Pakistan FAQs | Payoneer

Payoneer’s fundamental objective is to make business payments from your overseas clients as easy and convenient as possible in the most compliant manner. Below are the core products and services that Payoneer offers?

Request Payment Link: This allowed you to get paid by overseasclients via credit card, client’s local bank transfer or e-check. This serviceis ideal if you have direct clients overseas. IT professionals/companies, smallexporters use this service regularly as it is ideal for them
Local Receiving Account: This allows you to create local accounts in 9+ currencies to receive payments from overseas clients. This includes USD, GBP, EUR among other currencies. For eg. if you have a client in US, all you have to do is share USD Local Receiving Account details with them and they will transfer it like a local transfer.
Marketplaces:
a. Freelance: This includes marketplaces like Fiverr, Upwork, People per hour etc. where we are available as a payment method. You can create an account directly or from these platforms as well. This option is for regular freelancers who receive funds regularly.
b. Sellers: This includes marketplaces like Amazon, eBay, Etsy and Alibaba. You can use our payment method on these marketplaces. For Amazon, you can attach a Local Receiving Account (see no.2)
Payoneer to Payoneer Payments: This allows you to transfer funds from one Payoneer Account to another Payoneer Account. These payments must be business payments in nature. This means that the payment must be against a delivery of business service or product. Payments to friends and family for personal purposes is not allowed. Any selling of currency does not constitute as business.
Payoneer to outside network Payments: This allows Payoneer users to pay their contractors, suppliers and freelancers outside of Payoneer network directly into their local and international bank accounts. You can also make batch payments to your suppliers, contractors and freelancers (payments in one go).
Amazon Ad expenditure: Payoneer allows you to pay for your Amazon ad expenditure from your Payoneer balance.
Payoneer Commercial Card: Payoneer Commercial Card can be used by active AHs who regularly receive payment in their Payoneer account. Minimum balance to be eligible is $100 th¬at has to be received as a business payment in your Payoneer Account.

An individual account is recommended when you do not operate as an agency, team or company. You are operating as an individual. The core difference lies in the verification required and the products that can be utilized. For individual account you will need the following:
i. Personal ID like NIC, driving license, Passport etc.
ii. Authentic online presence of your business that can be verified from an active website, marketplace link from Fiverr or Upwork or marketplace where you are freelancing. If you are a seller then, link to your active online store. Please abstain from sharing dummy profiles as these will not be accepted.
iii. Bank Account details matching the exact name as your Payoneer Account and identity documents. Please do not attach friends and family’s bank accounts to your account or a bank account in a name different from that on your Payoneer Account or any of your personal identity documents like NIC, driver’s license and passport.
iv. Address that is present on your bank document and can be verified later as such. If addresses are different, please get it rectified on your bank documents by visiting your bank before attaching it with Payoneer
For Company account, you will be able to additionally use Wire transfer service along with other services. You should create a company account if you have an incorporated entity in Pakistan with SECP. Companies incorporated as Sole Proprietors are not eligible for a Company Account. Companies that are eligible are as follows:
i. SMC Pvt Ltd.
ii. Pvt Ltd.
iii. Partnerships (Association of Persons)
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Documents required for Company Account are as follows:
i. SECP incorporation certificate
ii. Bank Account details – Company Account Title, Payoneer Company Account Title and Company name on SECP certificate must match
iii. Official active website link that clearly outlines the services or products of the company
Core differences between Company Account and Individual Account
i. Limits: Company account have no daily or per transaction limits on volumes. For monthly payments above USD 10,000, it is recommended to create a Company Account. For individual accounts, transaction limits per day and per month are set at USD 10,000. It may increase on a rolling basis for active users who satisfy pre-requisites.
ii. Verification requirement: Verification requirements as outlined above are different for company and individual accounts
iii. Services: Individual Account do not have access to Wire Transfer while for active and regular Company Accounts, the service can be extended