How to Link Payoneer bank account to PayPal

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This guide will show you how to link Payoneer bank account to US PayPal in just a few clicks easily.

Since Payoneer bank accounts serve as US local receiving accounts, it means you can decide to send or transfer your PayPal funds into your Payoneer account. Thus, you can withdraw through your Payoneer Mastercard, or send to your local bank account.

You may have gone through series of disturbing experiences, trying to use your Payoneer bank account to verify your PayPal, or move your PayPal funds all to no avail.

This is because you are doing it wrong, and nobody is probably willingly to let you know what you are missing.

Naturally, the US receiving account Payoneer gives you is primarily from First Century Bank, and feels like is a virtual bank account to PayPal (which it is) due to its routing number, so it is automatically rejected by the system.

Thus, you will need a new Payoneer bank account that is compatible with PayPal. Fortunately, Payoneer is aware of this issue, and will automatically give you a befitting bank account on request.

There are a few things you need to put in place before linking your Payoneer bank account to PayPal. They are:

  1. Verify your Payoneer account: You may not be able to request a new bank account until your account is ID verified.
  2. Request for a new US receiving account: The default US receiving account won’t work with PayPal. (see how below)
  3. Login to your PayPal to link your US Payoneer bank account.

How to verify your Payoneer account

Verification is not always necessary to request a new US receiving account, but if when trying to request, you were prompted, follow the guide below:

  1. Once logged in, navigate to your account Main Page by clicking on the big Payoneer symbol.
  2. Click on the menu button at the top left corner of your Main Page.
  3. Tap on Settings so it drops down, and click on Verification Center afterwards.
  4. You would see Required and History tabs on the next page. If there are open requirements, click on it and follow the on-screen instructions.

How to Request for a Payoneer bank account that can be linked with PayPal

If your receiving account is issued by First Century Bank, then you would need an alternative receiving account. Follow the steps below to request for one:

  1. Log in to your Payoneer account on a web browser on smartphone or computer.
  2. Under Balances, click on your USD balance.
  3. You will see a tab appear under the page. Tap on Receiving accounts.
  4. Under the Receiving accounts, tap on the first USD account you see there. It is usually denoted as USD Account 1.
  5. Tap on Account details and look down the page.
  6. You should see the statement. “Having trouble using this receiving account? Check out our solution guide.”. Click on the solution guide.
  7. On the next page, tap on “I am unable to use my receiving account with PayPal, Stripe, or other payment providers”.
  8. Once the dialog opens, tap on the NEXT button.
  9. On the next page, click on CLOSE AND REPLACE.

That’s it! Your Payoneer US receiving account has been replaced with a new one that you should be able to link with PayPal or Stripe.

However, note that if you have given or provided the former receiving account details to a client for payment, you would need to change it to the new one. Payments will not be accepted into the old one anymore. Even pending payments will fail.

To be on the safer side, make sure you do not have any pending payment to the former receiving account before closing it.

Contrarily, if you connected to a marketplace like Fiverr or Upwork using your Payoneer account, you don’t have to worry as receiving accounts are not used directly in this case.

Once you have successfully been provided with another bank account by Payoneer, the next step is to link to it your PayPal. Follow the guide below to do that:

  1. Log in to your PayPal account.
  2. Locate the menu button at the top right corner of your dashboard and tap on it.
  3. Tap on Pay & Get Paid from the drop-down menu.
  4. Then, tap on Banks & Cards on the next page under the Wallet section.
  5. On the next page, click on Link a new bank.
  6. After that, choose your account type (Checking for all Payoneer bank accounts), and copy and paste your Routing Number and Account Number from your Payoneer dashboard.
  7. Choose your personal name as the Account name.
  8. Click on Agree and Link.

however, since PayPal cannot debit your receiving accounts, you will receive two test deposits and you will be asked to input each amount to confirm you actually own the account. Go to your Payoneer account to confirm the deposit amounts.

Conclusion: This is a simple guide to link your Payoneer bank account to PayPal for ease of movement of your PayPal funds. Keep it mind that you cannot use your Payoneer funds to pay for PayPal purchases, it is strictly for withdrawal.

In case the first requested account doesn’t work with PayPal, you can keep requesting until you find a working bank account.

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Samod Kareem
Samod Kareem

Samod is a web designer, digital marketer, and freelance writer. He loves to write on topics he finds interesting but mostly loves money, and technology matters. He aims to share his knowledge from research with everyone out there looking for an answer.

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