How to apply for payoneer account in Pakistan

How to create payoneer account in Pakistan

create payoneer account in Pakistan

 

Today's world depends on online payments to function, and because many banks either don't offer foreign services or charge exorbitant costs for them, services like Payoneer have become crucial.

Creating an account with Payoneer, an online payment option, will, if accepted, result in the creation of a virtual bank account. The customer would be able to receive transactions into the Payoneer account if they have a Payoneer history. Although there are several factors at play, the arrival of foreign payment providers on the Pakistani market is crucial. These days, it's easy to find Payoneer and other companies of a similar nature.

Essential Conditions

You must first meet the requirements in order to be eligible to utilise the Payoneer payment system before moving forward with account setup.

 

Some basic information you must need to know before apply to make a payoneer account in Pakistan.

To participate, you needed to be at least 18 years old.

Having a CNIC that has been validated would be beneficial.

Having a local bank account is required.

You need to have a functioning mobile number.

Additionally, you must have an active email account.

You may use your father's, mother's, and brother's information if you are under the age of 18.

requires a bank account.

In order to open a Payoneer account, the requirements listed below must be met.

 

Procedure to make  a Payoneer account in pakistan:

 

• To register, go to the official Payoneer website.

• To verify your identification, provide your personal information, such as your name, ID card number, address, and the licence or passport number.

• Any IBAN from a bank. I have an account with HBL. At https://www.hbliremit.com/IBAN/default.aspx, you can create IBAN online.

• The company will send you an acceptance notification after you submit your application, at which point you can begin doing online transactions.

 

Mastercard is another option provided by Payoneer. Within the 210-country network of Mastercard, the Mastercard would be accepted at ATMs, online stores, and physical places. The cost of a Payoneer card in Pakistan is $30, or roughly 5k PKR.

 

If your account balance is greater than $30, you are qualified for the Mastercard.

 To get the card, follow the steps below.

 Choose "Payoneer cards" from the menu in your Payoneer account settings.

When you have earned $30, if you are qualified, an option to Order Now will show up.

Then complete all of the required fields.

You should receive your card in about 30 days.

 Payoneer payments can be transferred to a bank account.

You can withdraw money to your nearest bank in two simple steps.

 Select Withdraw > To Bank Account.

• Decide which currency you want to convert to. Enter and then confirm the bank account information.

• Check your bank account frequently to see if the money has been received.

 

 Pakistani banks that have supported Payoneer

Here is a list of Pakistani banks where you can conduct transactions with your Payoneer MasterCard. Please keep in mind that using any of these banks' ATMs does not require you to open an account with them.

Remember that the Tax Bank will charge a service fee when you withdraw money, so you should only do so if you have a significant quantity of cash.

You will receive $1.00 off the total amount just for checking your account balance at an ATM.

 

• Faisal Bank
• Citti bank
• Standard chartered bank
• JazzCash
• MCB Bank

Sending and receiving payments process

You can send money using Payoneer in three 

different ways: Payoneer to Payoneer, Payoneer to 

a local account, and Payoneer to e-wallet.Payoneer 

offers two options for payment withdrawal. By bank 

transfer or, as a backup, by ATM.

 

   You can withdraw direct payments by simply

   logging into your account.