Set up PayPal account to bind Payoneer MasterCard prepaid card and cash withdrawal method

Snail also shared several related information about Payoneer card in the blog. For users without overseas collection, the annual handling fee of 30 US dollars may be expensive, but for us, we can use it to purchase overseas virtual cards. Hosts, domain names, VPS hosts, etc., as well as overseas website alliances that we can also use to collect payments, and even included in this article, we can also use it to withdraw US dollars in our Paypal account, which is quite convenient.

We should all know that if we are Paypal users in mainland China, if we withdraw money to a bank in mainland China, we need to pay a single handling fee of 35 US dollars, but if we withdraw money to a Payoneer card, we will only charge a handling fee of 1% of the amount. In other words, it is more cost-effective if you withdraw the amount to the PAYONEER card within 3,500 US dollars. If the amount exceeds 3,500 US dollars, you can use wire transfer to a bank in mainland China, which is more cost-effective. In this article, Snail will share how to bind the PAYONEER card account to the Paypal account to withdraw cash.

Several PAYONEER related articles shared by Snail

U.S. Payoneer MasterCard Credit Card Application and Activation Tutorial New Registration Gets $25 Bonus

CJ Alliance sets up the Payoneer MasterCard prepaid card to replace the check payment method

First, we need to log in to PAYPAL and select a withdrawal account

We are withdrawing money - more withdrawal methods to choose from.

Similarly, click on more withdrawal methods, and then you will see the following.

Choose to withdraw money to your US account. We can see that the note will take 3-4 days and there is no handling fee.

Second, set up a US withdrawal account (our PAYONEER card account)

As you can see in the picture above, we add the information of the PAYONEER card. As for how to fill in the information, we open the US account file in the PAYONEER backend. I use numbers above to indicate what to fill in, and I use the corresponding symbols below to know what to fill in.

Compare the two pictures above to know what information to fill in PAYPAL. Then we confirm and the addition is complete.

Third, withdraw money from PAYPAL to PAYONEER

In the same first step, we can select the information we just added in the withdrawal US account.

We only need to enter the amount, then select the bank account, and continue to submit until the submission is completed. In this way, we have completed the process of withdrawing cash from paypal to the payoneer card. It usually takes 3-4 days to be credited to the P card. Then we can use it to purchase hosts, Godaddy, Namecheap domain names, and even supermarket purchases, as well as ATMs. Machine withdrawals are also possible.

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