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How To Withdraw Money From PayPal In Sri Lanka Using Payoneer Prepaid MasterCard

Updated on March 4, 2014

Why Use Payoneer?

I enjoy writing and there are two reasons I do so.

One is the satisfaction of knowing someone has read what I’ve written and the other I can earn some money from it.

But one disadvantage about writing online and making money from it is that some websites only pay you through Paypal and this becomes a problem if you tend to reside in a country that does not allow you to receive your earnings via Paypal.

Sri Lanka is one such country but all is not lost. For Payoneer helps those living in countries that do not support Paypal the chance to receive their earnings.

Payoneer Mastercard - Best Prepait Debit Card!!

How To Sign Up For A US Paypal Account

Before you attempt to apply for a Payoneer card or a US Paypal account check to see if you can have the following ready.

An address and phone number in the United States. This is needed to open up an US based Paypal account.

Either ask a friend or relative living in the US if you can use their address and mobile/home phone number.

Once you have the address and phone number sorted out go and open a US personal Paypal account.

When filling the contact details enter your full name. For the address place c/o and the person’s name the address belongs to and after that their address.

Verify the Paypal account using a US phone number.

Paypal will send a verification code to the phone number you submitted. Once you receive the code you need to enter it and only then will your Paypal account be verified.

How To Sign Up For Payoneer Prepaid Debit MasterCard

Next go to Payoneer and sign up.

Before you sign up for an account make sure the id that you plan to use for Payoneer has the same address as that of your current residence.

I used my driving license as my id but its address was different to my current residential address.

Payoneer requested me to mail them a utility bill which gave proof that I did in fact live in that particular address since it showed my name along with the mailing address.

Once you upload your id and other supporting documents they require you should get your Payoneer Prepaid Debit MasterCard within 21 days. I received mine in less than a week.

PayPal Security Key


How to Link Payoneer Prepaid Debit MasterCard With PayPal Account

You will then be able to register for a US Payment Service account.

Once this is approved you will get a US bank account which you need to enter in your US Paypal account.

After entering the bank details to your Paypal account you will receive 2 numbers from Paypal via email. You need to enter those numbers into your Paypal account to link your bank account to your Paypal account. Once that’s done you can receive payments to your Paypal account.

The only drawback is you will be able to receive no more that $500 a month into your Paypal.

How To Activate And Use The Payoneer Prepaid Debit MasterCard

Payoneer charges an annual fee for using the Payoneer Prepaid MasterCard they’ve sent you. The amount is $29.95 which will be deducted from your Payoneer account once you have enough funds in it. Just make sure that you transfer around $30 from your Paypal account to activate the Payoneer card to enable you to use the card.

You can withdraw money using your Payoneer Prepaid Debit MasterCard in any of the ATM machines in your country that supports Mastercard withdrawals. As for Sri Lanka, Commercial Bank ATMS can be used.

So how long does it take for money to be sent from Paypal to Payoneer?

It takes between 3 to 5 days. When making a withdrawal keep at least a balance of $10 in your Payoneer account.

Payoneer charges a fee for making withdrawals plus so does the ATM machine which you’re using to make the withdrawal.

Another plus point about having a Payoneer account is that you can also make some money whenever someone signs up as your referral.

To learn more about Payoneer and it's referral program visit their website and read their FAQ Page.


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    • Suranee1969 profile image

      Suranee Perera 3 years ago from Kandy, Sri Lanka

      Hello Nester

      Did you sign up for a US Payment Service account which you can get with Payoneer? Once your US Payment Service account is approved you will get receive US bank account number. This is the number you need to enter in your US Paypal account under US bank account. Once you do that Paypal will send you two number within a few days. You need to enter those two numbers to verify your US bank account with Paypal and link them both.

    • profile image

      Nester 3 years ago

      Hi..I do have a Paypal account and as well as Payoneer master card and a account. My question is how do you transfer money from Paypal to Payoneer.

      Pls. help me..