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My First Withdrawal from Payoneer this is the exhchange Rate I got
\
SCB
Local Currency amount= Rs.25000
Amount= $265 (Including Fees)
so roughly i got 94.33 per $
your SCB exchange rate is 95.47
($265 - $3.15 = $261.85)
25000 / 261.85 = 95.47
You are withdrawing 261.85 not 265
How come the transaction fees be $3.15, i thought it was $2.15 ( Rs200)
feels like Payoneer is expensive as compared to wire transfers, with all the fees etc
Very simple. Login to payoneer, from account information menu, choose view transactions. Double click your any 2-3 months old withdrawl transaction and you will see phrase ---> (Including fees of $3.15) <----
Hello Guys Today I had A Cash Withdrawal.
Mai Normally MCB use kerta hun and it works fine for me But today I went for Standard Chartered (Near Bait ul Mukkaram Masjid, Gulshan e Iqbal, Karachi) coz mujhay 30K withdraw kerne thay and MCB ki one time withdrawal limit 20K hai.
So here you go. I withdraw rs 30,000/- from SCB, and $318.06 were deducted from my card.
I personally feel that SCB has good rates as compared to MCB. Can anyone calculate k mujhay SCB ne kya rate dia hai? As far I know $3.15 is the transaction fee and how much SCB charge on per withdrawal.
Let me know Thanks.
Hassam From Karachi.
SCB rate of exchange was 95.27
Calculation is very simple.
$318.06
- $3.15
$314.91
Divide 30,000 with 314.91 and you will get 95.27
30,000 / 314.91 = 95.27
Hope it help you.
Yes Dear I got that. But I wonder SCB don't deduct any charges for withdrawal. While MCB has a fees of Rs 200.
Guys also you note calculated Master Card fees When a transaction is made as a foreign transaction or is requested in a currency other than USD, charges of up to 3% may be assessed by MasterCard for the transaction.
MCB Bank
Local Currency Amount: 20000 PKR
Amount: $214.65 (Including fees)
Date: 6/23/2013
SCB BANK
LC = 30000
$= 316.27 ( Including Fees)
MCB Bank
Local Currency Amount: 20000 PKR
Amount: $214.65 (Including fees)
Date: 6/24/2013
oh i cant Withdraw from any ATM
please help me
what is the problem?
Payoneer Card is not accepted here on MCB/ Faysal Bank and other banks ATM's
Almost 6 months ago i used MCB and Faysal bank but now they give geenral processing error/ dont accept Payoneer Card
Only ATM which is accepting Payoneer card STANDARD CHARTERED (International ATM)
Some ATM support international cards even with STD CHARTERED bank, few ATM's rejected my card
Maybe Payoneer Card is becoming useless in Pakistan Day by day
i tried to withdraw but failed and when i check my balance it says No Information. Tried on MCB bank , btw
STANDARD CHARTERED
ATM Withdrawal International
Local Currency Amount:25000.0000 PKR
Amount to charge: $266.59 (Including Fees)
Admin What Is Name Of Am In Algeria Plz I want To Withdrow My Money :P
Want US Payment From Payoneer And earn $25 Here Click :
http://share.payoneer-affiliates.com/a/clk/52JcRh
I used one Faysal bank branch to withdraw money and it worked fine first time. Next time that ATM did not withdraw and declined my request. Then i went to another Faysal Bank branch and it withdraw one time and then declined the 2nd time i went to withdraw on that ATM.
Why Mastercard website is not showing Standard Chartered Bank in the list.? please give answer
http://www.mastercard.us/cardholder-services/atm-locator.html
Please Help Im Totally Newbie, I hve Fund 141 Dollar Approved last nite then i go to near MCB Bank And Insert My Card And Pin Number ATM said that Your Pin is Incorrect Then I tried Again They Said Again Then I Tried Again They Open I Enter Amount In Pakistani Currency 13,000 Rs Its Failed Then I Tried Again With 12000 Its Failed Again, I came Back to My Home Open payoneer Check Pin .. My Pin is Ok, Then i saw my card Balance 137 dollar before i go to ATM its Show 141$ What Happend ? I also Check My Transaction there is a Green Check Amount 147$ Please Tell me What Happend
Due to insufficient fund or any other reason, if ATM machine decline withdraw, $1 will be deducted from your balance. Transaction list at payoneer update every 6 hours. If you check your transactions again, you will surely see "Fee-ATM Withd Intl Decline" history.
Suggest me Good ATM in Karachi Please .
Standard Chartered Bank and Samba Bank.
