Getting a way to withdraw PayPal funds using a Free Virtual US Bank and Credit card is a mind opener for many freelancers and online sellers. PayPal withdrawals are not supported in all countries and this can limit your potential while operating your online business. Luckily, there is a new revolutionary service called the US Payment Service offered by Payoneer Inc.
The company behind this innovation gives you a free Debit Card plus a Virtual US Bank where you can route your PayPal funds. You can use the service to automatically withdraw money from PayPal (PayPal to Payoneer) and your cash will be immediately loaded on the free Payoneer Debit card. You can then dispense the cash worldwide at any MasterCard Branded ATM at a cost of $3.15.
How it works
PayPal withdrawals may not be supported in your country. However, PayPal allows you to use your account to purchase items and to send money to other PayPal account holders. Withdrawing to a US bank account is also possible even if this is not your country of origin.
The first step is applying for PayPal account if you don't have one and make sure it is a premier account(don't enter fake information, just enter your real country and address). Then, go to the Official Payon for sign up visit this share.payoneer-affiliates.com/a/clk/14kzmL
Payoneer l Names must match what appears on your PayPal account
You should submit your full names exactly as they appear on your PayPal account when applying for the free Payoneer Debit card. This limits the risk of names mismatch when you trying to withdraw PayPal funds. Once you completely signup, Payoneer Inc. will be more than willing to approve your application. They will send an approval and they will further request you to fill out a questionnaire in order to activate the US Payment Service that will enable your Virtual Credit Card operations. Your color ID and proof of your online activity will be required- therefore, point them to your blog or send a link of your online store.
Adding the details of the US virtual Account
In order to withdraw PayPal funds from Payoneer, you need to add the details of the Virtual US account that you will receive from Payoneer in the list of bank accounts that you hold in your PayPal account. These include; the name of the bank, account type, routing number and account number. These details will be availed to you once your application for Payoneer Debit card is approved. You will also get an email detailing the estimated dates when your Payoneer Debit card will arrive at your preferred physical Post office box. Once you get the card, login to Payoneer and activate it by entering the full number and your desired PIN to use in an ATM.
Making your first PayPal to Payoneer Withdrawal
If you are lucky enough to get and activate your Payoneer debit card as well as the US Payment Service, it is time to make your first withdrawal from PayPal to Payoneer. To do this, Login to your PayPal account and hit the withdraw link, choose “withdraw funds to a bank account”, enter the amount desired and submit the details. PayPal will send a confirmation email and your money will be automatically loaded on your Payoneer Debit card within 3 business days.
Verifying your PayPal account with a Payoneer Debit Card
Wait, before you go to a MasterCard Branded ATM to withdraw your PayPal cash, you must first verify your PayPal account to lift the $500 withdrawal limit set for unverified PayPal accounts. PayPal verification comes at this point because your Payoneer Debit Card needs to have cash for the verification to go through (at least $5). Login to PayPal account and add the details of the Payoneer debit Card exactly as they appear including the card number, security code (at the back), address, names e.t.c. if the details are correct, two small payments will be made by PayPal, one the Payments will contain a code that you must add on your PayPal to verify the Credit card is yours- automatically, you have raised your PayPal account limit and you have become verified.
Making unlimited withdrawals from your PayPal account
As you can see, you can now make unlimited withdrawals from PayPal to Payoneer and then dispense your cash at any MasterCard Branded ATM worldwide. The ATM withdrawal cost is $3.15. Transfers from PayPal to Payoneer Debit card are charged 1% of the total money being transacted. For instance $100 in PayPal will land as $99 in Payoneer. Your money will be available at the local currency of the ATM.
Warning: Don’t use your Payoneer Debit Card for free online trials in companies that you don’t trust. Also, make sure that your Payoneer account is loaded with money before attempting to withdraw PayPal Funds from an ATM - some ATM will “eat” or “seize” the card.
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