Payoneer & Payment Setup

In This Section, You Will Learn:

• • Why Payoneer is essential for Pakistani sellers
• • Setting up Payoneer account
• • Connecting Payoneer to eBay
• • Understanding eBay Managed Payments
• • Withdrawing to Pakistani bank

Why Payoneer is Essential

• The Problem:
• • eBay doesn't directly support Pakistani bank accounts
• • PayPal not available in Pakistan
• The Solution: Payoneer
• • Provides US bank account details
• • eBay deposits to your Payoneer account
• • You withdraw to Pakistani bank in PKR
• Payoneer Benefits:
• • Trusted by millions of freelancers
• • Competitive exchange rates
• • Mastercard for direct spending
• • Multiple currency accounts

Setting Up Payoneer

• Step-by-Step Payoneer Setup:
• 1. Go to payoneer.com
• 2. Click 'Register' → 'Receive Payments'
• 3. Enter personal details (match your CNIC exactly)
• 4. Upload CNIC for verification
• 5. Add Pakistani bank account for withdrawals
• 6. Wait for approval (1-3 days)
• After Approval:
• • Get your US Payment Service
• • You'll receive: Bank name, routing number, account number
• • These details are used for eBay
• Important: Name on Payoneer MUST match eBay exactly!

eBay Managed Payments

• What is Managed Payments?
• eBay's payment system that handles all transactions directly.
• How It Works:
• 1. Buyer pays through eBay
• 2. eBay holds funds (processing time)
• 3. eBay sends to your Payoneer
• 4. You withdraw to Pakistani bank
• Payout Schedule:
• • Daily payouts available (once established)
• • New sellers: 7-day hold typical
• • Processing: 1-3 business days
• eBay Fees:
• • Final value fee: 10-13% (category dependent)
• • Payment processing: ~3%
• • No listing fees for first 250 listings/month

Withdrawing to Pakistan

• Payoneer to Pakistani Bank:
• • Withdrawal fee: ~2% (varies)
• • Processing time: 2-5 business days
• • Minimum withdrawal: $50
• Supported Pakistani Banks:
• • HBL, MCB, UBL, Allied Bank
• • Most major banks supported
• • Some banks offer better rates
• Tax Considerations:
• • Freelancer income is taxable in Pakistan
• • Keep records of all earnings
• • Consult tax professional for compliance
• Pro Tip: Withdraw when USD/PKR rate is favorable