so I will get USA account details from Payoneer.
Back towards PayPal, copy-paste all the Bank details in relevant fields and click on “Agree and Link” to complete the linking process.
Now wait for up to 72 hours, you will get 2 small deposits from PayPal in your Payoneer account. Enter these amounts on the PayPal bank verification page and your account will be linked.
The linking process has been completed successfully and now we can follow the transfer of funds procedure.
Here’s how to transfer funds from PayPal to Payoneer
Once the verification is 100% complete you can follow the below steps and send money from PayPal to Payoneer.
Log in to your PayPal account and click on the “Transfer Money” button just below the available funds on your account.
Now select your bank where you want to receive your funds. For you, it should be First Century bank.
Enter the amount you want to transfer, the minimum amount is $10.
On the next page, review all the transfer details including fees that will be charged. Once everything is fine click on “Transfer Now” to proceed.
You will see a confirmation message that will include an estimated arrival time which is usually 24 hours but may extend to 72 hours.
Conclusion
I just walk you through the procedure of transferring money from Paypal to Payoneer in this article. In case any questions arise during the process or if there is anything else – please leave me feedback below!
