Estimate only. Actual fees and exchange rates depend on Payoneer and your bank. Note: Payoneer charges a $29.95 annual account fee if your yearly turnover is under $2,000.
Pakistani freelancers and Amazon/Fiverr/Upwork sellers receive millions through Payoneer — but the amount that lands in the bank is always less than what the client sent. Between the withdrawal fee, the currency-conversion spread, and (for low-volume accounts) the annual fee, the true cost of Payoneer takes real thought. Our free Payoneer fee calculator shows your net amount after all the cuts, in USD and PKR.
The Fee Structure
- Withdrawal/conversion fee: 2% — the headline cost on converting USD to PKR/bank withdrawal
- FX spread: Payoneer converts at a rate slightly below the interbank rate (part of the same 2% estimate for planning)
- Annual account fee: $29.95 — charged when yearly receiving is under $2,000
- Receiving payments: free from Payoneer users; marketplace (Amazon etc.) transfers vary by platform terms — e.g. Amazon’s own disbursement may be free into Payoneer balances
- Commercial card payments: up to ~3.99% when clients pay by card to your payment request
- Local bank transfer in Pakistan from Payoneer balance: channelled through banking partners (funds eventually hit your PKR account)
How to Use
- Enter the amount (USD).
- Toggle annual fee if it applies to you (under $2k/year volume).
- Enter the USD-PKR rate if you want the PKR figure.
- Click Calculate — net receivable in USD and PKR.
Example
$1,000 payment → 2% fee = $20 → $980 net. At Rs 280/USD ≈ Rs 274,400 in your bank. Add the $29.95 annual fee (if it applies) and the year’s true take is lower — which is why high-volume freelancers look hard at alternatives for large transfers.
Frequently Asked Questions
What is Payoneer’s fee in Pakistan?
Plan on ~2% for withdrawal/conversion, plus a $29.95 annual fee if your yearly volume is under $2,000.
Payoneer vs Wise vs direct bank wire — cheapest?
Wise (where available) and direct SWIFT wires usually beat 2% above ~$3–5k; Payoneer wins on convenience with Amazon/marketplace payouts. Compare case by case — the calculator quantifies Payoneer.
Does Payoneer money count for tax?
Yes — export-of-services income is taxable in Pakistan (with preferential regimes for IT freelancers under conditions; PRI remittance rules apply). See our income tax calculator and the filer benefits.
Why is my received rate below the Google rate?
That’s the FX spread — Payoneer’s conversion includes a margin. The calculator’s 2% folds fee+spread for planning; actual statements show their split.