Em So Happy i Got My Money Via Standard Charter ATM Karachi ,, Thankyou all for Your Support
Thanks for sharing with us. It's very helpful for me
does Standard Chartered banks in all cities of Pakistan accept payoneer card?
or it has any problem in withdrawing?
Many Mcb Atms not works with payoneer,
Butt All Standard Charted Banks atm support payoneer card..
Have you tried other banks like faysal bank, citibank etc
2 Questions please,
1> What is the process of withdrawal of Rs. 20,000+ from SCB? You incert payoneer debit card, input pin, then select what out of "Quick cash", "Current account", "Saving Account" and "Other payment" options.
2> How I can verify my pin after I login to my Payoneer account? (I don't want to change it, I just want to know what is my pin)
Thanks
1. insert card, type your pin code, choose Current Account OR checking account, select 20000 from screen. If it is not visible or available, click on other amount and type 20000 manually, take your card, take your money and enjoy...
2. To verify your pin, type it after inserting card into atm machine, if accepted then it is correct otherwise wrong. If you forget your pin, contact support for help. Trying any card with several wrong pin code will block card.
Standard Charted Bank ( Aisha Manzil Karachi )
Withdrawn total 100k Rs
Local Currency 30,000 Rs
Amount = $311.49
Local Currency 10,000Rs
Amount = $105.83
Made Total 4 transactions, 3 of 30k each and one of 10k.
Thank you Payoneer.
Can any one tell me what was the actual currency conversion rate?
Btw I can't find what are the transaction charges on my payoneer account.
Hi, This is the general calculator for Standard Chartred Bank. I have solved your case
I am just unable to upload the excel calculator file
i withdraw amount every week from SCB ATM, (Standard Charted Bank) it is also known as international bank, and it is best atm, their currency conservation rate also very good.
I would suggest you to always use SCB even it's far from your home, but go there and always use it.
sir can i withdraw from atm without paying annual card fees
I have a question for all who used MCB ATM that while withdrawing money from MCB so you must have input the amount in PKR right?
For example i want to withdraw $85 than how much i had to type in ATM for the amount to withdraw in pakistani rupees.Please help i am new to payoneer and i got my card today
Regards,
Ghufran
And my second question is that i have heard that payoneer card holder need to sign the card to make it valid so can you tell me on which part of card i need to sign?
Regards,
Ghufran
1. Find out interbank buying rate of dollar. You can search "pakistan dollar interbank rate" in google and find this rate from forex sites. Today interbank buying rate of $1 is Rs. 101.8
2. Deduct 3% master card exchange charges from it. (101.8 x 3 / 100 = 3.05) ( 101.8 - 3.05 = 98.75). Your rate of exchange for $1 is 98.75
3. Suppose you have $85 in your card, now deduct $3.5 (ATM transaction fee from it) ( $85 - $3.5 = $81.50)
4. You can now withdrawn $81.50 in pakistan rupees from ATM. Multiply this amount with rate of exchange which we calculated above. ( $81.50 x Rs. 98.75 = Rs. 8048 ). You can withdraw 8,000 from any ATM machine which accept master card. Currently you can use SCB, MCB, Samba and Faysal
MCB deduct Rs. 200 per ATM transaction. I have no idea whether this 200 is included in $3.50 ATM transaction OR it will be deduct from your available fund i.e 8048. I always left some balance for safe side. In your example I will withdrawn 7500 instead of 8000. Kindly update us after your first withdrawl
Find phrase "Authorized Signature" on your card and sign below it.
we have to sign Below "Authorized Signature"
but can we sign in Urdu or English? and can we write just the name?
and can we write with any kind and color's pen?
please clear my confusion
Sign with blue ballpoint same sign which you have in your CNIC. If in future ATM machine eat / fetch your card, then respective ATM machine banker will ask you to show your original CNIC for returning your card. BTW you can still use your card without signing on it, it is for your own safety.
Today (28/8/2013) I withdraw 95$ to MCB Bank and I am happy and satisfied with payoneer service.
Thanks to Payoneer
You withdraw 95$ but How much you got in Pak Rupees
Hello Langau,
I got 9000 Pakistan Rupees.
Hi sharjeel,
congrats for the clean withdrawal
I sent 45$ in my card First time.
Can some one explain how much i can withdraw from ATM in rupees.
And what about 29.9$ Card maintenance fees ??
they will deduct the 29.9$ Card maintenance fees
your balance will be $15
My friend told me they will detect 29$ from payoneer card
when i transfer more then 100$ but If they detect now its Not Good for me
your friend is wrong. i added $56 and they deducted $29 from my balance
Yes this is activation fee 29.95$
Okay after paying these 29.95$ for a whole year I just need to pay only 3.15$ per transaction and 3 percent foreign currency exchange fees only ??
