Post Updated on 14th March, 2024.
Many people worry when a company or any other business residing in the USA asks them to provide their PayPal account or invoice so they can send them the payment. But in some cases, freelancers don't want to use PayPal at all. Many freelancers use and prefer Payoneer instead of PayPal, as Payoneer account has its own benefits patricianly when it comes to receive payments from businesses.
When you open this product update page "More, With Payoneer.", there is a good news floating around:
"When you request a payment, your US clients now have the option of paying via PayPal, alongside the existing options of ACH debit, or credit card. You'll receive the funds to your Payoneer balance. Simple."
This means that users will send the payment request to their client residing in the USA through Payoneer and the client will be able to send the payment through his PayPal account without any hassle. However, users with Payoneer accounts registered in specific countries and regions will not be to receive payments from payers via PayPal. This restriction applies to accounts in Afghanistan, Bangladesh, Burma, China, Congo, Cuba, Equatorial Guinea, Ghana, Guinea, Haiti, Iran, Iraq, Lebanon, Liberia, Libya, Pakistan, the Marshall Islands, Micronesia, Moldova, North Korea, Papua New Guinea, Russia, Switzerland, Syria, and Uzbekistan. Additionally, accounts registered in Ukraine's Crimea, Donetsk, and Luhansk regions are also affected.
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Many people worry when a company or any other business residing in the USA asks them to provide their PayPal account or invoice so they can send them the payment. But in some cases, freelancers don't want to use PayPal at all. Many freelancers use and prefer Payoneer instead of PayPal, as Payoneer account has its own benefits patricianly when it comes to receive payments from businesses.
When you open this product update page "More, With Payoneer.", there is a good news floating around:
"When you request a payment, your US clients now have the option of paying via PayPal, alongside the existing options of ACH debit, or credit card. You'll receive the funds to your Payoneer balance. Simple."
This means that users will send the payment request to their client residing in the USA through Payoneer and the client will be able to send the payment through his PayPal account without any hassle. However, users with Payoneer accounts registered in specific countries and regions will not be to receive payments from payers via PayPal. This restriction applies to accounts in Afghanistan, Bangladesh, Burma, China, Congo, Cuba, Equatorial Guinea, Ghana, Guinea, Haiti, Iran, Iraq, Lebanon, Liberia, Libya, Pakistan, the Marshall Islands, Micronesia, Moldova, North Korea, Papua New Guinea, Russia, Switzerland, Syria, and Uzbekistan. Additionally, accounts registered in Ukraine's Crimea, Donetsk, and Luhansk regions are also affected.
PayPal may allow payers to send payments to Payoneer accounts in countries and regions not listed above, subject to the payers' eligibility.
When it comes to receiving payments from clients via PayPal, a standard fee of 3.99% plus a $0.49 fixed fee is charged. This fee can be paid by either the requester or the sender, depending on the arrangement between the parties.
For users in eligible locations, receiving payments through PayPal involves the following steps:
- Enter the client’s email address, specify the payment amount, and submit the request.
- The client selects their preferred payment method—credit card, ACH debit, or PayPal.
- If PayPal is chosen, the client will be redirected to sign in to their PayPal account to complete the payment.
- Upon payment confirmation, the funds are deposited directly into the Payoneer account.
- Try this handy PayPal fee calculator to check the fees associated with your business transactions instantly.
How does the integration work for freelancers?
Freelancers (without creating PayPal account) will be able to send payment requests through Payoneer, and clients can choose PayPal as their payment option, with funds deposited in the freelancer's Payoneer account, which the freelancers can withdraw into their preferred local or international bank/wallet deposit option.
Why is this integration beneficial for freelancers?
It will allow freelancers and startups in certain countries to receive payments from U.S. clients using PayPal through their Payoneer accounts.
How will these updates benefit freelancers globally?
The PayPal integration and other enhancements aim to provide freelancers and independent contractors with a broader global reach, secure transactions, and increased convenience.
Can I receive PayPal payments from US businesses through Payoneer?
Yes, this integration now allows freelancers in many countries without direct access to PayPal, to receive payments from US businesses through their Payoneer accounts.
Is it possible to use Payoneer to receive payments from US clients via PayPal?
Yes, freelancers can send payment requests through Payoneer, and their US clients can choose PayPal as the preferred payment method, with the funds received in the freelancer's Payoneer account.
Can I receive payments from US businesses through Payoneer if I don't have a PayPal account?
Yes, even if you don't have a PayPal account, you will be able to receive payments from US businesses through Payoneer but this feature is not available globally as some Regions and countries are not allowed to receive/send funds from Paypal to Payoneer. Countries, including Afghanistan, Bangladesh, Burma, China, Congo, Cuba, Equatorial Guinea, Ghana, Guinea, Haiti, Iran, Iraq, Lebanon, Liberia, Libya, Pakistan, Marshall Islands, Micronesia, Moldova, North Korea, Papua New Guinea, Russia, Switzerland, Syria, and Uzbekistan. And regions including Crimea, Donetsk, and Luhansk in Ukraine can not can’t receive payments from payers via PayPal. As per Payoneer, "If your account is not in any of the above countries or regions, your payers may be able to pay you using PayPal, depending on their eligibility."
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