Complete Guide to Transferring Money from Payoneer to GCash in the Philippines

Payoneer¹ is a global provider of business accounts and services, with a focus on online sellers and anyone working digitally. Payoneer can be a handy tool for businesses and freelancers to get paid online - but if you’d prefer to have your money in your GCash² wallet for easier day to day spending, you may be wondering: Can Payoneer send money to GCash? This guide covers all you need to know.

Table of contents
How to Send Money from Payoneer to GCash Payoneer to GCash Payments: Eligibility Payoneer to GCash Transfer: Step-by-Step Guide How long does a Payoneer to GCash transfer take? Payoneer to GCash Charges Payoneer to GCash Transfer Fee Payoneer to GCash Conversion Rate Meet Wise: An alternative for international money transfers

How to Send Money from Payoneer to GCash

If you have a Payoneer account and want to move your balance to GCash, you may be able to do so by linking your eligible GCash account to Payoneer. You can then use the Cash in process to withdraw your money from Payoneer to GCash, to be deposited into your GCash wallet for easy spending later. Fees apply when you send money from Payoneer to GCash. We’ll look at how this process works in more detail, next.

Payoneer to GCash Payments: Eligibility

To transfer money from Payoneer to GCash in the Philippines, you’ll need to take a few steps first. Here are some eligibility requirements to consider:

• You must have a fully verified GCash account to use this service
• Before you can transfer money from Payoneer to GCash you’ll need to link Payoneer and GCash
• To link Payoneer and GCash, your name must be the same on both accounts

Payoneer to GCash transfer limits are likely to apply, which can vary based on your account usage, verification, and the currencies involved. You’ll be notified of any relevant limits when you set up your Payoneer to GCash cash in.

If you don’t yet have a fully verified GCash account you’ll need to set this up first. Here are the steps to verify your account if you’re over 18, and have a Philippines mobile number. If you’re under 18, or don’t have a local phone, there are different options available⁴:

1. Log into the GCash app, and tap Profile
2. Select Verify Now, and then tap Get Started
3. Read through the verification requirements, and tap Next
4. You’ll be sent an authentication code - enter this and tap Next
5. Enter your birthday and confirm you are a Filipino citizen - tap Next
6. Choose which government ID to use to get verified, upload and image and take a selfie scan
7. Review your account information and tap Submit

Payoneer to GCash Transfer: Step-by-Step Guide

The first step if you want to move money from Payoneer to GCash, is to link your GCash account to your Payoneer account. Here’s what you need to do⁵:

1. Open the GCash homepage, and tap Profile
2. Tap on My Linked Accounts, then Payoneer
3. Tap Link Account and follow prompts to enter your Payoneer login credentials
4. You’ll receive a verification code via SMS and can enter this to confirm the link

Once you have linked your GCash and Payoneer accounts, you’re ready to set up a GCash cash in to withdraw money from Payoneer to GCash. Here’s how to arrange your Payoneer to GCash transfer⁶:

1. Open the GCash homepage, and tap Cash In
2. Tap Global Banks and Partners, then Payoneer
3. Enter the currency and amount you want to withdraw
4. Review and confirm by entering the verification code you’ll get via SMS

How long does a Payoneer to GCash transfer take?

Once you’ve initiated your withdrawal, the Payoneer to GCash processing time is usually only about 5 minutes.

You’ll receive a message via SMS to confirm your payment has been approved. You’ll also be able to access Payoneer to GCash tracking by logging into your Payoneer account and reviewing the withdrawal there.

Payoneer to GCash Charges

Payoneer has recently reviewed its cash in charges, and there is now a fee to make a Payoneer to GCash withdrawal or transfer. Read on for all you need to know.

Payoneer to GCash Transfer Fee

From July 8th 2024 onwards, GCash has started to charge a 1% fee when you make a Payoneer to GCash withdrawal⁷. If you need currency conversion as part of the process, you may also find that other fees apply which are added into the exchange rate applied. More on that next.

Payoneer to GCash Conversion Rate

If you need to withdraw from Payoneer to GCash and want to exchange currencies as part of the transaction, there may be an additional fee in the form of an exchange rate markup.

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Sources:

1. Payoneer
2. GCash
3. *Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
4. GCash help - get verified
5. GCash help - Link Payoneer to GCash
6. GCash help - cash in with linked account
7. GCash help - cash in fees