Payoneer MasterCard® debit card is the fastest way of getting paid online. It wasn’t easy to get your hands on a Payoneer card. But things seem gotten easier lately. PayPal is also a good way of getting paid online. But the question is can you combine both this methods? Let’s find out if one can use Payoneer Debit Card with PayPal.
I have used PayPal for few years now. I always wanted to have a Payoneer debit card as well. But it was difficult to sign up of a card back then. But however I managed to get a card and very happy with it. It means a lot to me since PayPal is almost useless in my country. So with me getting a Payoneer card recently, I had opportunity to find answers to some questions that are bothering me for a while.
I have also seen some people asking this kind of questions on popular forums. Just so I know now, I realize how inaccurate some of the answers given are. Some answers are like “No, you can’t use Payoneer card with PayPal”. This is not true. Payoneer and PayPal actually work very well together. Payoneer is working hard to clear these misunderstandings and doubts. You’re most likely to see a reply from either Taila or Nissim on these kinds of topics. However with this post I would like to share my experience with Payoneer and PayPal.
Can I verify PayPal Account with Payoneer MasterCard?
Yes, you can. But you should have funds on your card and most importantly both name and address on your Payoneer card and PayPal account must be the same. Although I haven’t tested this myself, there’s enough evidence online to confirm this. The reason I couldn’t test this was my PayPal is already verified when I receive Payoneer card.
But the first thing I did after receiving my card was adding it to my PayPal account. It cost me $1. It’s the Payoneer’s standard fee for checking card balance on an ATM. So if you verify your PayPal account with Payoneer, you’ll be charge $2 on your card and it’ll be credited to your PayPal once verification is successful. And if you just add your card to PayPal, It’ll act like an ATM balance inquiry and standard fee of $1 will be charged from your card.
Can I Withdraw Funds from PayPal to Payoneer Card
This was something I though impossible to do. But turned out I was wrong. Thanks to Talia for making it clear to me. Following was the reply I got from Talia when I posted about this on our forum (Discontinued).
Hi Tharindu! I’m Talia, Payoneer’s Director of Community. I just wanted to let you know that you can, indeed, withdraw from PayPal to your Payoneer card. For that you need the US Payment Service. Just talk to our support team (or email me at taliakl at payoneer.com) for the application. 🙂 If you ever have any questions you’d like answered about Payoneer, please feel free to contact me directly.
So I went ahead and registered for US Payment Service. They gave me an US checking account which I can use to receive funds from major US companies including Amazon, PayPal, Go Daddy and Google. You can find the full list of supported companies here. Payoneer will charge 1% of transaction as fee for this service and it’s the only fee applies to this service. Funds will be deposited directly to your card and it’s almost immediate. It’s way cheaper than the standard load fee on my card as well.
I hope this page answers most of your questions about Payoneer + PayPal. Please leave a comment if you’re unclear of something.