How to Open and Start a Payoneer Account in Pakistan

Payoneer is a popular digital payment platform that allows people and businesses to accept payments from overseas customers and marketplaces. If you’re a freelancer, entrepreneur, or business owner in Pakistan, opening a Payoneer account will help you extend your global reach and receive payments more efficiently. In this article, I will try to guide you through the steps of opening and activating an account in Pakistan.

Sign Up

Go to Payoneer website and click the “Sign Up” option in the upper right corner.

Enter your email address, password and business information (your name, address and phone number).

Verify Your Email

Payoneer will send a verification email to the email address which you entered.

Open your email and click the verification link to activate your account.

Provide identification Documents

To comply with anti-money laundering and know-your-customer rules, Payoneer asks Pakistani users to provide identification documents.

Upload a clearly scanned copy or photo of:

  1. Your valid CNIC (Computerised National Identity Card).
  2. Your valid Passport.
  3. A utility bill or bank statement as evidence of address.

Add Banking Detail

To receive payments, you must link a bank account to your Payoneer account.

Enter your bank account information, including:

  1. Bank name and address.
  2. Account type (checking or savings).
  3. IBAN (International Bank Account Number).
  4. Account number.

Make sure your bank account allows for overseas transactions.

Security Question and Answer

Security question and answer will help you in safeguarding your account from unauthorised access.

Verify Account

When Payoneer will assess your application, it will verify your account within two to three business days. After authenticated, you can begin receiving payments.

Receive Payments

Share your Payoneer account information with clients and marketplaces to accept payments.

You may receive funds in USD, EUR, or any other supported currency, which may be converted into PKR (Pakistani Rupee) in your bank account.

Tips and Reminders

To prevent delays in verification, ensure that your information is exact and comprehensive.

Keep your account information up-to-date and safe.

Be aware of the Payoneer fees and exchange rates.

Manage your Payoneer account easily with the smartphone App.

End Note

Opening a Payoneer account in Pakistan is quite a simple process that just needs some basic identification and banking information. By following these steps, you can begin receiving foreign payments in an effective and safe way. If you have any problems or inquiries, Payoneer customer service is available to help you any time.

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