Thursday, 24 April 2014

How To Withdraw Money Through Payoneer MasterCard in Pakistan

A month back, I applied for a Prepaid MasterCard at Payoneer. The card was approved and on January 28th 2014, I received the MasterCard via standard mail at my residence (Lahore, Pakistan). Today on 24th April 2014, I done a withdrawal of  7000 PKR with my Payoneer MasterCard at ATM of Standard Chartered Bank. I am happy that now I can easily withdraw PayPal money and money from several other services including MoneyBookers, ClickBank and Elance, Odesk etc.

If you have also applied for a Payoneer MasterCard, then it will reach you via standard mail at your provided address. Once the card reaches you, follow below instructions before you will be able to withdraw your money at selected ATMs in Pakistan.

1. Get Your Payoneer MasterCard:

Firstly you need to sign up for Payoneer MasterCard.

2. Activate Your Card:

Once the card reaches you, simply log in your Payoneer account and follow the link highlighted in your account dashboard to activate your card. On activation screen, enter the 16 digit card number and then choose PIN number. Once you will provide the card number and PIN number, your card will be activated.

3. Add Funds to Your Card:

You can then add funds to your Payoneer MasterCard. You can transfer the funds from other cards or can add from PayPal, MoneyBookers, ClickBank or any other supported source of your convenience to US Payment Service’s provided virtual account.

4. Withdraw Money or Use it Online at Stores:

ATMs at selected banks in Pakistan accept Payoneer's MasterCard. The banks include MCBCiti BankFaysal Bank and Standard Chartered Bank. Before inserting your card in ATM, ensure that funds are loaded to it, otherwise the ATM may eat the card.
For each transaction, you will be charged between 200-400 PKR. When I withdrew PKR 7000 today, I was charged PKR 300. To prevent extra charges, never check your balance via the ATM and always withdraw maximum amounts. Additionally, withdraw money in multiples of thousands, i.e. withdraw 1000, 2000, 3000 or so on. Don’t withdraw 1500, 2500 etc. to prevent declines.
You can use your debit card for online purchases also. The card is accepted at millions of stores across the world. You can purchase online services also. But keep this in mind that the card is prepaid and less secure than a Credit card, so don’t use it for subscribing trial services or at unauthentic stores.

5. Get $25 Referral Reward:

If you haven’t applied for a Payoneer Card yet, signup now through this Special Link. It will get you Payoneer’s Prepaid Card and will also earn you a bonus of $25 when you will receive an amount of $100. Got any other questions? Ask in comments. I will answer you.