News Alert’s Post

Payoneer, a popular online money transfer platform, has significantly increased its transaction fees for sending or receiving payments in Pakistan. The new fee structure now charges 3% of the total transaction amount, plus an additional fixed fee of $0.49 for all USD transactions, up from the previous rate of 2%. For transactions in currencies other than USD, the fixed fee varies by currency, such as 0.39 GBP, 0.45 EUR, 0.75 AUD, 0.67 CAD, and 73.76 JPY. This fee adjustment impacts payments made through debit/credit cards, as well as those received via the Request a Payment and Initiate a Payment options. This increase could have a significant impact on local freelancers who depend on Payoneer for their business transactions. #Payoneer #TransactionFees #MoneyTransfer #Freelancers #Pakistan #OnlinePayments

Payoneer, a popular online money transfer platform, has significantly increased its transaction fees for sending or receiving payments in Pakistan. The new fee structure now charges 3% of the total transaction amount, plus an additional fixed fee of $0.49 for all USD transactions, up from the previous rate of 2%. For transactions in currencies other than USD, the fixed fee varies by currency, such as 0.39 GBP, 0.45 EUR, 0.75 AUD, 0.67 CAD, and 73.76 JPY. This fee adjustment impacts payments made through debit/credit cards, as well as those received via the Request a Payment and Initiate a Payment options. This increase could have a significant impact on local freelancers who depend on Payoneer for their business transactions. #Payoneer #TransactionFees #MoneyTransfer #Freelancers #Pakistan #OnlinePayments

Payoneer, a popular online money transfer platform, has significantly increased its transaction fees for sending or receiving payments in Pakistan. The new fee structure now charges 3% of the total transaction amount, plus an additional fixed fee of $0.49 for all USD transactions, up from the previous rate of 2%. For transactions in currencies other than USD, the fixed fee varies by currency, such as 0.39 GBP, 0.45 EUR, 0.75 AUD, 0.67 CAD, and 73.76 JPY. This fee adjustment impacts payments made through debit/credit cards, as well as those received via the Request a Payment and Initiate a Payment options. This increase could have a significant impact on local freelancers who depend on Payoneer for their business transactions. . . . #Payoneer #Freelancers #TransactionFees #DigitalPayments #BusinessFinance #Pakistan #OnlinePayments #FinancialUpdate #FreelanceBusiness #PaymentSolutions #dailydawns

Payoneer has announced a significant hike in its transaction fees for users in Pakistan, which could affect local freelancers relying on the platform. The fee will increase to 3% of the transaction amount, plus an additional $0.49 for USD transactions. Similar fixed fees will apply to other currencies. The changes will take effect on October 20, 2024, impacting payments made through debit/credit cards and Payoneer's "Request a Payment" feature. Payoneer stated that the increase is necessary to maintain service quality amidst market shifts. Existing fees will remain unchanged. #Payoneer #Pakistan #transaction #funds #Increase

Popular online money transfer service Payoneer has raised the cost of sending and receiving money in Pakistan by a considerable amount. The old fee structure charged 2% of the total transaction amount; under the new structure, fees are 3% of the total transaction amount plus an extra set fee of $0.49 for all USD transactions. The set charge varies by currency for transactions made in currencies other than USD, and it is, for example, 0.39 GBP, 0.45 EUR, 0.75 AUD, 0.67 CAD, and 73.76 JPY. This fee modification affects payments received using the Request a Payment and Initiate a Payment options, as well as payments made using debit or credit cards. This increase could have a significant impact on local freelancers who depend on Payoneer for their business transactions.

Freelancers from India, Pakistan, Philippines, Turkey, Canada, and the UK can now withdraw funds from their Guru Cash Account to a Non-U.S. Bank Account. (Freelancers from additional countries will be able to add a non-U.S. bank account over the next several months.) This is an excellent fund withdrawal option for those freelancers who previously used Payoneer or who prefer withdrawing funds to a non-U.S. bank account. Learn how to set up a Non-U.S. Bank Account to withdraw funds: https://shorturl.at/gG79M

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As an entrepreneur or freelancer based in Africa is finding reliable ways to receive payments can be a game-changer for your business. With the right payment platforms, you can easily manage transactions, get paid faster, and focus on what you do best. Here are some trusted platforms to help you receive payments smoothly: 1. PayPal PayPal is a globally recognized platform that allows you to send and receive payments easily. 2. Payoneer Payoneer is a favorite among international freelancers. It enables you to receive payments from clients worldwide. 3. Flutterwave Flutterwave is an African payment gateway that supports international transactions. 4. Paystack Paystack is tailored for African businesses and freelancers. It offers a seamless way to accept online payments from anyone, anywhere in the world. 5. Wise (formerly TransferWise) Wise is known for its low-cost international money transfers. It allows you to receive payments from clients globally with minimal fees and favorable exchange rates. 6. Interswitch Interswitch is a leading payment processing company in Africa. It supports a variety of payment solutions, including online payments and bank transfers. 7. M-Pesa M-Pesa is a mobile money service that's particularly popular in East Africa. It allows you to receive and send payments easily using your mobile phone. 8. Skrill Skrill is another international payment platform that supports various currencies. It's great for freelancers who work with clients from different parts of the world. Using these platforms ensures you get paid no matter where your clients are. #Freelancing #Entrepreneurship #Africa #PaymentSolutions #Global

Did you know that #freelancers in Pakistan can now conveniently withdraw U.S. #dollars in cash from ATMs? This recent initiative is designed to facilitate easy access to foreign currency earnings. 💸🌐 $ https://lnkd.in/dbPCvg6r

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