How to withdraw money from Payoneer – Complete Guide [Updated August 2016]

Note: This is a complete guide on how to withdraw money from Payoneer. Payoneer NOW has added Bank Withdrawal method enabling freelancers in Pakistan to withdraw funds. This Payoneer Guide is updated as on August 2016 with added information regarding ATM support, charges and bank withdrawal methods.

Please get in touch with me at and let me know once you have subscribed. I will then further guide you with the steps to help you in earning FIRST $100 and $25 BONUS!

Payoneer is a New York, USA based international payment gateway that enables freelancers and entrepreneurs residing in any part of the world to withdraw their earnings through Mastercard supported ATMs and bank transfers.

Once you order your Payoneer card from this link, you will get a FREE $25 referral reward when you receive a payment of $100 in your payoneer account. Click the picture below to join now:

Join payoneer for a referral rewardPayoneer provides you with a prepaid MasterCard debit card. You can use it with any MasterCard supported ATM throughout the world. You also have an option to add a US bank for receiving payments from any US or EU company.

If you are a freelancer, you would have a great idea about the importance of withdrawing funds to your local account. At times, due to local holidays, funds also get delayed.

However, one of the easiest, and the most viable options is using the Payoneer MasterCard Debit Card. Whether or not there are local or international holidays, you can always get paid and withdraw from any ATM in your local currency:

(3% currency conversion charges apply if withdrawing to any other currency other than the US Dollar.)

I traveled to Dubai in September, 2015 and since I work online, my payments are all transferred to my local PKR account connected in my home country, Pakistan.

However, while abroad, it was not possible for me to withdraw funds from my local account. Hence, I received funds from Payoneer and withdrew in AED from Abu Dhabi and Dubai using the Prepaid Debit Card. It worked like a charm and solved all of my payment problems.

Where freelancers residing in Europe can use Paypal, direct bank withdrawals, and other methods, freelancers from Asian countries have limited options.

Websites like Fiverr only support Paypal and Payoneer, and hence there is nothing else but to use only these 2 options to withdraw funds from.

When I started working online through Fiverr, I noticed that it was very hard to withdraw funds! So, the only option left was to apply for a payoneer card since Paypal isn’t supported in Pakistan. But the pain didn’t end there.

I ordered the fast express withdrawal. This was not the free method, but provided guaranteed delivery of card within 3 business days via using DHL. I was provided with a tracking number but also charged with $60, which would be deducted once the card received and funds were loaded to my account from Fiverr.

Most of the time, you will receive your card using Normal Mail Delivery. Only opt for DHL Express Mail if you have applied already and did not receive your card!


That was a big pain! Total of $65 were deducted, inclusive of $5 Payoneer card charges. So, now that you have the card, you can further find out how to withdraw money from payoneer using the steps mentioned below:

Step 1: Activate Your Card:

Once you order your card, may need to wait as long as even 30 days to have it at your doorsteps. So be patient. This is because it takes time for regular mail from the US to receive at your postal address. Although 30 days is a generic threshold, you may get the card even within 7 days.

Here is how the document looks like when you order your new Payoneer ATM card:

How to withdraw money from Payoneer

In the above document (where I have omitted my postal address), you will get your Payoneer card along with simple instructions on how to activate it online.

You need to order the card after signing up using this link. Once signed up, login to your Payoneer account once you receive the card. You need to activate your card. Enter your card number and PIN number, and let the funds load to your Payoneer card. Payoneer will deducted the following charges from your account:

  • The $5 card activation charges
  • $60 (if you ordered fast-express mail service).

Step 2: Loading Funds to Your Card:

A number of online platforms such as,, and all support Payoneer Mastercard. All websites have different charges. If you are withdrawing funds from Fiverr, you have two options:

  1. Wait for 2 days and let the funds load with a fee of $1
  2. Immediate load within 2 hours with a fee of $5

Payoneer deducts fees each time you load funds to your card. However, if you are withdrawing from Elance, here is the list of charges:

  1. Wait for 2 days with a fee of $0
  2. Immediate load at $2.5 per load.

Usually withdrawing funds to your payoneer account is a simple process and if you need the funds within 2 hours, then a $5 charge is certainly not a big deal.

Step 3: How to withdraw money from Payoneer using ATM? POS terminal, online transactions:

Here comes the trickiest part of withdrawing funds from Payoneer card in Pakistan. So far, only the banks below support Payoneer ATM debit card. Using your card on any other bank’s ATM apart from the ones mentioned below is purely at your own risk. Your card may be seized and you may never get the funds. Only 4 banks support Payoneer MasterCard:

  1. Standard Chartered

  2. MCB (Muslim Commercial Bank)

  3. Bank Alfalah (The conventional, red-branded ATM machines)

Each ATM has its own transaction charges. Please note that these charges are apart from what Payoneer charges you for withdrawals.

Because ATM provides services to foreign cardholders in Pakistan, they charges these service fees. Since Payoneer is a foreign card, all ATMS will charge service fees each time you withdraw funds. Here is the list of service charges for each withdrawal:

  1. Standard Chartered charges PKR 300

  2. MCB charges PKR 200

  3. Bank Alfalah charges FREE

Bank Alfalah Red for Payoneer

Bank Alfalah’s Red branches would only work with Payoneer card, not the green ones.

