Payoneer is an online payment method which lets you receive payments from anyone in the world. This service is very useful for freelancers all across the world as they can get payments easily from anyone.
There was a problem for the freelancers in Pakistan till now. They were not able to withdraw funds to their Pakistani bank accounts. Instead, they had to use the ATMs which cost them a significant fee per transaction. They had to pay this fee at every withdrawal which was not convenient.
But now Payoneer finally allows users to withdraw funds to their Pakistani bank accounts. You can now easily get funds from anyone to your Payoneer account and then transfer it to your local bank account. The minimum amount you can withdraw at the moment is $200. And the Payoneer does not currently support Pakistani currency. Which means that you will get the payments in USD and the bank will deduct 3.5% currency exchange fee.
The method is the general wire transfer and it may take 2-10 days to transfer your funds. So you will have to be patient if you are used to getting the amount instantly from the ATM. The minimum amount you can withdraw at the moment is $200. And the Payoneer does not currently support Pakistani currency. Which means that you will get the payments in USD and the bank will deduct 3.5% currency exchange fee.
Transferring the funds to your account is easy. Just go to the settings of your Payoneer account and add your bank account and start receiving the money in your bank directly.