Virtual wallets, online money transfers, and mobile transactions have become popular in the Philippines. Since 2010, GCash developed by Globe has been gaining popularity. At the end of 2020, the total number of GCash users has reached more than 33 million.
In this article, Techiestuffph.com will show you how to link and transfer money from Payoneer to GCash.
What is GCash?
GCash is a mobile payment application that can help turn your phone into a virtual wallet. Through the years, GCash has continually improved, with more partner merchants added. Users can link various bank accounts and payment solutions.
If you haven’t had a GCash account yet, here is how to register for GCash.
What is Payoneer?
Payoneer is a financial service company from the US. It offers digital payment service gateway as well as international money transfer. The company was founded by Yuval Tal with its headquarter based in New York. The platform promises seamless payments for everyone. In 2019, the company recorded 4 million registered users. It is considered to be the main rival of Paypal, another famous online payment gateway.
Payoneer as a partner of GCash
GCash added Payoneer as its linking option. However, before you can link your two accounts, make sure that you GCash account as well as your Payoneer account have been fully verified.
How to link Payoneer to GCash
Step 1: Open your GCash app and log into your account.
Step 2: After you have logged in, tap on the icon in the top left corner.
Step 3: From the menu, tap on “My Linked Account.”
Step 4: Select Payoneer.
Step 5: Find the Link Account button at the bottom of the screen and tap on it.
Step 6: To authorize GCash to access your Payoneer account, click “Agree.”
Step 7: Sign in using your Payoneer credentials. Sign up if you don’t have an account.
Step 8: Type in your mobile number and click “Turn on” to get your OTP.
Step 9: Input the OTP you receive and click “OK.”
Step 10: Once everything is done, you will see a blue confirmation page saying that your account has been linked successfully to GCash.
Step 11: You will receive a confirming text message.
You can start transferring money from Payoneer to GCash.
How to transfer Payoneer to GCash
Step 1: Open GCash and log into your GCash account. Tap on “Cash In” option.
Step 2: Select “Payoneer.”
Step 3: Choose the currency balance and input the amount of the money that you want to cash-in.
Step 4: Review it carefully before selecting “Confirm.”
Step 5: Input the OTP that you receive through your register mobile phone and tap “Submit.”
Step 6: A blue confirmation page will pop up saying that your transaction is being processed.
Step 7: You will receive a notification through SMS confirming your transaction. The money will appear in your GCash wallet.
With Payoneer, you are allowed to withdraw a maximum of P100,000 every 30 days. The cash-in limit of GCash is still applied. That is how to transfer your money from Payoneer to GCash.
How to withdraw Payoneer to GCash FAQs
How long does it take for the funds to appear in your GCash account?
You will receive your cash-in instantly. However, there are some transactions that may take 1 to 2 business days to be processed fully. You will be notified about the delay with an SMS.
What to do if you haven’t received your funds after 48 hours?
If you haven’t received your money after 48 hours, you may need to check your Transaction History in GCash to see if you have exceeded your monthly transaction limit. You can also download the Transfer Confirmation statement to let your back investigate the withdrawal’s status.
Payoneer to GCash fee
There is no cash-in fee. However, on Payoneer, users have to pay 1% of the total amount for payments in US dollars while fund withdrawal conversions from GBP or EUR to PHP have 2% above market fee.
You can either submit a ticket to GCash Help Center or contact Payoneer about the matter. That is how to link Payoneer to GCash. We hope that you find our article informative and helpful.