Coming Soon: Payoneer Virtual Bank Account
UPDATED: February 18, 2009
The Payoneer virtual bank account is NOT yet offered to all cardholders. This facility is currently under pilot stage where few selected account holders were invited to take part in this new service that will be out soon. To learn more about Payoneer, click to my experience on receiving my Payoneer card.
Here is great news to Payoneer card account holders: Payoneer will be offering virtual bank account services. Payoneer cards of account holders will have the option to avail of a virtual bank account with its issuer First Bank of Delaware Metabank. This opens up more possibilities of loading the card – such as doing a Paypal to Payoneer transfer.
I am using an oDesk Mastercard which is powered by Payoneer. I will not be depended on oDesk to fund my oDesk Mastercard to fund it because I have Paypal to Payoneer transfer as another option to load my oDesk Mastercard.
Payoneer virtual bank account with SERVICES menu enabled
I got the invitation from Payoneer to participate in this pilot program through email, and after some email exchanges I had agreed to participate in their program. The first thing I had noticed is that the SERVICES menu which was normally disabled is now enabled – that was where I saw the virtual bank account service which contained the account number and the bank routing number.
Payoneer virtual bank account
I added up a new bank account in Paypal. Then I decided to send a test amount of $13.90 from my Paypal account. Paypal processed it in their system for one day, a normal occurence to anyone initiating a bank account withdrawal. I received those funds in my Payoneer account after another day. The duration of the entire Paypal to Payoneer transfer was only two business days. I made several transfers and unless there are bank holidays, I often get the funds into my account in just two business days.
Aside from that fast transfer, I think Payoneer has a superb customer service – I had already used their live chat assistance for inquiries and account problems.
The only downside to using Payoneer cards are the loads of fees that are being charged when one uses the card. I hope this post on how to save more from Payoneer withdrawals can help on how to minimize Payoneer fees. Nevertheless, I still want to keep Payoneer as another option to withdraw earnings online just in case my Paypal account fails.
Rose
April 18th, 2009 at 10:57 am #
This is great news for all the payoneer users. Hope it allows all the cardholders to have a virtual US Bank Account.
Joahna
October 4th, 2009 at 11:04 am #
Hi! I have funds in my Payoneer account and I want to add funds of least $20 to my paypal account. Is it possible? How?
Gem
October 14th, 2009 at 9:14 pm #
Are you based in the Philippines? I only know of one way to fund your Paypal account – collect earnings/payouts from online sites, or receive funds from another person through Paypal.
walkweb
November 11th, 2009 at 6:28 am #
one more, how to get free MasterCard debit card for verify or verification paypal without Payoneer Mastercard. visit walkweb.blogspot.com
Mikel
November 18th, 2009 at 6:19 am #
I got an email last week from Payoneer and they offered me the virtual bank account. I agreed to participate in their program so I can use it to withdraw on Paypal. Question is when adding the virtual account in paypal which country will I choose is it Philippines or USA? Thanks.
Al
December 9th, 2009 at 6:05 am #
I’ve just link my Payoneer card to Paypal – all OK as always (4-digits code, confirmation, etc.,)
You can add fund to your PayPal account from this card but I can’t withdraw Paypal to Payoneer card directly: PayPal asks VISA only…
Maybe it’s possible through virtual bank account but I haven’t it yet…
Raj Hasan
November 26th, 2010 at 3:34 pm #
Thanks to payoneer because they make it easier to use paypal from any country where paypal is not supported yet. And without paypal its very difficult to maintain online business. By the way, thanks for the great post about payoneer.
Head Coach
January 4th, 2011 at 3:22 am #
When I logged in here in the Philippines my account was frozen and it took 2 days to get it unlocked. They said that there was a note for me to access abroad in the future. Two weeks later, frozen again. Grrr…