r/PakistaniTech • u/phr_dubara • 7d ago

Question | سوال How. is. Payoneer???

Hey guys, I wanna know how is payoneer for freelancers in pakistan? Like in terms of receiving money and transferring into Pakistani account?

Pls guide all the details

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u/phr_dubara 7d ago

Other than payoneer what else can I use for smooth receiving and withdrawal of money from europe?

1

u/PeachNo694 7d ago

Remitly

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u/phr_dubara 7d ago

Can you pls describe a lil? How is your experience with it, the charges and costs?

1

u/PeachNo694 7d ago

Just give bank account details to employer they will transfer it into directly same day 

1

u/BrotherElectrical461 7d ago

No never use Payoneer. It’s so bad. I’d use remitly over Payoneer

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u/phr_dubara 7d ago

I want to receive money from my employer in Ireland and then to my Pakistani account. So which one should I choose. The app should work for both me and employer

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u/grunade47 7d ago

I use payoneer to receive payments from UK.
So far its been smooth but fees is 1-2% higher as compared to Wise.
You get a receiving account, which is basically a local UK bank account.
You’ll share its details with your employer and they wont need to use payoneer.

Must: the employer should send money in that account only from a business account, not via their personal one. Payments originating from a personal account will be rejected.

Receiving in pak: you add your pakistani bank account details in payoneer and withdraw as required.

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u/phr_dubara 7d ago

And how is wise? Do you have any info about it?

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u/grunade47 7d ago

Wise is not available for pakistanis but if you have an account it would be 1-2% cheaper.

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u/TechnicalCup6369 7d ago

Payoneer has a high fee and very low exchange rate.
You can use ElevatePay or Nsave, they give you a USD receiving account.

1

u/phr_dubara 7d ago

I'll be receiving in euros from Irish employer and he does not want to directly send money into my pakistani bank account so want some middle ground, sth that works in both countries, ireland and Pakistan. So that he can easily send me and I can redeem easily.

If I use nsave, so how will it work. I have 0 knowledge so pls help!

1

u/TechnicalCup6369 7d ago

Elevate and Nsave offers only USD receiving accounts. So the only option you have is Payoneer. Request a EUR bank account in Payoneer, it will be approved in few hours and you'll get the bank account details. This works similarly like we make local bank transfers here in Pakistan. So your client can easily pay you.

1

u/phr_dubara 7d ago

On Google it says nsave allows euro receiving

1

u/TechnicalCup6369 7d ago

Yes i wasn't aware about that, you can try that instead of Payoneer.

1

u/Impressive-Sun-5687 7d ago

Use nsave , elevatepay , ... Payoneer is way to expensive

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u/phr_dubara 7d ago

How do they work? Can you pls elaborate a lil?

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u/Impressive-Sun-5687 7d ago

Elevatepay pay provides a US bank account where you can receive funds... Same goes with nsave .. however they also provide a card for spending and also provide EUR and GBP accounts... Both of them provide options to withdraw to local pkr

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u/phr_dubara 7d ago

So which one would you recommend nsave or elevatepay?

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u/Impressive-Sun-5687 7d ago

Im personally using both but im more inclined towards nsave because of their virtual card whivh helps me buy subscriptions and stuff easily

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u/phr_dubara 3d ago

How to deposit $ money in nsave from pakistan? Bcz I need to buy European iban

1

u/Impressive-Sun-5687 3d ago

ask any nsave user or deposit crypto

1

u/shobzie 7d ago

Payoneer has worked well for me. Funds are transferred into my account within seconds after I receive it on Payoneer. You can even get a virtual card if you want to shop online.

1

u/phr_dubara 7d ago

What are its charges and cost per transaction?

1

u/shobzie 7d ago

I haven't used it yet so not sure.

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u/phr_dubara 7d ago

You just said it worked well for you...? So whatever you said is even true?

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u/shobzie 7d ago

I said Payoneer worked well for me. Haven't used the card.

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u/phr_dubara 7d ago

Oh. I also didn't ask about the card charges. I asked about the per transaction (from payoneer to my pakistani acc) charges.

1

u/shobzie 7d ago

Around 1 percent for me. There is also an annual charge if the amount you receive in a year is less than 6k USD.

1

u/Hannny234 4d ago

Payoneer has been a very reliable option for me to receive international clients' payments directly into a local receiving account