Last Updated: January 14, 2026
Payoneer to MCB Transfer: A Complete Guide for Pakistani Freelancers
Quick Platform Comparison for Pakistan
| Platform | Best For | Commission | Payment Methods | Min. Payout |
|---|---|---|---|---|
| Fiverr | Beginners | 20% | Payoneer, Bank | $10 |
| Upwork | Professionals | 10-20% | Payoneer, Wire | $100 |
| Freelancer | Variety | 10% | Payoneer | $30 |
| PeoplePerHour | UK Clients | 20% | Payoneer | $50 |
As a Freelancer in Pakistan, managing your international payments can often feel daunting. With PayPal being unavailable in the country, many freelancers are left searching for alternatives to receive and transfer their hard-earned money. This is where Payoneer comes into play, providing a reliable solution for receiving international payments. In this article, we will explore how to transfer funds from your Payoneer account to your MCB (Muslim Commercial Bank) account, along with practical tips and insights specific to the Pakistani context.
Why Choose Payoneer?
Payoneer has become a popular choice for freelancers in Pakistan for several reasons:
- Global Reach: Payoneer allows you to receive payments from clients worldwide, making it ideal for freelancers working on international projects.
- Multi-Currency Accounts: You can hold and manage multiple currencies, which is advantageous for managing different client payments without incurring excessive conversion fees.
- Ease of Use: The platform is user-friendly, making it easy to navigate for freelancers of all experience levels.
- Low Fees: Compared to traditional banking methods, Payoneer offers competitive fees for transferring funds.
Additionally, by signing up through the link below, you can receive a $25 bonus when you receive your first $1000! This is a great way to get started with Payoneer and maximize your earnings.
Sign up for Payoneer and start receiving international payments today!
Setting Up Your Payoneer Account
Before you can transfer funds, you need to have a Payoneer account set up. Here’s how to do it:
- Visit the Payoneer Website: Go to the Payoneer website and click on "Sign Up."
- Fill Out Your Details: Provide your personal information, including your name, email address, and country of residence (Pakistan).
- Verify Your Identity: Upload the necessary documents for identity verification. This may include your CNIC and proof of address.
- Receive Your Payoneer Card: After approval, you will receive a Payoneer prepaid Mastercard, which can be used for online and in-store purchases.
Connecting Payoneer to Your MCB Account
Once your Payoneer account is active, the next step is to connect it to your MCB account for seamless transfers. Here’s how to do it:
- Log Into Your Payoneer Account: Access your Payoneer dashboard.
- Go to Withdrawal Options: Click on "Withdraw" and select "To Bank Account."
- Add a New Bank Account: Enter your MCB bank details. This includes:
- Bank Name: Muslim Commercial Bank (MCB)
- Account Number: Your MCB account number
- Account Type: Current or Savings
- SWIFT Code: MCBLPKKA (you can verify this with your bank)
- IBAN (if required): Contact your MCB branch for your IBAN.
- Confirm Details: Double-check all entered information for accuracy to avoid any delays.
Transferring Funds from Payoneer to MCB
With your bank account linked, you can now proceed to transfer funds:
- Select the Amount: In your Payoneer dashboard, choose the amount you wish to transfer to your MCB account.
- Initiate the Transfer: Click on "Withdraw" and confirm the transfer details.
- Wait for Processing: Transfers typically take 2-5 business days to reflect in your MCB account, depending on processing times.
Practical Tips for a Smooth Transfer
- Keep Track of Exchange Rates: Monitor the current USD to PKR exchange rate to ensure you’re getting the best deal when transferring funds.
- Check Fees: Payoneer charges fees for currency conversion and withdrawals. Familiarize yourself with these to avoid surprises.
- Maintain FBR Registration: As a freelancer, ensure you are registered with the FBR to avail of favorable tax treatment on your earnings.
- Utilize Mobile Wallets: If you need instant access to your funds, consider linking JazzCash or Easypaisa to your Payoneer account for quicker transactions.
Conclusion: Key Takeaways
Transferring funds from Payoneer to your MCB account is a straightforward process that can significantly enhance your freelancing experience in Pakistan. By leveraging Payoneer, you can bypass the limitations of PayPal and ensure that you receive payments from international clients seamlessly. Remember to keep track of transaction fees and exchange rates for optimal financial management.
For a hassle-free start in managing your international payments, consider signing up for Payoneer today and enjoy a $25 bonus when you receive your first $1000!
Join Payoneer and elevate your freelancing game!
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.