Why Payoneer does not Allow Withdraw funds in USD to usd in Pakistani local bank account

WpfreelancerWpfreelancer Posts: 27Member ✭✭
After Left Skrill due to their Euro currency Conversion because they set rule that every Currency other than Euro are first convert to Euro for withdraw and then send out to local Bank .. Now Searching other possible options to withdraw usd funds to local Pakistani bank accounts . Now i am trying to Payoneer .

But After Reading Payoneer forum discussions and their reviews + Google search Found 3 main issues .

1. Mostly People Claims that there funds are not received on local bank account ...!
2. Why Payoneer does not Allow to receive usd amount in local bank account as a usd currency . When i added Local Bank account and After Selecting Country ==> Pakistan .. Currency drop down Automatically set to [ pkr currency ]
3. Like Every Freelancer wants to spent as low fee to get their maximum earning in local account ..Would you Guys Guide me How much fee payoneer charge on 1000usd withdraw and Along with what are exactly its currency conversion rate + Beneficiary Sending bank charges ??

In Short what are approx amount we'll receive in pkr .. Like today usd to Pkr Conversion Open market rate are 106.50

What are Exact mid market rate payoneer applies on his currency conversion >>


There are any option to receive usd amount in Pakistan as a usd currency account from payoneer ??

Looking forward to you friends .. Now you would guide me Either i'll use Payoneer to with draw funds in Pakistan or not ??? I hope i'll get my answers soon from those who spent time on payoneer or wants to share their Experienced with Newbies pay-nee . Thank You


Regards
Farhan Qureshi

Best Answer

Answers

  • payoneerhowpayoneerhow Posts: 13Member ✭✭
    Thanks for sharing such post with evidence....
    How To Payoneer Guides - Payoneer $25 Bonus :D
  • ahsan_ahsan_ Posts: 4Member
    you need to open a dollar account in order to receive amount in dollar to your local bank
  • WpfreelancerWpfreelancer Posts: 27Member ✭✭
    @Adam_Payoneer : Thank you for your Guidelines and Brilliant answers . I'll Contact with Payoneer and It Seems Like they Restrict Bank accounts for Local currency according Country wise .


    @ahsan_ I Already Have Account in dollar But Am not able to link it here !

    Let me Know if anyone from Pakistan would Able to withdraw/Received funds in usd Account instead of Pkr Account

    Thank you
  • WpfreelancerWpfreelancer Posts: 27Member ✭✭
    I tried test withdraw of 200 usd and After 1-2 hours , I Got confirmation message from Payoneer where they mentioned the exchange rate .


    Exchange Rate 1 USD = 102.9637 PKR

    Amount Transferred to Bank Account 20592.74 PKR

    The amount above is approximate. The exact amount will be calculated according to the official mid-market rate at the time of transfer.
  • WpfreelancerWpfreelancer Posts: 27Member ✭✭
    <<<<<<<< Surprised To Share my First Experienced with Payoneer >>>>>>>>>


    Yesterday Am withdraw 200 usd for testing Payoneer Service and They Confirmed me that [ Your Withdrawal Request Has Been Received] Email After 1-2 hour of Request.

    Today Morning When i checked my Bank Account Balance Am really surprised and Shocked with payoneer Great Service that my Withdraw Amount has been credited 20592.74 PKR to my local bank Account (y)


    Because After doing research on payoneer forum am worried that Most of the People Complains about Payoneer Withdraw services and Found that its been past 15-30 days and they did not get their withdraw funds

    It Seems Like i am lucky or a Happy customer that got their first withdraw amount with in 24 hours of withdraw / Sent Payment .


    ********** Am Really Appreciate the Payoneer Very Very Fast & Great Service & Give High Five (y) to Payoneer Great Service *********

    @saartifex_studio : Did you Check & Confirm your Bank Account details first LIKE IBAN / swift code

    Regards
    Farhan
    WpFreelancer
  • saartifex_studiosaartifex_studio Posts: 14Member ✭✭
    @Wpfreelancer I had received several payouts on same accounts since Jan 2015 not new to payoneer.
  • WpfreelancerWpfreelancer Posts: 27Member ✭✭

    Okay Cool to know about it . How much maximum amount you withdrawn with payoneer in Past and what was the current amount that did not received since 22 march ?

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