PayPal Falls out With Payoneer: You Can No Longer Link Payoneer to PayPal
Over the
years and in recent times, PayPal
and Payoneer have consistently and continuously
provided online payment solutions to online merchants and buyers and also to
individuals and companies who just want to send or receive money electronically.
Payoneer on its part as you might have known
by now offer free virtual US Bank Account and MasterCard to their online
account holders, thereby making it possible for you to be able to link and
verify your PayPal account and also withdraw PayPal fund to your Payoneer.
The major
reason why people prefer to use their Payoneer Bank Details for verification of
their PayPal account is for easier and faster access to their PayPal fund, as
you can easily use the Payoneer issued MasterCard to withdraw your PayPal fund once
you have transferred the funds to your Payoneer account.
But currently,
the tide is changing or should I say that the tide has completely changed as
you can no longer link your Payoneer US Bank details to a PayPal account.
Must Read: PayPal partners Bitcoin
Must Read: PayPal partners Bitcoin
In other
words, PayPal has started rejecting
the use of Payoneer US Bank details for verification of PayPal account, which
also entails that you can no longer withdraw your PayPal fund to your Payoneer
account currently.
Now for
those that have in the past verified their PayPal account with their Payoneer
US Bank details, they are also affected as they will no longer be able to withdraw
PayPal fund to their Payoneer.
Once they now
try to withdraw PayPal fund to their Payoneer account, the transaction will be
cancelled and their previously linked Payoneer US Bank details will immediately
be removed from their PayPal and the PayPal account will go back to the Unverified Status.
What is now the way forward for easy withdrawal
of PayPal funds for those who do not have an individual or corporate US Bank
account?
Apart from
withdrawing to a US Bank account, PayPal offer other different means for
getting your PayPal fund into your pocket.
You can
request for a check, of if you feel that will take time, you can look for a
trusted exchanger around to exchange your PayPal fund or just sell them off to those
that needs PayPal fund.
So if you
are currently planning to verify your PayPal account with Payoneer US bank
details, just know that you are in for a long thing.
PayPal Falls out With Payoneer: You Can No Longer Link Payoneer to PayPal
Reviewed by Edwin Akwudolu
on
8:00:00 AM
Rating:
Hi
ReplyDeleteThank you for your post, i have this problem
Now i have money on my paypal account and need to transfer it to my payonner prepaid card
Do you suggest any rusted exchanger to exchange PayPal with payonner
But you can also sell it off immediately without having to transfer to your Payoneer; or do you really need it in your Payoneer for something?
Delete