Payoneer withdrawal operation many domestic collection companies, including pingping, will require the seller to verify the mobile phone verification code when the seller performs the cash withdrawal operation. Paypal can bind this account to paypal's withdrawal account, and then withdraw the balance directly to the payoneer account. In fact, even a paypal business account can smoothly transfer the account balance to payoneer. Of course, it is the same as wire transfer to domestic banks, $35 per transaction. After the funds enter payoneer, then, according to the rate previously determined by the sellers, the sellers are not ssettlement limit of 50,000 us dollars, and can be directly converted into rmb and withdrawn to their domestic bank accounts.
Note that a sum will be deducted here. Payoneer's withdrawal fee ranges from 0.3-1.2%. This method saves a lot of trouble than withdrawing cash to the country Vietnam phone number list by wire transfer. Let's do a withdrawal test: it takes no more than 2 days to withdraw from paypal to payoneer, and then from payoneer to a domestic personal bank account. Clarify the flow of cross-border e-commerce funds in one map to help you find the direction of cross-border e-commerce operations from the cross-border payment link 9 in fact, after clicking the withdrawal from the paypal account, the withdrawal fee was received in the payoneer account the next day.
In other words, the independent station can collect funds from customers through paypal, stripe, 2checkout and other related credit card collection channels, and then transfer these funds to payoneer. Finally, the seller directly converts the us dollar into rmb from payoneer and transfers it to the domestic personal bank account to complete the fund withdrawal operation. In fact, payoneer and paypal have a competitive relationship to a certain extent. For example, wish collection, sellers need to choose among payoneer, paypal and other third-party collection companies.