For example If i withdraw 100$ how much i will receive in pakistani rupees ??
it also depends on as from which bank's ATM you will withdraw money.
if you withdraw $100 from SCB bank ATM then you may get 9400 to 9600 pak rupees.
and if you withdraw $100 from MCB bank ATM then you may get 9200 to 9400 pak rupees.
Thank you
langauGood info you really help me.
you are most welcome bro :friends:
I withdrew 10$ and i received 500 in pakistani rupees
MCB charge 200 fees on 500.
I have to pay 200 on every 500 rupees ?? Right so costly
no,
MCB charge 200 fees on every withdrawal. it doesn't matter that you withdraw 10$ or $100. MCB charges 200 for every time when you withdraw any amount of money.
ok. Now i transfer 35$ more to payoneer card still checking there system After that
If i found Good then i will withdraw more then 100$ each time i think then payoneer and MCB will charge lowest charges.
also getting error general processing error i tried all banks mcb,faysal bank,hbl, and scb this was not my first withdraw before that i successfully cashed out from faysal bank and no no bank is processing withdraw???
you tried to withdraw in which city?
Today i withdraw $34.80
I received 3,000 in pakistani currency.
And very happy with Payoneer card.
Thanks to Payoneer for transaction
langu dear i am in rawalpindi please name me the best atm at which i can cashout in rawalpindi like nasir bhai withdraw from scb i tried it in commercial but it didnot worked also tried hbl and faysal abnk in satellite town
Hello Friends,
I am form karachi & I like to know the Atm Withdrawal Process so that I avoid any mistake.
What are the charges of ATM Withdrawal, Bank Charges & how i determine the rate. I have to drawn $300. Which bank is best for such transactions.
Go to Standard chartered bank, insert your payoneer card, type your pin no, click on CHECKING or CURRENT account, withdraw 29000. ( $300-$3.15=$296) Today interbank pak dollar rate is Rs. 104 therefore 296 x 100 = Rs. 29,500)
I have previously posted detail procedure for finding rate for withdrawn on page 15 of this thread. You can also check it
http://community.payoneer.com/index.php?/topic/2800-atm-withdrawal-in-pakistan/page-15
I also get general processing error in some branches of SCB. If you get error try another branch. I have tried 4 SCB branches in Karachi and successful in withdrawing from one of them. Therefore now I am using that branch for my all withdrawl. You can also try Samba Bank, which is giving good rate of exchange. Presently Payoneer master card is supported by SCB, MCB, Faysal Bank and Samba Bank. If anyone tried another bank kindly update all of us.
and finally i was able to cashout from mcb bank it was 500 rupees i was trying to cashout 1000 but it gave insufficient balance error so i tried 500 and it deducted 11$ all out of 14.39 now my balance is 3.39$ do i need to have at least 400 in my account also while i cashout out the desired amount?? do all pakistani banks do the same i think all supported master cards can cashout your money but you should leave at least 4$ surplus in your account thats it
Congrats! on your payout.
All ATM machine allow withdrawl of amount which is dividable by 500. Suppose after all calculation, your available pak rupees balance is 950, then you can withdrawn 500. You can use your remaining Rs. 450 at petrol pump or super store for upto 450 purchasing.
Your card balance was $14.39. Now subtract $3.5 atm transaction fee then you have $10.89. You use MCB, which also deduct 200 which approx equal to $2 therefore deduct this $2 from $10.89 and finally you have $8.89. Present master card exchange rate is $1 = Rs. 100, Multiply this with $8.89 and available fund is Rs. 889. As already mentioned you can withdrawn amount which should be divided by 500. That was reason ATM show message for insufficient balance.
so brother you mean if i have 15$ in my account i can withdraw 10$ means 1000 pk rupees from bank other than mcb as it charges 2$ extra fee so what i was trying to clear does pakistani atms want that some money should be left in card even 10 cents and card balance should not get to zero after withdraw with calculated fees
ATM dont want to left balance, all atm machine have notes of 500,1000 (some have 5000 also). There is no 100 or 50 notes in ATM machine, It simply mean that you can withdraw any amount which should be dividable by 500. If you have local account in any local pakistani bank and your bank balance is Rs. 9450 than you can withdrawn 9000 only, ATM machine will not handle 450 and simply show you message that amount should be dividable by 500.
Its better you use your card in any Standard Chartered Bank ATM Near by you, they don't deduct any kind of charges.
