PayPal is a convenient way to accept online payments if you own a business and sell goods or services on the Internet. Payoneer allows companies to make and receive worldwide payments through various partners, including PayPal, using a MasterCard prepaid debit card. You can use Payoneer debit cards to conveniently pay employees, vendors and others. You can also move funds from your PayPal account to your Payoneer debit card account through Payoneer's U.S. Payment Service, a type of virtual bank account.
Step 1
Apply for a free PayPal business account if you don't have one. Navigate to the PayPal website, look for "New to PayPal?" and click on the "Sign up" link. Select your country or region, then choose "Get started" in the "PayPal for Business" section. Proceed through the sign-up process to create your business account. Log out of your PayPal account unless you are ready to withdraw PayPal funds to your Payoneer card.
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Step 2
Order your Payoneer MasterCard prepaid debit card if you are a new customer. Navigate to the Payoneer website, go to the sign-up page and click on the "Sign Up" button.
Step 3
Click the "Start Here" button and work through the required steps to complete the application. Agree to the electronic disclosures, pricing and fees, and the terms of use. Click the "Finish" button to proceed.
Step 4
Apply for the virtual Payoneer U.S. Payment Service, which will allow you to receive U.S. transfers from corporations such as PayPal and apply the funds to your Payoneer prepaid debit card. Navigate to the U.S. Payment Service page and click on "Existing Customers" if you already have a Payoneer prepaid debit card. Send the email that pops up to Payoneer to receive instructions on how to obtain your U.S. Bank Account.
Step 5
Follow Payoneer's instructions in the email you receive that explains how to apply for your U.S. Bank Account. Provide Payoneer with details about the products or services you offer and include website URLs if applicable. Attach a screenshot of your PayPal account showing your name and account details, along with a copy of a government-issued photo ID, such as a driver's license, passport or national ID card. Attach this to the outgoing email that contains the rest of your application, and send the completed application to Payoneer's customer service department.
Step 6
Log in to your PayPal account. Register your Payoneer MasterCard prepaid debit card and your U.S. Bank Account with PayPal. Navigate from "My Account" on the PayPal homepage to the "Profile" link. Click this link and select "My Money" from the drop-down menu. Click the "Update" link, then click the "Add" button. Provide the required details on your U.S. Bank Account, and then do the same for your Payoneer debit card. Click "Update" on the My Money page to add your account details.
Step 7
Click on the PayPal "My Account" tab, then click on the "Withdraw" link. Select an amount from your PayPal balance, withdraw the funds to your U.S. Bank Account and click "Continue." Review your transaction and click "Submit."
Step 8
Allow up to seven business days for funds to clear your Payoneer debit card. Check your balance in the "My Account" section of the Payoneer website.
Things You'll Need
PayPal account
Payoneer account
Tip
You will need a Payoneer U.S. Bank Account to transfer funds from your PayPal account to your Payoneer card.
Transfer of funds can take up to seven business days.
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