Last Updated: January 14, 2026
TL;DR (Quick Summary)
This guide covers everything you need to know about payoneer fees pakistan complete breakdown. Includes practical steps and tips for Pakistani freelancers.
Payoneer Fees in Pakistan: A Complete Breakdown for Freelancers
Payment Methods Comparison for Pakistani Freelancers
| Method | Withdrawal Fee | Transfer Time | PKR Support | Rating |
|---|---|---|---|---|
| Payoneer | 1% | 1-2 days | Yes | Best Overall |
| Wise | 0.5-1% | 1-3 days | Limited | Best Rates |
| Bank Wire | $25-50 | 3-5 days | Yes | Large Amounts |
| Western Union | $10-20 | Minutes | Cash | Urgent Only |
As a Freelancer in Pakistan, navigating international payments can often feel like a daunting task. With PayPal not being an option for us, many have turned to alternatives like Payoneer. While Payoneer is a fantastic tool for receiving payments from clients around the world, understanding its fee structure is crucial to maximize your earnings. In this article, we’ll provide a comprehensive breakdown of Payoneer fees, specifically tailored for Pakistani freelancers.
Why Choose Payoneer?
For many Pakistani freelancers, Payoneer is a gateway to international clients. Not only does it facilitate cross-border payments, but it also provides access to global marketplaces. Here are some reasons why Payoneer is a popular choice:
- Support for multiple currencies
- Direct bank transfers to Pakistani banks
- Integration with various freelancing platforms like Upwork and Fiverr
- Competitive fees compared to traditional banking methods
Understanding Payoneer Fees
Before diving into the specifics, it’s important to note that Payoneer’s fee structure can vary based on the type of transaction you are making. Below, we’ll break down the different types of fees associated with Payoneer transactions that Pakistani freelancers should be aware of.
1. Receiving Fees
When you receive payments from clients or marketplaces, Payoneer charges a fee. Here’s how it typically works:
- Receiving Payments from Clients: Generally, there is a 3% fee for receiving payments directly from clients using credit cards.
- Marketplaces: If you receive payments from platforms like Upwork or Fiverr, the fee can range from 1% to 3%, depending on the platform's policies.
2. Currency Conversion Fees
As a Pakistani freelancer, you will often deal with multiple currencies. Payoneer charges a currency conversion fee of 2% above the mid-market rate when you convert your earnings to PKR or any other currency. Keep this in mind when planning your finances, as it can impact your overall earnings.
3. Withdrawal Fees
When transferring your funds from Payoneer to your local bank account, there are additional fees:
- Bank Transfer: Payoneer charges a flat fee of $1.50 for transferring funds to your Pakistani bank account.
- ATM Withdrawals: If you use your Payoneer card to withdraw cash from an ATM, expect to pay around $3.15 per withdrawal, plus any local ATM fees.
4. Annual Account Maintenance Fee
Payoneer also has an annual account maintenance fee of $29.95. However, this fee is waived if you receive $1,000 or more in payments during the year. For active freelancers, this should not be a concern.
Choosing the Right Payment Method
Now that we’ve discussed the fees, it’s essential to select the right payment method to minimize costs:
- Direct Bank Transfer: This is often the most cost-effective option, especially for large payments. It incurs a lower fee compared to other methods.
- Using the Payoneer Prepaid MasterCard: This can be useful for making purchases directly, although ATM withdrawal fees can add up.
Practical Steps to Get Started with Payoneer
If you’re ready to start using Payoneer, follow these steps:
- Sign Up: Visit Payoneer and create your account. Make sure to provide accurate information to avoid delays.
- Link Your Bank Account: Connect your local bank account (HBL, MCB, UBL, Meezan Bank, or Allied Bank) to facilitate easy withdrawals.
- Receive Payments: Share your Payoneer account details with your clients or platforms like Upwork to start receiving payments.
- Manage Your Funds: Regularly check your Payoneer account to monitor fees and ensure you’re making the most of your earnings.
As an added benefit, if you sign up for Payoneer and receive your first $1000, you’ll earn a $25 bonus. This is a great incentive to start using the service!
Tax Implications for Pakistani Freelancers
Understanding the tax implications of your earnings is vital. In Pakistan, freelancers benefit from favorable tax treatment if they register with the Federal Board of Revenue (FBR). This can simplify your tax obligations significantly. Here are some steps to consider:
- FBR Registration: Ensure you register with the FBR to take advantage of lower tax rates.
- PSEB Registration: Registering with the Pakistan Software Export Board (PSEB) can further enhance your credibility and support.
Conclusion
Payoneer has become an essential tool for Pakistani freelancers looking to receive payments from international clients. Understanding the fee structure can help you maximize your income and manage your finances effectively. Remember that while the fees may seem daunting, the benefits of using Payoneer far outweigh the costs, especially in the context of our local banking landscape.
To get started, sign up for Payoneer and start receiving international payments today! Don’t miss out on the $25 bonus when you receive your first $1000.
Key Takeaways:
- Payoneer is a reliable alternative to PayPal for Pakistani freelancers.
- Understanding the fee structure is crucial for maximizing earnings.
- Utilize local banks and mobile wallets to streamline your payment process.
- Consider tax registration to benefit from favorable rates.
Frequently Asked Questions
Does Payoneer work in Pakistan?
Yes, Payoneer works perfectly in Pakistan. You can receive payments from Fiverr, Upwork, and other platforms to Payoneer and transfer to your Pakistani bank.
How do I transfer from Payoneer to Pakistani bank?
Log into Payoneer, select Withdraw > To Bank Account, choose your Pakistani bank, enter amount. Funds arrive in 2-5 business days.
What are Payoneer fees?
Payoneer charges about 2% for withdrawal to Pakistani banks. ATM withdrawal costs $3.15. Currency conversion has a 2% fee.