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.
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 try withdrawing PayPal fund to their own Payoneer account, their transaction will be cancelled and these will warrant their previously linked Payoneer US Bank details removed immediately from their PayPal and their PayPal account will go back to it Unverified Status.
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.
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.
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 try withdrawing PayPal fund to their own Payoneer account, their transaction will be cancelled and these will warrant their previously linked Payoneer US Bank details removed immediately from their PayPal and their PayPal account will go back to it 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.
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