Learn how to withdraw money from Fiverr to Payoneer in Pakistan with this comprehensive 2024 guide. Follow easy steps to set up your Payoneer account, link it to Fiverr, and transfer your earnings hassle-free.

Contents In The Article

How to Withdraw Money from Fiverr to Payoneer in Pakistan (2024)

Key Takeaways:

💼 Payoneer is a popular and reliable option for Pakistani freelancers to withdraw Fiverr earnings.
💳 Setting up a Payoneer account in Pakistan requires proper documentation for verification.
🔗 Link your Payoneer account to Fiverr for seamless withdrawals with minimal fees.
🏦 Transfer funds from Payoneer to your local bank or use the Payoneer prepaid card for ATM withdrawals.
💸 Keep an eye on exchange rates and fees to avoid losing money during transfers.

Introduction

Freelancing in Pakistan has grown significantly, with platforms like Fiverr becoming the go-to marketplace for skilled professionals. Whether you’re a graphic designer, writer, or developer, earning through Fiverr allows you to work from anywhere and receive international payments. However, withdrawing your earnings can be a hassle if you don’t choose the right method. One of the most reliable and popular ways to withdraw Fiverr earnings is via Payoneer.

Payoneer offers flexibility, lower fees, and ease of use for Pakistani freelancers, making it a top choice for handling payments from international clients. In this article, we’ll walk you through the updated steps in 2024 to withdraw your Fiverr funds to Payoneer and transfer them to your local bank or use Payoneer’s prepaid card. Let’s dive in!

1. Why Use Payoneer for Fiverr Withdrawals?

For freelancers in Pakistan, Payoneer is a favored choice due to its simplicity, lower fees, and availability across a wide network of banks. Here’s why:

Benefits of Payoneer in Pakistan:

Low Transaction Fees: Payoneer charges lower withdrawal fees compared to other international payment methods. With freelancers often looking to maximize their earnings, Payoneer’s competitive rates are a clear advantage.
Fast Transfers: Once your Fiverr earnings are in your Payoneer account, transferring the money to your Pakistani bank usually takes 1-3 business days, depending on your bank.
Currency Conversion: Payoneer automatically converts USD into Pakistani Rupees (PKR) during transfers. You’ll be able to withdraw money in PKR directly into your bank account or through an ATM.
Widely Accepted: Most major banks in Pakistan, including Habib Bank Limited (HBL), Meezan Bank, and Standard Chartered, accept Payoneer transfers, making it easier to access your funds.

Personal Tip: Always check Payoneer’s fees and exchange rates before initiating a withdrawal to ensure you’re getting the best deal on currency conversion.

2. Setting Up Your Payoneer Account

To start withdrawing from Fiverr to Payoneer, you need a Payoneer account. Here’s a step-by-step guide to getting started:

Step-by-Step Guide to Create a Payoneer Account:

Visit the Payoneer website and click on the “Sign Up” button.
Select the “Freelancer” option, as you’re linking your account to Fiverr.
Fill out your personal details, including name, email address, date of birth, and phone number.
Input your Pakistani national ID card number, passport, or driving license for verification.
Provide your bank account details. Make sure the account is in your name, as Payoneer will verify this during the process.
Once you complete the registration, Payoneer will send a verification email to confirm your account.

Important Verification Documents:

National ID Card: Ensure the details match the information provided during registration.
Proof of Address: You might be asked to submit a utility bill or bank statement.
Bank Statement: If you encounter verification issues, a bank statement showing recent transactions can resolve most problems.

Personal Tip: Use your official name and avoid nicknames or abbreviations when filling out forms to prevent verification delays.

3. Linking Payoneer to Fiverr

Once your Payoneer account is verified, you need to link it to Fiverr for seamless withdrawals.

How to Connect Your Payoneer Account to Fiverr:

Login to Fiverr and go to the “Earnings” section.
Click on “Withdraw” and select Payoneer as your payment method.
Fiverr will prompt you to either create a new Payoneer account or link an existing account. Choose to link your newly created Payoneer account.
You’ll be redirected to the Payoneer website, where you’ll need to log in and authorize the connection.
Fiverr will send a confirmation email once the process is completed, and you can now withdraw your funds to Payoneer.

Fiverr Verification Process:

Fiverr may require additional verification for security purposes. This could include:

Phone number verification
ID verification

Personal Tip: Keep an eye on your Fiverr notifications and email for any additional steps required to avoid delays in setting up the connection.

4. Withdrawing Funds from Fiverr to Payoneer

Now that your accounts are linked, let’s look at how to withdraw your Fiverr earnings to Payoneer.

Step-by-Step Guide for Withdrawals:

Go to the “Earnings” section of your Fiverr account.
Click on “Withdraw” and select Payoneer.
Fiverr will display the available balance for withdrawal. Confirm the amount you wish to withdraw and click “Withdraw Funds”.
You’ll receive a confirmation email from Fiverr, and the funds will be transferred to your Payoneer account.
Typically, the funds will appear in your Payoneer account within 24-48 hours.

