Tutorial on how to withdraw money from PayPal to a bank card in mainland China. Use Payoneer to withdraw money. You can test it yourself.

PayPal is equivalent to foreign Alipay. Many foreign VPS may not necessarily support Alipay or WeChat payment, but they generally support PayPal payment. Lao Wang also shared a PayPal registration tutorial before. There are mainland Chinese bank cards (UnionPay ) to register. Today I will introduce the PayPal withdrawal tutorial. Withdraw the US dollar balance of PayPal to a bank card in mainland China, and then deposit it into Alipay.

1. Introduction to Payoneer

Official website: payoneer.com

What is Payoneer? Payoneer is a MasterCard prepaid card issued by the American company Payoneer. Its full name is Payoneer card, or P card for short, and its Chinese name is Pai Anying.

Payoneer was founded in 2005 and is headquartered in Los Angeles, USA. Today, Payoneer has become a mainstream e-commerce platform payment channel. It also provides sellers with the function of withdrawing money to banks in mainland China. It is mainly for personal use. Payoneer The application is completely free, no physical card is required and no annual fee is charged.

The PayPal cash withdrawal method I will introduce today is to use Payoneer’s collection and withdrawal functions to bank cards to realize PayPal cash withdrawals. After all, many banks now do not allow PayPal wire transfers to bank cards in mainland China, or some people do not allow them to be deposited. The limit of 50,000 US dollars is simply not enough, so we can only use Payoneer to save the country and realize the withdrawal of RMB through PayPal.

2. Payoneer registration steps

Registration address: Payoneer registration

Select "Personal Account", then fill in the registration information as required, including contact information, identity information, security information, etc., and you can withdraw money as expected:

The last step of Payoneer registration is to bind the Mainland China UnionPay debit card. Just bind the bank card to which you can withdraw cash from PayPal. The store URL can be filled in with your personal website or blog address:

After filling out everything, submit the registration application and wait for official review by Payoneer. After approval, a notification will be sent to your registered email address.

3. PayPal withdrawal steps

After being approved by Payoneer, you will get a US bank card. The specific location is under the Global Payment Service on Payoneer’s official website:

Log in to the PayPal official website, click "Link Card or Bank Account", select the linked bank account below, and then link Payoneer's US bank card information to PayPal.

Note that some people here may not be able to successfully bind, so we need to apply for a "Community Federal Savings Bank" U.S. bank account from Payoneer and use the Payoneer online customer service function (https://payoneer-zh.custhelp.com /app/Contact_us) and ask him to issue you a Community Federal Savings account.

The issuance process of a new card usually takes 1-2 days. After getting the card information, you can bind the card to PayPal:

• Country or region: United States
• Bank name: Community Federal Savings Bank
• Account type: Checking account
• Bank code: Routing under Community Federal Savings Bank (ABA)
• Account number: Account number under Community Federal Savings Bank

Finally, wait for PayPal to review the bank card information before you can apply for cash withdrawal. First withdraw money from PayPal to Payoneer, and then withdraw money from Payoneer to the bound bank card in mainland China. From PayPal to Payoneer, it is deposited in US dollars, and from Payoneer to the bank card in mainland China, it is deposited directly in RMB, which does not occupy the annual limit of 50,000 per person.

4. Frequently Asked Questions about PayPal Withdrawal

Q: Is the withdrawal method confirmed to be available? is it safe?

Confirm that it is safe, Lao Wang himself is using it, and it is feasible to test it personally. The most recent withdrawal was in July 2020. Lao Wang will continue to use this method to withdraw money in the future. If there is no update, this withdrawal method can still be used.

Q: How much is the PayPal withdrawal fee?

The fee for withdrawing money from PayPal to Payoneer is US$35 per transaction (charged by PayPal). The fee for withdrawing money from Payoneer to a bank card in mainland China is 1.2% (charged by Payoneer). After that, it is directly converted into RMB and transferred to your bank card in mainland China.

Q: How long does the entire withdrawal process take?

The first review may take a long time, and it takes 2-3 days to withdraw funds from PayPal to Payoneer. After that, it usually takes one day to withdraw money from PayPal to Payoneer, and 1 hour to withdraw money from Payoneer to a bank card in mainland China. If you apply to withdraw cash from PayPal in the morning, it will usually be credited to your bank card in the evening.

Q: Can I withdraw cash to Alipay?

First mention the bank card in mainland China, and then transfer the bank card to Alipay. Withdrawing money directly from PayPal or Payoneer to PayPal is temporarily not possible.

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