What started as a frustrating limitation transformed into a workable international payment solution. Carlos now runs his ecommerce business from São Paulo while collecting Stripe payments through Payoneer’s virtual accounts. Understanding how these platforms connect enabled accessing funds that otherwise would have remained frozen in the payment ecosystem.
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Table of Contents
Yes You Can Transfer Stripe to Payoneer
Stripe can transfer funds to Payoneer accounts indirectly through Payoneer’s Global Payment Service. According to user reports, Payoneer gives you a virtual bank account in America that you can use to receive payouts from Stripe. This workaround enables merchants in unsupported countries accessing Stripe payouts despite geographic restrictions.
The process works because Payoneer issues receiving account details that function like traditional US bank accounts from Stripe’s perspective. When you add these details to your Stripe Dashboard as payout destinations, the platform treats them as regular American banking information enabling standard transfers.
However, this connection isn’t officially direct integration. Payoneer stated you have the option to withdraw from Stripe to your Payoneer account if you wish to by entering the Global Payment details of the currency you wish to get paid in to the banking section of your Stripe account. The platforms communicate through standard banking infrastructure rather than specialized partnerships.
How Payoneer Global Payment Service Works
Payoneer provides virtual receiving account details for multiple currencies including USD, EUR, GBP, and others. These accounts include routing numbers, account numbers, and bank names allowing you to receive payments from companies and platforms worldwide as if you maintained traditional bank accounts in those countries.
The receiving accounts are designed specifically for incoming transfers. You provide the details to payers who send funds through normal banking channels. The money arrives in your Payoneer balance where you can convert currencies, transfer to local bank accounts, or withdraw through Payoneer debit cards.
According to Payoneer documentation, these receiving accounts work with various payment providers though some platforms including Stripe sometimes reject them during verification processes. Success rates vary depending on account age, transaction history, and specific verification requirements.
Setting Up Stripe to Payoneer Connection
Step One Getting Payoneer Account Details
Log into your Payoneer account and navigate to the Receive section. Request a Global Payment Service account for USD if targeting Stripe payouts. Payoneer generates unique banking details including account number, routing number, and bank name within minutes.
Copy these details exactly as displayed. Any typos or variations may cause Stripe rejecting the bank information during setup. Pay particular attention to the beneficiary name which must match your Stripe account registration information precisely.
Step Two Adding Details to Stripe
Access your Stripe Dashboard and locate the payout settings under Business Settings. Select Add Bank Account then choose United States as the country since Payoneer USD accounts use American banking infrastructure.
Enter the Payoneer account number, routing number, and account holder name exactly as provided. Stripe typically sends two small verification deposits within 2 to 3 business days. Check your Payoneer transaction history for these micro-deposits then confirm the amounts in Stripe completing verification.
Step Three Receiving Your First Payout
After verification completes, Stripe processes payouts according to your schedule sending funds to the Payoneer account details. It typically takes 3 to 5 business days for us to receive, review, and load a payment sent via the global payment service according to Payoneer support responses.
Your first payout may experience additional delays as both platforms assess the new connection. Subsequent transfers typically arrive faster following standard Stripe payout schedules plus Payoneer processing time.
Potential Issues and Limitations
Not all Stripe accounts successfully connect with Payoneer receiving accounts. Some merchants report Stripe rejecting Payoneer bank details during verification citing virtual account restrictions. According to user discussions, Payoneer sometimes holds your payment requiring additional documentation proving fund origins.
Stripe representatives have occasionally stated they don’t support virtual bank accounts though many users successfully receive payouts anyway. The inconsistency suggests automated verification processes sometimes flag Payoneer accounts while other times accepting them without issue.
Some businesses experience Payoneer unexpectedly refunding received payments requesting employment contracts or invoices documenting transaction sources. This scrutiny particularly affects newer accounts or those receiving large irregular transfers triggering compliance reviews.
Frequently Asked Questions
Is using Payoneer with Stripe officially supported?
No, Stripe doesn’t officially support Payoneer receiving accounts. However, many merchants successfully use Payoneer Global Payment Service details as payout destinations. The connection works through standard banking infrastructure rather than direct integration. Success varies depending on verification processes and account characteristics.
How long do Stripe to Payoneer transfers take?
Combined timing includes Stripe’s standard payout schedule typically 2 days in the US plus Payoneer’s processing time of 3 to 5 business days. Total time from transaction to Payoneer balance availability ranges from 5 to 7 business days. Initial transfers may take longer during account verification periods. Subsequent payouts follow more predictable schedules.
Are there fees for transferring Stripe to Payoneer?
Stripe charges standard transaction fees of 2.9 percent plus $0.30 per payment regardless of payout destination. Payoneer doesn’t charge fees for receiving payments through Global Payment Service accounts. However, withdrawing from Payoneer to your local bank account or converting currencies incurs Payoneer’s standard fees up to 3 percent depending on currencies involved.
What should I do if Stripe rejects my Payoneer account details?
Try requesting a different Payoneer receiving account as some issuing banks work better with Stripe verification processes. Ensure all details match exactly between Stripe and Payoneer accounts including legal business names. Contact Payoneer support requesting receiving accounts specifically compatible with payment processors.
Can I use Payoneer for Stripe in any country?
Payoneer Global Payment Service supports multiple countries but availability varies. The service works best for merchants in regions where Stripe operates but doesn’t offer direct bank payouts. Check both Stripe’s supported countries for your business location and Payoneer’s receiving account availability for your desired currencies before attempting setup.
What alternatives exist if Stripe to Payoneer doesn’t work?
Wise (formerly TransferWise) represents the most popular alternative offering similar virtual bank accounts with reportedly higher Stripe acceptance rates. Revolut provides business accounts with international banking details. Some merchants use intermediary US LLC formations obtaining traditional American bank accounts though this requires legal entity creation and associated costs.
Conclusion
Carlos’s Brazilian ecommerce business thrives processing $15,000 monthly through Stripe with smooth Payoneer withdrawals. The indirect connection solved his geographic limitation enabling participation in global digital commerce despite residing outside Stripe’s direct payout countries.
Transferring Stripe to Payoneer works for many international merchants though it’s not officially supported requiring workarounds through virtual bank accounts. The Global Payment Service provides receiving account details that Stripe treats as traditional US banks enabling standard payout processing.
Success requires careful setup ensuring all details match exactly between platforms. Expect longer processing times combining Stripe’s payout schedule with Payoneer’s fund loading periods. Monitor early transfers closely addressing any verification requests immediately.