Minimum Withdrawal Limits and Processing Times:

Minimum Withdrawal: The minimum amount you can withdraw from Fiverr is $30.
Processing Time: While Fiverr processes payments quickly, it may take up to 2 business days for funds to reach Payoneer.

Personal Tip: If you’re planning a large withdrawal, consider splitting it into smaller amounts to avoid potential delays due to transaction limits.

5. Payoneer to Local Bank Transfer in Pakistan

Once your Fiverr funds are in your Payoneer account, you can transfer them to your local Pakistani bank.

How to Transfer Funds to Your Bank Account:

Log in to your Payoneer account.
Go to the “Withdraw” section and choose “To Bank Account”.
Enter the amount you want to withdraw in PKR.
Select your bank account from the list. If you haven’t added it yet, you’ll need to provide your account details.
Confirm the transaction, and Payoneer will initiate the transfer.

Supported Banks in Pakistan:

Most major banks in Pakistan support Payoneer withdrawals, including:

Habib Bank Limited (HBL)
Meezan Bank
United Bank Limited (UBL)
Bank Alfalah

Fees Associated with the Transfer:

Payoneer charges a small transaction fee, and the currency conversion will be applied based on Payoneer’s exchange rates.

Personal Tip: Double-check your bank’s processing times, as they may vary, especially during holidays or weekends.

6. Payoneer Prepaid Card

Another option for withdrawing funds is the Payoneer prepaid card, which allows you to access your money from ATMs across Pakistan.

What is the Payoneer Prepaid Card?

The Payoneer prepaid card is a MasterCard that is linked to your Payoneer account. It allows you to:

Withdraw cash directly from ATMs in PKR.
Use it for online shopping and in-store purchases, just like any debit or credit card.

Benefits of Using the Payoneer Card:

Instant Access: No need to wait for bank transfers; access your funds immediately.
ATM Withdrawals: Withdraw funds from most ATMs across Pakistan, including HBL, UBL, and Standard Chartered ATMs.
Global Access: If you’re traveling, the card can be used internationally as well.

Personal Tip: Be aware of ATM withdrawal fees and ensure the ATM you’re using supports Payoneer to avoid additional charges.

7. Payoneer Fees and Exchange Rates

Understanding Payoneer’s fee structure is essential to maximize your earnings.

Breakdown of Payoneer Fees:

Fiverr to Payoneer: Fiverr charges $3 per withdrawal.
Payoneer to Bank: A fee of up to 2% of the transaction amount applies when transferring to a local bank.
Payoneer Prepaid Card: ATM withdrawals may incur a flat fee, plus any additional currency conversion fees.

Currency Conversion in 2024:

Payoneer applies its own exchange rate for converting USD to PKR. In 2024, the exchange rate fluctuates based on market conditions, and it’s essential to monitor these rates before withdrawing.

Personal Tip: Use Payoneer’s exchange rate calculator to get an estimate of how much you’ll receive in PKR before withdrawing your funds.

8. Common Issues and Troubleshooting

Even with a streamlined process, you might face some common issues when withdrawing funds.

Common Problems and Solutions:

Delayed Transactions: If your withdrawal takes longer than 2 business days, check both Fiverr and Payoneer notifications for potential issues.
Account Verification Issues: Ensure your Payoneer account is fully verified to avoid delays. Uploading proper documentation early can prevent this.
Failed Transactions: If a transaction fails, Payoneer’s customer support is responsive and can help resolve issues quickly.

Personal Tip: Always keep track of emails from both Fiverr and Payoneer, as they often contain important updates regarding your transactions.

Conclusion

Withdrawing money from Fiverr to Payoneer in Pakistan is a straightforward process when you follow the steps outlined above. Whether you’re transferring to a local bank or using the Payoneer prepaid card, Payoneer offers a reliable and cost-effective solution for managing your freelancing earnings. Remember to stay updated on fees and exchange rates, and make sure your accounts are verified to avoid any delays.

Start maximizing your Fiverr earnings today by using Payoneer, and enjoy a hassle-free withdrawal process that fits seamlessly into your freelancing journey!

FAQs about Withdraw Money from Fiverr to Payoneer

How long does it take to withdraw from Fiverr to Payoneer in Pakistan?

It usually takes between 24 to 48 hours for funds to transfer from Fiverr to Payoneer.

Can I withdraw Payoneer funds directly to my Pakistani bank?

Yes, Payoneer supports transfers to most major Pakistani banks like HBL, UBL, and Meezan Bank.

What is the minimum withdrawal amount from Fiverr to Payoneer?

The minimum withdrawal amount from Fiverr is $30.

How much does Payoneer charge for withdrawals in Pakistan?

Payoneer charges up to 2% for bank transfers and $3 per withdrawal from Fiverr.

Is the Payoneer prepaid card available in Pakistan?

Yes, the Payoneer prepaid card can be used at most ATMs and for online purchases in Pakistan.

How to Withdraw Money from Fiverr to Payoneer in Pakistan 2024