How to bring PayPal Money into Kenya using Payoneer MasterCard

The most efficient way that I know through which you can bring PayPal money into Kenya is through the Payoneer MasterCard. Payoneer is an international payment merchant that gives organizations a payment platform.

If you intend to work online for the long term, then it is a prudent financial decision to have the Payoneer card. The Payoneer MasterCard runs on the Master Card financial platform and with it you can withdraw your cash from any ATM locally that bears the Master Card logo such as the Barclays Bank and KCB ATMs. 

How to get your Payoneer Card.

The most important thing to keep in mind about Payoneer cards, is that you can’t apply for a card on your own. The fact is, if you browse the Payoneer website you won’t find an application form anywhere. This is because they do not deal with “individuals”.

To be able to access the application form, you need to be referred by a Payoneer partner, a sort of endorsement if you want.

Payoneer has partnered with many online businesses to offer them the possibility to make mass payouts easier, faster and more convenient for them and those who will receive them. If you are not already making money from one of Payoneer’s many partners, you will have to start by signing up with one of them.

Examples of outsourcing Payoneer partner sites include Elance.com, Freelancer.com, and oDesk.com, and affiliate programs include Plimus, Buyat and my personal favourite, SFI Affiliate Marketing. The basic requirement to get this card from any one of these sites is to generate an income payable through them.

Once you have applied for your Payoneer prepaid card, you will have to wait for your application to be reviewed. The review process usually takes no more than a week and you should receive an email informing you that your application has been approved both from Payoneer and the partner you went through to apply. The email will also inform you that your card has been sent to you by regular mail.

Depending on where you live on the globe, you might have to wait for your card to arrive for several weeks. Of course if you live in the US, it will be much faster.

Once you receive your Payoneer card, the next steps are to activate it and load money on it before you can start using it.

For instance, let us say you are an affiliate at SFI Marketing and you have earned commissions worth 30USD. You can then apply for a Payoneer debit card so that SFI Marketing sends you your pay through the card than through PayPal or other payment options. Each of these Payoneer partner sites will have their terms on how much money you should have made to qualify for a card application. Typically, the minimum requirement will be an amount that will cover the costs for card processing. 

When registering in this way at SFI Affiliate Marketing for example, you will need a valid P. O. Box address in Kenya where Payoneer will mail your card. That card is basically useless until you activate it. In Kenya it takes about a month to receive the card in the mail from the date you apply to the time you physically receive it. 

How to receive funds from US companies, such as PayPal, Amazon, Apple and more.

The process between Payoneer and US Payment Service: to integrate your card with other payment platforms, you will need to apply for a US payment option from Payoneer. You’ll do this from your Payoneer customer page where you will find a link 'cardholders' and on the drop-down menu the link 'US Payment Service'. 

On the bottom of the page, click on 'apply' to ask Payoneer to activate a US payment service. A US Payment service is a virtual bank account. Payoneer will send you a list of questions to evaluate your application. One of the requirements is to furnish them with your legal identification such as ID or passport. It is here that you will tell them that you wish to receive PayPal money in the account.

Important 1: you must have sufficient funds in your PayPal account to cover the activation fee for the US payment service.

Important 2: Make sure you read Payoneer’s fees breakdown before you apply. This page is accessible to you when you are logged onto your online card account, through your Payoneer card partner.

Process between PayPal and Payoneer: Once you qualify for a US payment service, Payoneer will inform you that your account is active and here is where magic starts. First, with that information, add a bank account to Paypal. You can then immediately transfer paypal money to your US Bank account. The first transaction takes five days for the money to come into Kenyan ATM-space, but subsequently it takes three days. Your problem on how to withdraw paypal money into Kenya – solved! 

Second, read the list of companies that can pay you directly to your US account. This can catapult your income options to incredible levels if you understand simplified affiliate marketing.

What are the advantages of having a Payoneer Card?

1. An integrated payment method: There are many ways to make money online including Freelance work and affiliate marketing. With the US payment option you can receive money directly to the US Bank option directly from most of the other larger Affiliate Merchants including Clickbank, Amazon, and Google, just to name three. 

Therefore, with a Payoneer card linking your paypal account to a US bank, you no longer need to avoid affiliate programs that have US only payments.  

2. The costs are incredibly manageable. The approximate costs are:
•    Card application: maximum 30USD depending on the site you are applying through
•    Activate US payment service: approx 20USD
•    Monthly account maintenance: approx 3USD 

That is Kshs 240, which is cheaper than several local banks and you do not pay this fee if your account balance/transactions are zero.

•    Cash withdrawal from a local ATM: approx 3 USD

Note: you pay the monthly fee from your account balance automatically, and you also pay a fee when you use your card to request for money you don’t have.  

3. A planned withdrawal plan: it takes three days for money to move from payPal to the US Bank. It takes as little as two hours to move money from certain affiliate sites to the bank. Since you know this, it is easy to plan and save on ATM costs.  

4. Managing your card is free: the card and bank services are all on your Payoneer page and checking you account balance, etc, are free. 

CLICK HERE to learn how to start earning real money online, anywhere in the world, and get paid through Payoneer MasterCard using your local currency.