So far, the ONLY bank in Pakistan operating right now that does not charge anything over and above the Payoneer’s own charges is Bank Alfalah. Apart from that, Payoneer charges $3.15 per withdrawal. Moreover, there is a 3% currency conversion charges for each withdrawal.

You can also withdraw no more than 20,000 PKR at any one time. This is the maximum withdrawing limit from ATM.

The total cost of withdrawing funds come up to be in the range of 600 to 1000 PKR for withdrawals. If you wanted to withdraw 20,000 PKR from SCB, it will cost you:

300 PKR + 315 PKR (approx) + 2% currency conversion charges (2PKR * 200) = 1015 PKR.

MCB saves you 100 PKR if you use their ATM. I would strongly recommend not to use MCB at all as it has the worst ever services!

My inlaws reside in Samundri, a small quite town close to Faisalabad, a metro city of Pakistan. The only ATM option I had was MCB to receive my funds. I withdrew 11,500 PKR but the money never dispensed out of the ATM. This happened on 2nd December 2014, and exactly one month after launching a complain, I got the funds back to Payoneer.

I would not recommend MCB due to its pathetic and poor banking services and network. I would recommend Bank Alfalah or Standard Chartered Bank for all your ATM withdrawals.

You can also use your payoneer card at POS sales terminals. Payoneer will charge you 3% in currency conversions in any part of the world if you purchase in any other currency than the US Dollar.

You can also use it online to pay for memberships on Freelancer, Odesk, Elance, etc. and at other websites such as Amazon, Ebay, Paypal, Bluehost, Hostgator, etc.

Please note that there are pros and cons of using Payoneer card. To get a payoneer card, sign up using this referral link, and you will receive with $25 referral bonus with $100 payments to your card.

What are your thoughts?

Withdrawal options are important to withdraw funds in your local currency. Hence, I would love to know your comments below. Let me know how practical this guide was in getting a Payoneer Master card. By know, I am confident that most of you will be knowledgable on how to withdraw money from payoneer.

Yasir Saeed

A tech enthusiast, blogger and all things tech geek, I am Yasir Saeed from Pakistan, somewhere in my mid 20's. I write how-to-guides and other tech topics for you on my personal blog at

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  • Osama Khalique

    Yasir bhai i have recently activated my card but the problem is payoneer card requires to add funds in to it first to withdraw funds. i cannot add funds to my card using card to card service or local bank service so what should i do how do i add funds to my card to enable it for local bank transfers and card to card service. Please help me im so confused with it.

    • Yasir Saeed

      You need to fund your card using either a credit card OR through freelancer, fiverr, upwork etc.

  • Well, There is an update regarding Withdrawl. I don’t know why MCB lowered transaction limit to 10000PKR (Maximum) when you use payoneer. I withdrawn money on 01-04-2015 after loading $150 into the card but all MCB ATM’s given error of Transaction limit when I tried to withdraw more than 10K pkr. I am waiting if someone done a transaction of more than 10 thousand through SCB, or any other ?

    • M.Amir


      Yes I’ve recently withdraw 15000 pkr from SCB’s ATM & at the same Day I did another transaction of 10000 pkr from MCB’s ATM . And I think they have changed the Daily withdrawal to 10000 pkr…


    • Asad shah

      you r absolutely right …! According to u, Payoneer account provided only one time withdrawal facility and when u will check next time, u can’t withdraw money from your bank account.

    • asad Irfan

      Hi Nadia,
      I have $ 153 in my Payoneer account and want to withdraw it. How much amount should I enter on ATM machine if the limit is 10,000 as you people are saying ? Kindly guide me as I don’t have used these procedures before.

    • Yasir Saeed

      Hi Nadia. Yes you are right. Use Bank Alfalah’s red branded ATM machines. I have updated my article on how to use it.20,000 PKR works fine on SCB and Bank Alfalah

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  • Zainab Zaheer

    Salam, Yasir. This is a great post thanks.
    I still have to make my first transaction and was wondering what would you suggest I do in order to get the best service and have as less amount cut as possible. How much should I load in my Payoneer card? How much should I withdraw in one transaction (max, min) and from which bank? I believe I already have some inclination toward SCB after reading your article but I’d still like a word from you on it before I go and withdraw money.
    The funds I’ll be loading are from Fiverr earnings.


    • Yasir Saeed

      Hello Zainab. Sorry i could not respond since the last 4 months. You can load as much as you want around $2000 a day. You can ONLY withdraw 20,000 PKR in one transaction. Use Bank Alfalah red branded atm machines. I have updated my article with more information on how to get it done. I have been using Fiverr. Once you have over $20 in Fiverr, you can load them directly to your payoneer card. Let me know if i can be of any help to you

    • dani minhas

      zainab zaheer i need your help on payoneer would you like to help me ?

  • talha92

    Salam, what are other options beside this?

