In Pakistan and want to get your funds withdrawn from Fiverr in the best way possible with the best rates you can get for the worthy effort you have put in your Gigs? Well, you just landed on the right guide you need for today to withdraw your Funds from Fiverr in Pakistan.
I originally wrote this blog post in 2016, since then, there has been a lot of progress and I have updated this article with all the latest development making it an ultimate 2020 guide on withdrawing your Funds from Fiverr in Pakistan.
To keep things simple, I’m going to demonstrate 3 possible ways you can withdraw your funds from Fiverr if you have $100 in your account.
Let’s get started.
Available payment methods on Fiverr
If you go to your Fiverr account -> Earnings tab, you will see that Fiverr offers 3 payment methods;
- Bank Transfer
- Fiverr Revenue Card
Since PayPal is not available in Pakistan, we can slash off this option.
Both, Bank Transfer and Fiverr Revenue Card are powered by Payoneer.
Payoneer is a financial services company that provides online money transfer and digital payments.
To withdraw your funds from Fiverr in Pakistan, you will have to sign up on Payoneer.
You can use my referral
link to sign up if you are enjoying this guide. I will make a commission of $25 when you have withdrawn more than $100 from Fiverr to your Payoneer account. And, you will get a $25 sign up bonus as well.
Two ways to sign up on Payoneer
Signing up on Payoneer is pretty simple. You can go to Payoneer.com and start the signup process.
Or, you can go to your Fiverr account -> Earnings and click on “Fiverr Revenue Card” to start the signup process.
Note: You will receive a different type of debit card depending on what sign up method you choose;
- Payoneer Revenue Card if you choose to sign up directly via Payoneer.com
- Fiverr Revenue Card (which is powered by Payoneer) if you choose to sign up via Fiverr
Both of these cards have different fee structures and different pros and cons which I will be explaining in a bit.
Once you have completed the signup process, you will get a virtual bank account, in my case, it is “Community Federal Savings Bank” and your International Debit Card powered by Master Card will be on its way to you.
The whole sign up process is free and it takes up to 25-40 standard shipping days to receive your card.
Payoneer Revenue Card
You will receive Payoneer Revenue Card if you have signed up on Payoneer by directly going to the website or used my Payoneer signup link.
Your Payoneer Revenue Card will look something like this.
Payoneer will deduct a one-time $30 activation charges once you “load” your funds from Fiverr to your Payoneer account for the first time.
And a $30 yearly fee that you need to pay for uninterrupted use of your Payoneer account.
You will receive a $25 bonus if you use my link to sign up. So technically speaking, you will be only paying $5 as one-time activation charges to Payoneer.
Fiverr Revenue Card
You will receive Fiverr Revenue Card if you have signed up on Payoneer from Fiverr’s Earning tab.
Your Fiverr Revenue Card will look something like this.
Payoneer will deduct a one-time $5 activation charges once you “load” your funds from Fiverr to your Payoneer account for the first time.
And a $30 yearly fee that you need to pay to keep using your Payoneer account.
The only downside of going with the Fiverr Revenue Card is that you cannot use it to send or receive funds to other Payoneer cardholders.
Here’s a quick comparison of
Payoneer Debit Card v/s Fiverr Revenue Card
|One-time Fee||Year charges|
|Payoneer Debit Card||$30||$30||Send/receive funds|
|Fiverr Revenue Card||$5||$30||Cannot send/receive funds|
Regardless of which card you go with, you can use your Payoneer/Fiverr card to withdraw your funds from all major freelancing platforms like Fiverr, Upwork, and PeoplePerHour.
Or use it to withdraw your funds from marketplaces like ThemeForest and iStock.
You can also use your Payoneer/Fiverr card to do online shopping or pay locally on any POS machine.
Note: Only Bank Alfalah POS machines accept Payoneer/Fiverr card payment.
Congratulations, you have successfully signed up on Payoneer and have received your debit card. Now let’s see how you can withdraw your available balance on Fiverr in Pakistan.
I will be demonstrating 3 different methods to withdraw funds from the Payoneer account;
- Bank account
- JazzCash account
But, before you can withdraw your funds, you will have to transfer your Fiverr funds to your Payoneer account.
Transfer funds from Fiverr to Payoneer account
To keep things simple and to understand Payoneer related fees, I will be transferring $100 from my Fiverr account to my Payoneer account.
To transfer funds, I can either click on “Fiverr Revenue Card” or “Bank Transfer” from the Earnings tab on Fiverr.
Both of these buttons would simply transfer my available Fiverr funds to my Payoneer account.
Once you hit confirm, you will receive a prompt to select a “load” option.
Option 1 would be a $1 deduction from your available funds to transfer your funds from Fiverr to Payoneer with 3-5 business days’ time.
Option 2 would be a $3 deduction from your available funds to transfer your funds from Fiverr to Payoneer account in a matter of hours, or almost instantly in my case.
Fiverr will initiate the withdrawal process once you have selected an option and it will set your selected option as default. Your “load” option will not change unless you change it by going to your Payoneer account -> Activity -> Funding Sources.
I have set the Option 2 as my default “load” option.
You can start seeing your available withdrawal balance in on your Payoneer USD card once the funds from Fiverr have been “loaded” to your Payoneer account after a $3 deduction in Payoneer fees
Payoneer will deduct either a $30 or a $5 fee (depending on what sort of revenue card you have) if this is the first time you have loaded my Payoneer account.
In a nutshell, your available balance will look like this:
|Payoneer loading charges||-$3|
|Payoneer one-time activate charges||-$30|
Finally the fun part, now you can withdraw my USD balance in your Payoneer account by either going to an ATM, send it to your bank account or transfer it to your JazzCash account.
