How do you create a Payoneer account in Pakistan (2021)?

Globalization where barriers are high when it comes to contrasting business practices makes cross-border payment platforms very important. 

Where PayPal took the lead in this and catered to the needs of many continents, Pakistan, a developing country in South Asia, was left wondering what to do as PayPal's services were not available in the country. 

This is where Pioneer Service is accepted in more than 200 countries and in more than 150 currencies. This widely accessible network ensures easy, flexible, fast, and low-cost solutions or payments worldwide. 

Let's explore how to use a Payoneer Account in Pakistan and how to use a Payoneer Card in Pakistan

What is Payoneer?

Headquartered in New York City, Payoneer is a financial services company that offers online money transfer solutions.

It has more than 1500 employees working in more than 21 offices worldwide and serves more than 5 million customers. It turned out to be an alternative to PayPal, not in other countries.

Encouraged by the business spirit of its customers, Payoneer introduced the freedom to transfer money to virtual accounts which saves a lot of time and effort.

 

How do you create a Payoneer account in Pakistan?

Creating a Payoneer account is simple and easy. All you have to do is follow the steps listed below and get ready to go.

1. In your web browser, open the official Payoneer website, www.payoneer.com

2. Click on the 'Registration' tab in the opening window,

3. Next, select a list of options that describe your work. You can choose whether you are a freelancer, an online retailer, a digital retailer, a holiday rental host, or simply one person.

4. You will then need to add your personal details such as your name, ID card details, date of birth or your address, etc.

5. Finally, you will be asked to provide your bank with IBAN and other relevant details.

 

Registration of Pioneers in Pakistan

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

For registration, requirements include:

• Having a local bank account,

• Setting your residential address,

• You are at least 18 years old,

• A photograph of your national identity document (CNIC), driver's license, or passport for verification purposes.

 

Payoneer card money in Pakistan

Once you have subscribed, then the Payoneer card can be ordered for free but you will have to pay an annual service fee of $ 29.95.

When you use your Payoneer MasterCard to withdraw payments using an ATM, it costs $ 3 per transaction. For transaction cancellations, they are charged $ 1 each. Apart from this, local banks also charge a set fee through their ATMs.

A standard Payoneer 2% transaction fee will apply when withdrawing money from your Payoneer account.

 

Pioneer Payments in Pakistan

When you withdraw a payment into your Payoneer account in Pakistan, a standard 3% fee per transaction and the exchange rate is deducted.

 It is very expensive and was the cause of the problem in the past when users had no choice but to use certain ATMs to withdraw payments.

There was also the problem of daily limitations of inadequacy for some users. Or, Pioneer users are now free to add their Pakistani bank account details and request a withdrawal. It is relatively cheap and saves a lot of trouble.

 

How to get a Payoneer MasterCard in Pakistan?

After signing up for Payoneer, you can send your Payoneer MasterCard to your address in about two weeks. To order a card, all you need to do is

1. log in to your online account and select settings.

2. On the screen that is full

How to use Payoneer Card in Pakistan?

1. Activating your Payoneer card takes a few minutes and can be easily done online by logging in to your Payoneer account.

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

3. Next, Click on the 'view your status and activate account' option. Once you have done that, keep your card in your hand as you will need to add your 16-digit card number there and select the security PIN as you wish.

4. After all the required information has been completed, and the account has been activated, you will be ready.

 

Which Bank supports Payoneer in Pakistan?

Pakistan has several national and international banks but not all support the withdrawal of Pioneers. Even their ATMs do not allow you to withdraw money from your Payoneer MasterCard.

However, there are a few who offer these services nationwide. Among them are

1. Bank Alfalah

2. Citibank

3. Faysal Bank

4. Habib Bank Limited (HBL)

5. Muslim Commercial Bank (MCB)

6. Samba Bank

7. Standard Chartered Bank.

A person can withdraw money from his Payoneer account through these banks and use the ATM services of some of these banks to withdraw money using Payoneer MasterCard.

 

How can you deposit money into a Payoneer Card in Pakistan?

Another important question that is often asked is how to deposit money on a Payoneer card in Pakistan.

1. To do so, log in to your Payoneer account, then select the transaction tab found under the activity menu.

2. You will have the opportunity to upload your payment.

3. It should be remembered that once you have uploaded a payment, it usually takes a few hours before the amount starts appearing in your account.

Most Related Searches:

How can I create a Payoneer account?

Is the Payoneer account free?

Does Payoneer require a bank account?

How do I log into Payoneer?

Can Payoneer be linked to PayPal?