In today’s digital economy, freelancers, entrepreneurs, and online sellers in Pakistan are increasingly relying on global payment platforms to receive payments from international clients. One of the most popular solutions is Payoneer , a trusted financial service provider that enables users to receive, send, and manage funds across borders.
However, many Pakistani users have questions like: “Is Payoneer available in Pakistan?” or “How do I make a Payoneer account in Pakistan?” In this comprehensive guide, we’ll answer all your queries about creating and using Payoneer effectively in Pakistan. Whether you’re a freelancer, eCommerce seller, or small business owner, this article will help you navigate Payoneer with ease.
Section 1: Is Payoneer Available in Pakistan?
Yes, Payoneer is available in Pakistan , and it has become a go-to platform for freelancers and businesses looking to receive international payments. Payoneer supports users in over 200 countries, including Pakistan, making it an ideal choice for those working with global clients on platforms like Upwork, Fiverr, Etsy, and more.
While Payoneer operates seamlessly in Pakistan, there are a few considerations:
- You’ll need to link your Payoneer account to a local Pakistani bank account for withdrawals.
- KYC (Know Your Customer) verification is mandatory, requiring documents like your CNIC or passport.
- Currency conversion fees may apply when withdrawing funds in Pakistani Rupees (PKR).
Despite these minor requirements, Payoneer remains a reliable and accessible option for Pakistani users.
Section 2: How to Make/Create a Payoneer Account in Pakistan
Creating a Payoneer account in Pakistan is simple and straightforward. Follow these steps:
Step 1: Visit the Payoneer Website
- Go to Payoneer.com and click on the “Sign Up” button.
Step 2: Fill Out Personal Information
- Enter your full name, email address, and create a strong password.
- Ensure that the name matches the details on your CNIC or passport.
Step 3: Verify Your Email Address
- After signing up, check your inbox for a verification email from Payoneer.
- Click the link provided to confirm your email address.
Step 4: Complete KYC Verification
- Upload scanned copies of your CNIC (front and back) or passport.
- Provide proof of address, such as a utility bill or bank statement (not older than 3 months).
- Wait for Payoneer to verify your documents, which usually takes 1-3 business days.
Step 5: Link Your Bank Account
- Add your Pakistani bank account details, including the account number and IBAN.
- This step ensures you can withdraw funds directly to your local bank account.
Step 6: Activate Your Account
- Once your documents are verified, log in to your Payoneer dashboard.
- Finalize your setup by activating any additional features, such as the prepaid MasterCard (if available in Pakistan).
Congratulations! You now have a fully functional Payoneer account.
Section 3: Payoneer Minimum Withdrawal Limit in Pakistan
For Pakistani users, Payoneer imposes a minimum withdrawal limit of $50 USD when transferring funds to a local bank account. This means you must have at least $50 in your Payoneer balance before initiating a withdrawal.
Here are some important points to keep in mind:
- Currency Conversion Fees : Payoneer charges a 2% fee for converting USD to PKR.
- Withdrawal Processing Time : Transfers to Pakistani banks typically take 2-5 business days.
- Higher Amounts for Wire Transfers : If you choose wire transfers instead of local bank transfers, the minimum withdrawal amount may increase.
Plan your withdrawals strategically to minimize fees and maximize your earnings.
Section 4: How to Send Money from Payoneer to Payoneer
Sending money between two Payoneer accounts is quick and easy. Here’s how to do it:
- Log in to your Payoneer account.
- Navigate to the “Transfer” section.
- Select “To Payoneer Account.”
- Enter the recipient’s email address or Payoneer account ID.
- Specify the amount you wish to send and confirm the transaction.
One of the advantages of Payoneer-to-Payoneer transfers is that they are often free or incur minimal fees compared to other methods. This makes it a cost-effective way to pay freelancers, vendors, or collaborators globally.
Section 5: How to Send Money from PayPal to Payoneer
Many users wonder if they can transfer funds directly from PayPal to Payoneer. While there’s no direct integration between the two platforms, you can use an indirect method:
Option 1: Use a Payoneer Prepaid Card
- If you have a Payoneer prepaid MasterCard, you can withdraw funds from PayPal to the card.
- Note that this feature may not be available to all users in Pakistan.
Option 2: Use Third-Party Services
- Platforms like Wise (formerly TransferWise) or Remitly allow you to transfer funds from PayPal to Payoneer.
- Simply withdraw your PayPal balance to your bank account, then use the third-party service to send the funds to your Payoneer account.
Keep in mind that both methods may involve currency conversion fees, so compare options carefully.
Section 6: How to Send Money on Payoneer
Payoneer offers multiple ways to send money, whether you’re paying freelancers, vendors, or suppliers. Here’s how to do it:
- Log in to your Payoneer account.
- Go to the “Send Payment” section.
- Choose the recipient’s location and payment method (e.g., bank transfer, Payoneer account).
- Enter the recipient’s details and the payment amount.
- Review the transaction and confirm.
Payoneer’s “Global Payment Service” allows you to send payments directly to recipients’ bank accounts in over 150 currencies, making it a versatile tool for international transactions.
Section 7: Minimum Amount to Withdraw from Payoneer
The minimum withdrawal amount from Payoneer depends on the method you choose:
- Local Bank Transfer : The minimum is $50 USD.
- Wire Transfer : The minimum may range from $500 to $1,000 USD, depending on the destination country.
- Prepaid Card : No minimum limit applies, but ATM withdrawal fees may vary.
Always check Payoneer’s fee structure before initiating a withdrawal to avoid surprises.
Section 8: Common Questions About Payoneer in Pakistan
Here are answers to some frequently asked questions:
Q: How long does it take to verify a Payoneer account in Pakistan?
- Verification typically takes 1-3 business days, but delays can occur during peak periods.
Q: Are there any hidden fees for Pakistani users?
- Payoneer charges a 2% currency conversion fee and standard withdrawal fees. Always review the fee schedule on their website.
Q: Can I use Payoneer without a bank account?
- While linking a bank account is recommended, you can use the Payoneer prepaid card (if available) for withdrawals.
Section 9: Tips for Using Payoneer Effectively in Pakistan
To get the most out of Payoneer, follow these tips:
- Keep Your Account Updated : Regularly update your personal and bank details to avoid delays.
- Monitor Exchange Rates : Withdraw funds when exchange rates are favorable to maximize your earnings.
- Use Request Payment Feature : Simplify invoicing for clients by using Payoneer’s “Request Payment” tool.
- Stay Safe Online : Avoid phishing scams by always logging in through the official Payoneer website.
Conclusion
Payoneer is a powerful tool for freelancers, entrepreneurs, and businesses in Pakistan who want to receive and manage international payments. By following the steps outlined in this guide, you can easily create a Payoneer account, understand its features, and overcome common challenges like withdrawal limits and currency conversion fees.
Ready to take the first step? Sign up for Payoneer today and unlock new opportunities to grow your income globally!
Have questions or experiences to share? Leave a comment below—we’d love to hear from you! For more information, visit Payoneer’s official help center . Start your journey with Payoneer now and join thousands of Pakistani users benefiting from this global payment solution.