In a world of globalization where the barriers held no meaning when it came to cross-cultural businesses between companies and professionals, cross-border payment platforms became ever so important. Where PayPal started to lead the pack in such a manner and took into account the requirements of innumerable across landmasses, Pakistan a growing South Asian nation was left to contemplate concerning what to do since the administrations of PayPal were not accessible in the country. This is the place where Payoneer came in which is adequate in excess of 200 nations and more than 150 monetary standards. This widely accessible network ensures easy, flexible, fast, and low-cost solutions to pay or receive money globally. Let’s Explore how to Activate Payoneer account in Pakistan & how to activate Payoneer Card in Pakistan
What is Payoneer?
Headquartered in New York City,
Payoneer is a financial services company offering online money transferring
solutions.
It has over 1500 employees based in over 21 global offices and serves over 5 million customers. It came to light as an alternative to PayPal, which is not present in some countries.
Propelled by the pioneering soul
of its clients, Payoneer presents the opportunity of cash move office over
virtual records that saves a great deal of time and bother.
How to make a Payoneer account in Pakistan?
Making a Payoneer account is
simple and easy. All you need to do is follow the listed steps below and you
are good to go.
1. From
your web browser, open the official website of Payoneer i.e., www.payoneer.com
2. Click
on the ‘register’ tab in the window that opens up,
3. Next,
choose from a list of options explaining the work that you do. You can either
select that you are a freelancer, online seller, digital marketer, vacation
rental host, or simply an individual.
4. Then
you would have to add your personal information such as your name, ID card
details, date of birth or your address, etc.
5. Finally,
you will be asked to provide your bank IBAN number and other relevant details.
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Payoneer Registration in Pakistan
Once you have registered yourself
on Payoneer as an individual or a company, you will be eligible to receive
payments. You are given access to a virtual bank account and you will also get
a Payoneer MasterCard shipped to your address within 2 weeks.
For registration, requirements
include:
o
Having a local bank
account,
o
Stating your residential
address,
o
Being at least 18 years
old,
o A picture of your national identity card (CNIC), driving license, or even passport for verification purposes.
Payoneer card fees in Pakistan
Once you have registered
yourself, then Payoneer card can be ordered for free but you will have to pay
the service charges yearly which is $29.95.
While using your PayoneerMasterCard to withdraw payments using an ATM, $3 are charged per transaction. On cancellation of a transaction, $1 is charged every time. Other than this, local banks also charge a set fee for using their ATMs.
Payoneer charges in Pakistan
When withdrawing payment from
your Payoneer account in Pakistan, standard charges of 3% per transaction and
currency exchange fee is deducted. It is very costly and became a cause of
trouble in the past when the users had no other option than to use specific
ATMs for payment withdrawals.
There was additionally the issue
of day-by-day restrictions not being sufficient for certain clients. However,
presently Payoneer clients have the freedom of adding their Pakistani ledger
subtleties and mentioning a withdrawal. It is nearly less expensive and saves a
ton of issues.
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How to get Payoneer MasterCard in Pakistan?
After you have registered
yourself on Payoneer, you can get your Payoneer MasterCard shipped to your
address in 2 weeks’ time approximately.
To order a card, all you need to
do is
o
log in to your online
account and select settings.
o
In the screen that
follows, click on the card management tab
o
then click on the ’order a
card’ tab and simply follow the instructions.
Another way to order a card is to
o Click on the ‘order card’ tab located on the top-right of your screen, and then follow the instructions.
How to activate Payoneer Card in Pakistan?
o
Activating your Payoneer
card only takes a few minutes and can be done so easily by going online and
logging into your Payoneer account.
o
Select the account which
you want to activate and if you have only one account then it would be selected
automatically.
o
Next, click on ‘to view
your status and activate the account’ option. Once you have done that, keep
your card in your hand because you would have to add your 16 digit card number
there and choose a security PIN according to your liking.
o
After all the required
information is filled, and the account activated, you are good to go.
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Which Bank supports Payoneer in Pakistan?
Pakistan has a lot of National
and International Banks that are operational but not all of them support
Payoneer withdrawal. Even their ATMs do not let you withdraw funds from your
Payoneer MasterCard.
Still, there are a few that offer
you these services across the country. Among them are
·
Bank Alfalah
·
Citibank
·
Faysal Bank
·
Habib Bank Limited (HBL)
·
Muslim Commercial Bank
(MCB)
·
Samba Bank
·
Standard Chartered Bank.
One can withdraw money from their Payoneer account through these banks and also use the services of ATMs of some of these banks to withdraw money using the Payoneer MasterCard.
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How to load money on Payoneer Card in Pakistan?
Another important question that
is frequently asked is how can one load money on a Payoneer card in Pakistan.
·
To do so, log into your
Payoneer account, and select the transactions tab that is located under the
activity menu.
·
You will find the option
of loading your payment.
·
It is to be kept in mind
that once you have loaded the payment, it usually takes a few hours before the
amount starts showing in your account.
FAQ
Is Payoneer available in Pakistan 2022?
As Paypal isn't available in
Pakistan, Payoneer works as its feasible replacement and is used by people
looking to transfer funds across borders and from international companies
stationed elsewhere.
How can I make my Payoneer account in 2022?
To apply for a Payoneer Account,
simply login to your online account with your Payoneer mass payout company,
select Payoneer as your payment method, and you will be directed to an
application page.
How can I get Payoneer Card 2022?
To order a card from your online
account, select Settings → Card Management, click Order a
card, and follow the instructions. Alternatively, click the "Order
Card" menu item located at the top right of your screen, and follow the
instructions.
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