How to Use Payoneer as a Payment Gateway in Pakistan & India: A Step-by-Step Guide

In today’s digital economy, freelancers, businesses, and online sellers in Pakistan need efficient ways to receive payments from international clients. Payoneer, a widely used global payment platform, makes it easy to get paid across borders. This step-by-step guide will walk you through setting up and using Payoneer as a payment gateway in Pakistan to ensure smooth transactions with international clients and marketplaces.

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What is Payoneer?

Payoneer is an online payment platform that enables businesses and freelancers to receive payments in different currencies. With Payoneer, you can withdraw money directly to a local Pakistani bank account or access funds through the Payoneer MasterCard. This makes it a practical choice for professionals in Pakistan working with international clients.

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Why Use Payoneer as a Payment Gateway in Pakistan?

• Access to Global Markets: Receive payments from clients worldwide.
• Multiple Currencies: Get paid in USD, EUR, GBP, and more.
• Direct Withdrawals: Transfer money to your Pakistani bank account with ease.
• Low Transaction Fees: Competitive exchange rates and minimal transfer fees.
• Payoneer MasterCard: Access your funds instantly and use it for online or in-store purchases.

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Step-by-Step Guide to Using Payoneer in Pakistan

Step 1: Create a Payoneer Account

To begin, follow these steps to register your account:

1. Visit the Payoneer Website
   Head to the official Payoneer website (www.payoneer.com) and click Sign Up.

2. Select Your Account Type
   You’ll need to choose between:

   • Freelancer or service provider
   • Online seller
   • Individual (for personal use)

   Choose the option that best fits your needs. Most freelancers and small businesses choose Freelancer or Service Provider.

3. Enter Your Personal Information

   • Provide your name, email address, and phone number.
   • Set up a password for your account.

4. Add Contact Details
   Enter your Pakistan address and other required information. Ensure the details match your national ID or passport to avoid verification issues.

5. Bank Account Information
   Add the details of your Pakistani bank account where you want to withdraw funds (IBAN number and bank branch code will be required).

6. Verification
   After submitting the form, you’ll receive a confirmation email. Complete the verification by uploading your CNIC, passport, or driving license.

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Step 2: Link Payoneer to Your Freelance Platform or Online Store

Payoneer can integrate with several platforms, such as Fiverr, Upwork, Amazon, and PayPal. Here’s how to link it:

1. Login to your freelance platform (e.g., Fiverr or Upwork).
2. Navigate to the Payments Settings section.
3. Choose Payoneer as the preferred payment option.
4. You’ll be redirected to Payoneer’s website.
5. Log in to your Payoneer account and authorize the integration.

This integration ensures you can receive payments directly from these platforms into your Payoneer account.

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Step 3: Receive Payments from International Clients

If you’re working with direct clients (outside of freelance marketplaces), you can receive payments using Payoneer in two ways:

Option 1: Request Payment via Payoneer

1. Log in to your Payoneer dashboard.
2. Click on Request a Payment from the menu.
3. Enter the client’s email address and invoice amount.
4. Add any invoice details or attachments (optional).
5. Click Send Request.

Your client will receive an email with a link to complete the payment via credit card or bank transfer.

Option 2: Use Payoneer’s Global Payment Service

Payoneer provides virtual bank accounts (e.g., a US bank account) to receive payments from clients.

1. Share your Global Payment Service bank details (found in your Payoneer account) with your clients.
2. Clients can transfer money to these virtual accounts in their local currency.
3. Once the payment is processed, it will reflect in your Payoneer account.

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Step 4: Withdraw Funds to Your Bank Account in Pakistan

Once you’ve received funds, withdrawing them to your local Pakistani bank account is simple:

1. Log in to your Payoneer account.
2. Click Withdraw and select To Bank Account.
3. Choose your Pakistani bank account from the list.
4. Enter the amount you want to withdraw and confirm.
5. The funds will arrive in your bank account within 1-3 business days.

Payoneer supports most Pakistani banks, including HBL, Meezan Bank, UBL, and Bank Alfalah.

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Step 5: Use Payoneer MasterCard (Optional)

If you prefer instant access to your funds, you can order a Payoneer MasterCard:

1. Go to the Payoneer dashboard and click Order Card.
2. Enter your shipping address in Pakistan.
3. Once you receive the card (usually in 2-4 weeks), activate it through your Payoneer account.

You can use this card to withdraw cash from ATMs or make online and in-store purchases.

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Fees and Currency Exchange Rates

• Withdrawal Fee: Around 2% of the transaction amount.
• Currency Conversion Fee: Payoneer charges around 2-3% above the market exchange rate.
• ATM Withdrawal Fee: A small fee applies when withdrawing with the Payoneer MasterCard.

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Tips for Using Payoneer in Pakistan Effectively

1. Plan Withdrawals: Withdraw larger amounts to minimize fees.
2. Use Local Banks: Make sure your Pakistani bank account supports foreign remittances.
3. Verify Your Account Promptly: Delays in verification can affect your ability to receive payments.
4. Monitor Exchange Rates: Transfer funds when the exchange rate is favorable.

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Conclusion

Using Payoneer as a payment gateway in Pakistan offers freelancers and businesses a reliable way to receive international payments. From linking Payoneer with freelance platforms to requesting direct payments from clients, the process is straightforward. With competitive fees, seamless bank transfers, and the optional MasterCard, Payoneer is a powerful tool to manage your online earnings in Pakistan.

Whether you’re a freelancer, online seller, or small business owner, Payoneer simplifies cross-border payments, allowing you to focus on growing your business without worrying about payment hassles.