Each of these methods has different fees involved and different pros and cons which we will be talking in a bit.
Withdrawing Payoneer funds via ATM
You can go to your nearest ATM, insert your Payoneer debit card, enter the amount in PKR, and receive cash instantly.
Which bank ATMs you can use to withdraw funds from Payoneer?
There are only a handful of ATMs that accept Payoneer debit card;
- Standard Chartered Bank (SCB)
- Bank Alfalah
- Muslim Commercial Bank (MCB)
What is the ATM fee for withdrawing funds from Payoneer in Pakistan?
As far as I know, SCB deducts $6 for each transaction while Bank Alfalah and Muslim Commercial Bank deducts $3 on each transaction
How much money will I receive from ATM for my Payoneer balance?
If you are using the latest Payoneer mobile app, you can go to Cards -> Select your active card with balance -> How much would I get at an ATM? It will give you an estimated amount in your local currency after applying the latest open-market exchange rate excluding the ATM fee.
I will only use this withdrawal method if I instantly want cash in my hand.
Otherwise, there are high fees involved, you will have to travel to an ATM, there is a risk of theft involved. You can only cash out funds in the sums of Rs. 20,000/- at one time. Although you can make as many cashouts as you want to, each transaction will involve an ATM processing fee.
This method is straight-up not convenient but works well in a desperate time of need for instant cash.
Withdrawing Payoneer funds to Bank account
This is my favorite method of withdrawing funds from Payoneer as it is convenient and straight forward.
To withdraw my balance from Payoneer to my bank account. I will have to navigate to my Payoneer account -> Withdraw -> To Bank Account.
You will have to link your bank account to use this method. To link your bank account to your Payoneer account, you will have to go to Payoneer account -> Settings -> Bank Accounts -> Click on “Add New Bank Account” -> Enter your bank credentials and your Bank account will be linked to your Payoneer account after verification. You can add multiple bank accounts.
Once your bank account is verified by the Payoneer. You can go to Withdraw -> To Bank Account -> Select balance -> Enter Amount -> Select bank and click on review.
It will give you an estimated amount you will receive in your bank account which includes the Payoneer conversion fee. It is pretty much “you get what you see”.
You will receive the same amount you see in the transaction review unless there is a drop/spike in USD -> PKR exchange rate.
The only downside with bank transfer is that there is a limit on the minimum amount you can withdraw, which is $100.
Once you have reviewed the transfer details, you can hit confirm and Payoneer will initiate the transfer process.
In most cases, the transfer will be done within a matter of hours or in 3-5 business days in some cases.
Which bank is the best to transfer funds from Payoneer in Pakistan?
I have used Habib Bank Limited (HBL), Mezaan Bank and Standard Chartered Bank (SCB) to withdraw my Payoneer funds to my bank account and by far SCB is hands down the best one.
Withdraw funds from Payoneer to JazzCash
This method is relatively new. It is ideal for small transactions with a very low fee and instant transfer.
To withdraw your Payoneer funds to JazzCash Mobile Account. You will have to sign up on JazzCash first.
Once you have set up your JazzCash account, you can click on Payoneer within your JazzCash account, then sign in with your Payoneer credentials and voila it’s done.
You can simply log in to the JazzCash account and withdraw your Payoneer funds directly to your JazzCash account with few clicks.
JazzCash provides instant transfer with an unmatched transfer rate. The only downside is that JazzCash has a monthly limit to it.
JazzCash deducts a 2% transaction fee against each transaction which I believe is pretty negligible as it provides a great exchange rate.
General FAQs of withdrawing funds from Fiverr in Pakistan
Does my income from Fiverr, withdrawn via Payoneer to my bank account or JazzCash come under foreign remittance?
Yes, your income from Fiverr, withdrawn via Payoneer to your bank account or JazzCash account comes under foreign remittance. You can request PRC (Proceeding Realization Certificate) for each transaction from your bank or JazzCash support which acknowledges that your payment is foreign remittance.
Can I link my Payoneer account to multiple Fiverr accounts?
No, you cannot link your Payoneer account to multiple Fiverr accounts. Or multiple accounts on any platform as it might result in a complete ban from that platform.
What else I can do with my Payoneer card?
You can do online shopping on Amazon, eBay, Etsy, Aliexpress. You can buy digital products like domain and hosting from Namecheap. You can use it only platform or service for example Netflix or iCloud subscription. You can also use it to pay bills via POS machines, for example, paying for your takeaways at McDonald’s.
Can I use my Payoneer debit card outside of Pakistan?
Yes, you can use your Payoneer card on any ATM or POS machine in the world that supports international payment processing. Technically speaking, you can carry USD in your Payoneer account and pay via Payoneer debit card in your shopping spree in Dubai.
The final verdict on withdrawing funds from Fiverr in Pakistan
I use and recommend Payoneer Revenue Card instead of Fiverr Revenue Card as it sustains the option of sending and receiving funds to other Payoneer account holders without any fee.
I use and recommend the Bank Transfer method as it is the most secure one, you can withdraw up to $10,000 in each transaction and there’s no monthly limit.
For small and instant transactions, I will go with the JazzCash withdrawal method.
And as a last resort, I can withdraw my Payoneer funds from ATM when I urgently need to have cash.
If you liked this guide and would like to sign up on Payoneer using my referral link. You can do so
Disclaimer: I will receive a $25 affiliate commission once you deposit $100 in your Payoneer account. Not a single cent from your pocket. As a bonus, you will also receive a $25 bonus from Payoneer.
You can comment below if you have any specific questions.