Paypal to Payoneer exchange can be done straightforward on our YorkChanger platform with a better exchange rate. Making money online seems lucrative options. Thousands of people are earning their livelihood by providing online services or selling their products on the web.
Why Choose YorkChanger Paypal to Payoneer Exchange
Transferring Money from PayPal to Payoneer has been a challenge for people to transact efficiently online. Currently, many exchanger are not working in this direction of exchange. If you have trouble exchanging currencies with other exchangers, no worries Yorkchanger handles your transaction quickly and efficiently.
How to Exchange Money from Paypal to Payoneer instantly?
In this paragraph, I will show how to open a PayPal and Payoneer account if you don’t have any, or you may skip this section and go directly to our order page and complete your exchange.
Fill out the form, pay with your PayPal account, and transfer your money to your Payoneer account.
Transfer time and charges from Paypal to Payoneer?
When you have completed your PayPal transfer, we verify your payment and transfer it to your Payoneer account. Usually, PayPal to Payoneer transfer time is made within 24hrs – 48hrs.
The transfer may take longer than 48hrs as we manually verify each transaction for security reasons. However, if the transfer fails our security check, the money will be returned to the payment account. Click here to Initiate your transfer now
How to Sign up for Paypal To Payoneer
When it comes to online payment systems, only a few services are as iconic as PayPal and Payoneer. They are two of the most popular payment services globally and have been around for over a decade. Both offer their services in over 200 countries.
Exchanging money from Paypal to Payoneer involves rotation of money from one hand to another, and that is only possible with some reliable intermediary that we term as a payment gateway.
Paypal is widely used as an online payment processor that helps send and receive money with a few simple mouse clicks. You only need to have a valid email address to get started with Paypal. Paypal works globally in most of the countries where internet access is present.
1. Sign Up for Payoneer account: After you had signup, It might take about seven days to get your Payoneer account approved and up to a month to deliver your Payoneer master card.
2. Apply for US Payment Service in your Payoneer account. On approval of the US Payment Service, Payoneer will provide you with details of your US Bank account.
- Bank Name: Bank Of America
- Account Holder Name: (that’s your name)
- Bank Routing Number: 9 Digit Routing Number
- Account Number: 17 Digit Bank Account Number
- Account Type: Checking
3. Create Paypal account https://www.paypal.com/
4. To withdraw money from PayPal is possible by attaching your bank account (the same country as you registered) or via a visa debit/credit card.
Although you may have Payoneer USA bank account, Unfortunately, Paypal doesn’t allow this type of account for withdrawal purposes.
You may attach your local bank and use it for withdrawal, link your visa card and withdraw to the card.
However, if none of the options is working for you, use our YorkChanger exchange service to process your exchange or transfers for easy withdrawal effectively.
PayPal vs. Payoneer Comparison, Fees, Charges.
Payoneer, for instance, is an online payment system that is better suited for businesses, professionals, freelancers, and product/service marketplace transactions.
Payoneer charges a flat 2% above the mid-market rate to convert money. Payoneer focusses on businesses, online marketplaces, freelancers, and international transactions.
It allows its customers to send and receive payments from businesses and marketplaces, across a host of different countries. Payoneer’s services also geared towards facilitating commercial transactions.
PayPal, on the other hand, is suitable for personal transactions like online shopping or sending money to your friends and family. PayPal also great for international transactions; however, it incurs higher charges.
PayPal charges a steep transfer fee hidden in the currency conversion charges associated with international transactions.
Paypal VS Payoneer: Comparing Debit & Credit Cards
Payoneer charges no fees for setting up the account.
Receiving payments from another Payoneer customer, via ‘Make a Payment’ option is also free of cost.
Also, with the Global Payment Service, receiving payments in USD, EUR, GBP, CAD, AUD, JPY & MXN will not incur any fees. In Payoneer’s words, you will be given a local receiving account and not cost you anything.
Payoneer applies a 2% transaction fee for withdrawing funds to your account in your local currency. This is 2% above the mid-market rate and includes the conversion fee.
As we said earlier, you can attach a MasterCard or visa to your Paypal account to transfer money onto this card from your PayPal balance. But there’s a lot of ambiguity over the entire fee structure.
PayPal’s lack of transparency signals the fact that it’s more expensive than its counterparts. Paypal does not charge you anything to move money from your PayPal account to your bank account. But a fee of 2.9% is levied if you transfer or pay with your debit card, credit card, or PayPal credit.
Comparing Exchange Rates
Payoneer exchanges currency at the mid-market range and charges a commission fee of 0.5%. Withdrawing funds to a bank in local or differing currency attract a 2% above mid-market rate fee. This fee is to enable currency conversion and processing funds to a bank account.
PayPal’s rates are varied, as they depend on the rate they get from the bank, and not the mid-market range, like in the case of Payoneer. Since the bank rates are not transparent and in general poor, this is not good for currency exchange. PayPal charges 2.5% on top of the rate bank provides them.
Ease Of Use
Payoneer is much better in this regard, only because it allows for a lot of automation.
PayPal can be exhausting as you have to manually request transactions every time, with no room for automation.
Payoneer sends the funds to your account in less than 24 hours, while PayPal takes anywhere between 2 to 4 business days.
Transfer money from PayPal to Payoneer is now easy and help to our customer with YorkChanger. CLICK HERE TO PLACE YOUR ORDER.