    • Yasir Saeed

      Direct bank withdrawal, Skrill and Paypal

  • Atif Ali

    Hi Good Day, Well i am very tense about my card shipping that where is my card shipped my card arrival date was 02-sep-2015 to 09-sep-2015 but today its 01-oct-2015 and i did not receive my card yet now i receive email to active the card but i don’t have card and i have to receive some money from upwork kindly solve my problem


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    • Yasir Saeed

      Hello Atif

      You may need to order your payoneer card using the DHl fast express option although it would charge you $60. However you would be able to receive it. NEVER order it unless you wait around a month. Email customer support services through payoneer and let them know the issue. I am sure they would help you as they helped me

      • Muhammad Zubair

        Hello Yasir

        Nice work, keep it up. regarding Atif’s issue, I faced it too and I contacted Payoneer live chat. Although I had to wait for 20 minutes in queue, they listened my problem well and solved it. Payoneer customer support is good.

        • Yasir Saeed

          Yes Zubair. You are right. Their customer support services are very good. Glad to know you got the problem solved 🙂

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  • Talha Sheikh

    Hi Yasir…

    I need you help.I have my Payoneer account and first time i had gone to withdraw my money through Bank Al-Falah but unfortunately my money never dispensed out of the ATM.Please see the attached Screen shot of Payoneer Transaction history and advise me What can i do now.How can i resolve this issue.

    Waiting for your response

    • Yasir Saeed

      Hello Talha Sheikh. This has happened with me too 2 times and both of the times i have my funds reversed to my account within 48 hours. If they dont, let payoneer know about it and they will help you in opening up a dispute process

  • bari khatri

    my payoneer card is active but when i give card number in any website so it’s rejected plzzz help me ….

    • Yasir Saeed

      send me compelte details

  • mohammad amir

    YASIR BHAI us ya ue companies ko pay request kesy bhejty hain…?is k bary ma bta den?

    • Yasir Saeed

      sure. you can do that easily through payoneer.

  • Sasha Tania

    Payoneer no longer works with PayPal as they have been banned as of recent. I have been working with Auction Essistance and they also said they have had a few customers who experience the issue of adding their Payoneer bank to their PayPal.

    • Yasir Saeed

      Yes you are right. PayPal and Payoneer no longer work

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  • Hasiy Shah

    Hi Yasir Bro! Honestly that was awesome you had done such a great job to help your compatriots by sharing this important information. I am working on fiverr and freelancer for about 5 months I’ve worked hard and made 1400$ in total. I was curious about how do I withdraw my funds when I’m in Pakistan.
    after reading your article I feel like I can do it easily. I’m very thankful for this kindness. However, I’ve 1 question. if I want to withdraw 1000$ than how much times I can use Payoneer card in ATM’s within 24hours?
    I can only withdraw 20,000PKR each time in 24 hours?
    will be waiting for your answer. Thanks

    • Yasir Saeed

      Sorry for a late response. You can withdraw around 5 times

    • Muzaffar Hussain

      The best possible method to withdraw huge payments like 1000$ use your local bank account and withdraw payments directly to your bank account instead of withdrawing from ATM.

    • Yasir Saeed

      Let me know if you have still managed to solve your problem or stuck with it. I have updated this article with more information. Regards

  • Rameez Jawaid

    Assalam-o-Alaikum Yasir !
    I have read your article. I was very helpful.
    Before reading this article, I only know that Payoneer card is acceptable to all ATM machines which accept MasterCard. Today I tried to withdraw 10000 from Standard Chartered Bank ATM, but it give me “General Processing Error”. Now I am going to use Bank Alfalah. Can you provide me step by step instructions of using ATM machine for Payoneer Card ? I have used ATM for local debit cards. Is the process is same for Payoneer card ? What account type should I choose from credit, current, saving or default ? Please guide me through step by step instructions !

    • Yasir Saeed

      My dear, ATM machines work the same way for ANY card and ANY branch. The error could be due to the banks networking

  • Fawad ul Asad Qureshi

    Thanks for such detailed information

    • Yasir Saeed

      as long as it was helpful 🙂 you are welcome

  • noman

    hello yasir.
    I had read your complete article, no doubt you define all the things very well.. but when I try to sign up on pioneer website via fiver, the Pakistan has not under their country list. While I can see the country code in contact mobile details fields.
    Would you please help me to sort out this problem.
    thank you.

    • Yasir Saeed

      please send me a screenshot or any other method to figure out the issue

  • Sanam – Lahore

    this article was updated in 2015 last time, so I want to ask that bank alfalah still not charging or what?

    • Yasir Saeed

      Bank Alfalah ONLY RED COLORED branches as these are non islamic and conventional.

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  • awais

    main kam az kam kitni payment withdraw karwa sakta hun ?

  • Saam


    I would like to know about SCB. They have this limit of $100 (10,000) per transaction. I cannot withdraw more than this amount per transaction. Please guide me accordingly how can I withdraw more than this amount in one go.



  • nomi

    Now,Bank ALFalah also take 250 per transaction.Can any one tell me about any banck which have free transaction?