How to Withdraw Payoneer Funds in Pakistan

Payoneer provides two ways to withdraw your money in Pakistan. The first method is to use the prepaid MasterCard provided by Payoneer and the second method is to use the bank transfer option. Let’s discuss a little about these methods in detail

Method #1: Withdraw Using Prepaid MasterCard

Payoneer’s MasterCard is supported by some selected banks in Pakistan. Personally, I’ve been using MCB (Muslim Commercial Bank) ATM to withdraw money from my Payoneer account using the MasterCard provided by Payoneer but there are a few more banks reported by Payoneer users where Payoneer MasterCard is supported. Here is the list:

  • MCB (Muslim Commercial Bank)
  • City Bank
  • Standard Chartered Bank
  • Faysal Bank
  • Samba Bank

At MCB, the charges are Rs. 200 per transaction. In addition to this, you will see a deducted sum of around $3 as withdrawal fee in your Payoneer statements as well. So in total, up to $5 will be deducted as withdrawal and processing charges. So you will have to keep this in mind and always keep a margin of at least $5 between your available balance and your withdrawal amount to ensure that the transaction doesn’t fail. For example, if around $100 US dollars are there on your Payoneer account, then try withdrawing Rs. 9500 (+/- $95).

Method #2: Bank Transfer

Now Payoneer allows you to transfer money from your Payoneer account to your bank account in Pakistan directly and I prefer bank withdrawal over the debit card option. Transfers made on working days (from Monday to Friday) arrive in the account within a few hours and I have been receiving the payment within 4 to 5 hours. On weekend, it may get delayed.

Regarding the withdrawal charges, Payoneer charges a flat fee ranging from $5 – $10 per withdrawal request. Minimum withdrawal amount per transaction is $50 and the upper limit is $10,000. To give you a better idea of the withdrawal fee, I’m sharing some of my transactions along with the amount and date.

Transfer DateTransferred Amount (USD)Received Amount (PKR)Conversion Rate (USD to PKR)
7/21/2017$600Rs. 61,272.54Rs. 102.12
8/16/2017$50Rs. 5,163.62Rs. 103.27
8/18/2017$300Rs. 30,969.96Rs. 103.23
8/30/2017$150Rs. 15,468.81Rs. 103.12
9/7/2017$400Rs. 41,293.28Rs. 103.23
9/20/2017$50Rs. 5,164.11Rs. 103.28
9/29/2017$350Rs. 36,152.20Rs. 103.29
10/12/2017$60Rs. 6,168.12Rs. 102.80
Total$1960Rs. 201652.64Rs. 102.88

In above table, you can see that I received the money at an average conversion rate of around Rs. 103 and that isn’t bad at all. After viewing this information, I have a strong feeling that you will prefer the bank withdrawal option over the debit card withdrawal.

If any questions are arising in your mind regarding the withdrawal methods or if you have some information to share with others, don’t forget to leave a comment below.


A web developer, server administrator and a blogger from Gilgit-Baltistan, Pakistan.

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