As a freelance Facebook Ads Strategist, I always receive payments from overseas clients thru Payoneer or Paypal. In this post, I will show you how to cash in or transfer funds from Payoneer to GCash.

Related: How to Send Money via GCash

You can always withdraw your Payoneer balance to your bank account. However, it is much more convenient to transfer it to GCash since you can do a lot of transactions in GCash than your bank account.

What is Payoneer?

Payoneer is a global payment platform where businesses, online sellers or freelancers can pay or get paid easily. I knew this platform few years ago but I have used it only this year since I started my freelancing career. You can signup with Payoneer now. 

Why Withdraw Funds from Payoneer to GCash

Months ago, I have gotten used to withdrawing funds in Payoneer to my BPI account. It is great however I only found out a few days ago that it is now possible to transfer funds from Payoneer to GCash. And that is more convenient. Here’s why.

With GCash, you have virtually unlimited access to e-commerce and online transactions. You can do money transfer to other GCash accounts or interbank transfers like BDO, Unionbank, Metrobank, etc. These transactions are not supported with BPI or any other banks.

Related: Cash In to GCash via BPI Online

Thus, by withdrawing directly to GCash, you are saving your time from doing additional transfers from your bank account to GCash.

How to Link Your Payoneer Account to GCash

You can easily link your Payoneer account to GCash. Here are the detailed steps.

  1. Log in to GCash
  2. Tap “Cash In
  3. On the “Linked Accounts” section, tap “Manage
  4. Tap “Payoneer
  5. Tap “Link Account
  6. If you have a Payoneer account already, enter your email or username. If not, you can sign up for a Payoneer account
  7. Enter your Payoneer password
  8. Tap “Sign In
  9. Two-Step Verification appears. Enter the 6-digit code received on your mobile number
  10. Tap “Submit
  11. Tap “Agree
  12. Connection succesful! Now you can withdraw Payoneer funds to your GCash account
To verify if you’ve done it correctly, make sure that Payoneer shows up under “My Linked Accounts.”

How to Withdraw Funds From Payoneer to GCash

The process is quite easy in 10 simple steps. Just make sure that your Payoneer account is already linked to your GCash account. If not then link your Payoneer account to GCash first.

Related: How to Top Up Shopee Pay Using GCash

It is also worth noting that there is no minimum amount transfer fee and the conversion rate is pretty competitive to the current market price.

  1. Log in to GCash
  2. Tap “Cash In
  3. Under “My Linked Accounts“, tap “Payoneer
  4. Choose the currency that you want to withdraw. Make sure that you have an available balance.
  5. Enter the amount that you want to withdraw. Tap “Next
  6. You will see the conversion value from foreign currency to Philippine Peso
  7. Review the details and tap “Confirm
  8. Enter the 6-digit OTP sent to your GCash mobile number
  9. Tap “Submit
  10. You will now see the transaction confirmation and this is in fact real time transaction. Congrats! You have successfully cashed in from Payoneer to GCash!

Payoneer to GCash Transaction Fee

In my first transaction from Payoneer to GCash this May 2021, I transferred a total of $225. However, the net transfer is only $220.5 and the deduction is $4.5 (which is 2%) and I received Php10,542.10. Therefore I can confirm that there is indeed a transaction fee of 2% and the transfer is not really free as claimed before.

Payoneer to GCash Maximum Transfer Cap

As confirmed by William Yap of GCash, the maximum transfer cap from Payoneer to GCash is Php100,000 as stipulated by Bangko Sentral ng Pilipinas. Also, before you make any transactions, make sure that your verification level supports the amount that you will transfer.


Online funds transfer is getting easier and cheaper these days. This empowers online business owners and freelancers to go global as geographical barriers are no longer an issue.

While cryptocurrency are still making massive developments, payment platforms and e-Wallets can merge together to offer advanced solutions with competitive pricing for online merchants. 

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  1. Joshua Santos 08/01/2021 at 18:32 - Reply

    Wow this is really helpful to freelancers like me. Thank you for this!

    • pauldabuco 08/02/2021 at 01:01 - Reply

      You’re welcome! I really like Payoneer, way better than Paypal :)

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