@ babloo89
You can withdraw any amount higher then 500, and maximum limit for 24hr duration is 30000 PKR.
Hope this Help.
- Bank Name MCB
- Date of withdrawal 09/17/2013
- Amount 29.79
Instant ... no problem with withdrawl thank you payoneer
Anyone made a withdrawal recently from SC bank ATM in Karachi. Kindly tell me the location of the ATM.
Thanks
49.15$ @ 4500 PKR MCB
Thanks Payoneer
congrats,
and you withdraw from which bank and which area it is located?
You Can Withdraw Upto 30K PKR from any Standard Chartered Bank ATM. i always use SCBL ATM, my last withdraw was about 2 days ago from SCBL Model Town Branch Lahore.
I withdraw MCB Shadbagh Branch Lahore
I withdrew 132$ From MCB
and I received 13,000 PKR
Thanks to payoneer
I must say payoneer working like a charm
Best Regards
Date very smooth and silky transaction,
39000 = $392.19
3 withdrawals of 10000 = $100.48
1 withdrawal of 9000 = 90.75
I am looking forward to withdraw money from my Payoneer Card.
Currently i have 65$ in payoneer pakistan tell me guyz how much i recieved from MCB and what amount i must put in PKR i have 7110 PKR 7 thousand 1 one hundred and Some PKR letme know guyz
Please tell me, if i use my payoneer card on POS machine for shopping in pakistan then what charges would be applicable or deducted from my payoneer balance. if i charge my card Rs 10,000 at any store then what would be the deducted charges. please explain here.
Using payoneer cards on POS machines are free of charges. I used my card at various petrol pump without any charges.
Thanks nasir... can you tell me what maximum limit is alllowed on payoneer per transation. if i use my card to purchase airline ticket online then what is the max limit is allowed to me per transaction by payoneer.
Today i withdraw
67.78$ From MCB
And i received 6500 PKR
I have only use upto Rs. 1000 for pos transaction but found from forum search that Card daily limit is $2500. http://community.payoneer.com/index.php?/topic/4400-withdrawal-limits/
It is better to confirm it from Payoneer support
Payoneer allows up to $2,500.00 in daily cash withdrawals. Your local bank/ATM may have their own limits, however, so I suggest confirming with them as well.
Today I withdrew 30000 Rupees from Standard Chartered Bank I.I Chundigarh Road Branch ( Main Branch ).
congrats, and how many dollars it deducted from your account?
Well on each 10000 Withdrawal it deducted like 101.40$ from my account, But its not right, Because 10000 Rupees is like 93$ then 3.15$ payoneer ATM withdrawal fee and then 200 = 1.85$ Rupees Standard Chartered Bank ATM fee, So that's like 98$, But deduction on each transaction is 101.40$, So I haven't got any clue that why is that, But it might get auto fixed, Because Once I went to a restaurant and the bill was suppose to be 21.61$ But when I checked in my account I saw that the deduction was 24.67$, Or it might not get fixed, But I haven't got any clue that why there was another 3.40$ deduction.
Payoneer deducts 3% from each transaction in non-USD currencies. Look at comments to your 'Prices and fees'.
SCB has started charging Extra RS 200 per transaction, So i was looking to find some other bank to avoid it, MCB was charging RS 200 from few months. I found Samba Bank, it worked very well without any extra charges.
Just though it may help someone. i have visited their 2 atm's, both worked well. though atm does not allow to enter more than 20000 per transaction. this restriction is there in almost every Pakistani atm. some allow 25000
RS 20000 = $194.89 , withdrawn from Samba bank atm in lahore few days ago.
Thanks for letting me know mate, Cheers !
just looking to load my card with the amazon gift cards i have
will update the transecton soon 
withdrawn 9000 Pakistani rupees total deduction was 91.01$. Thanks payoneer soon gonna buy a smart phone after withdrawing another 6000 pakistani rupees...LONG LIVE PAYONEER ! :rock:
MCB Bank Rawalpindi 91.01$...9000 pk rupees
I will try Samba Bank, Thanks for the heads up mate.
I used to withdraw 30,000 per transaction from Standard chartered atm, Gujranwala but today it charged me 200rps for atm access charges and atm withdrawal limit was 20,000.
Can anyone else confirm that withdrawal limit is changed to 20,000 for all standard chartered atms? If yes then what's is next best option for payoneer withdrawals?
I tried samba bank atm, it said link is down then i went to MCB, after i entered amount(20,000) pressing continue did nothing.
But its not very cost effective is it? I mean it means an average exchange rate of 98.8/usd when the mid market rate is somwhere around Pkr 107.