Create Payoneer Account In Pakistan Step by Step Guide

How to Create Payoneer Account in Pakistan: Company Based in New York City, Payoneer is a financial services company that offers online money transfer solutions. It has more than 1,500 employees in more than 21 global offices and serves more than 5 million clients. It came to light as an alternative to PayPal, which is not present in some countries.

Inspired by the entrepreneurial spirit of its clients, Payoneer presents the ease of transferring money over virtual accounts that saves a lot of time and hassle.

Making a Payoneer account is simple and easy. All you need to do is follow the steps listed below and you're ready to go. From your web browser, open the official Payoneer website, i.e. www.payoneer.com

Click on the "Register" tab in the window that opens, Then choose from a list of options that explain the work you do. You can select to be a freelancer, online marketer, digital marketer, vacation rental host, or just an individual.

Then, you will need to add your personal information such as your name, ID card details, date of birth or address, etc.

Finally, you will be asked to provide your bank's IBAN number and other relevant details.

Do I need a bank account for Payoneer?

A quick answer to this question is yes. It is necessary to have a bank account in order to register with Payoneer. However, there is a way that you can use to sign up for Payoneer without a local bank account. And it is that you need to register in Payoneer through any company or market like Fiverr, UpWork, etc.

Again, I would like to remind you that this method is not recommended for all those who have a local bank account because by registering with the method, you will not be able to earn the $ 35 registration bonus.

How to create a Payoneer account without any bank?

You can follow these simple steps to create a Payoneer account without a local bank account. You can follow this method from any country and Payoneer is currently working in more than 200 countries.

Payoneer registration in Pakistan

Once you have registered with Payoneer as an individual or company, you will be eligible to receive payments. You are given access to a virtual bank account and a Payoneer MasterCard will also be sent to your address within 2 weeks.

For registration, the requirements include:

• Have a local bank account,
• Indicating your residential address,
• Be at least 18 years old,
• A photo of your National Identity Card (CNIC), driver's license or even passport for verification purposes.

Payoneer card rates in Pakistan

Once you have registered, you can apply for the Payoneer card for free, but you will have to pay the service fees annually, which is $ 29.95.

While using your Payoneer MasterCard to withdraw payments using an ATM, $ 3 per transaction is charged. When canceling a transaction, $ 1 is charged each time. Apart from this, local banks also charge a fixed fee for using their ATMs.




Read Also: - How To Create Payoneer Account in Pakistan Full Guide






Payoneer charges in Pakistan

When withdrawing payment from your Payoneer account in Pakistan, the standard 3% transaction fees and currency exchange fee are deducted. It is very expensive and became a cause of problems in the past when users had no choice but to use specific ATMs for withdrawals.

There was also a problem that daily limits were not sufficient for some users. However, Payoneer users are now free to add their Pakistani bank account details and request a withdrawal. It is comparatively cheaper and saves a lot of trouble.

How to get Payoneer MasterCard in Pakistan?

Once you have registered with Payoneer, you can send your Payoneer MasterCard to your address in approximately 2 weeks.

To order a card, all you need to do is log into your online account and select settings.

On the screen that follows, click on the card management tab then click on the "order a card" tab and simply follow the instructions.Another way to order a card is Click on the "order card" tab located at the top right of the screen and then follow the instructions.

How to activate the Payoneer card in Pakistan?

Activating your Payoneer card only takes a few minutes and can be done so easily by connecting online and logging into your Payoneer account.

Select the account you want to activate and if you only have one account, it will be automatically selected.

Then click "to see your status and activate the account option." Once you have done that, keep your card on hand because you would have to add your 16 digit card number there and choose a security PIN according to your taste.

Once all the required information has been completed and the account has been activated, you are ready to go.

Which bank supports Payoneer in Pakistan?

Pakistan banks, net profit, total assets

Pakistan has many national and international banks that are operational, but not all support Payoneer's withdrawal. Even your ATMs do not allow you to withdraw funds from your Payoneer MasterCard.

Still, there are some who offer these services across the country. Among them are

• Alfalah Bank
• Citibank
• Faysal Bank
• Habib Bank Limited (HBL)
• Muslim Commercial Bank (MCB)
• Samba bench
• Standard Chartered Bank.

One can withdraw money from their Payoneer account through these banks and also use the ATM services of some of these banks to withdraw money using the Payoneer MasterCard.

How to load money on the Payoneer card in Pakistan?

Another important question that is frequently asked is how you can load money on a Payoneer card in Pakistan.

To do so, log in to your Payoneer account and select the transactions tab found in the activities menu.

You will find the option to upload your payment.

It should be noted that, once you have charged your payment, it usually takes a few hours before it show your balance.