Freelancers in Pakistan now have an excellent way to streamline their payment processes. Thanks to a new feature in the JazzCash app, freelancers can link their JazzCash accounts with Payoneer to receive international payments in USD and EUR and easily convert them to PKR. This new feature is a result of an agreement between JazzCash and Payoneer, making it easier than ever for freelancers to manage their funds. In this article, we will walk you through the benefits of using Payoneer, how to create accounts on both platforms, and how to link them together.
Payoneer Payments Benefits
Payoneer is a well-known and reliable platform for receiving international payments. Freelancers can benefit greatly from its features, which include competitive exchange rates and the ability to easily convert money from one currency to another. Here are some of the main benefits:
- Good Exchange Rates: Payoneer offers competitive exchange rates, ensuring you get the most out of your international earnings when converting to your local currency.
- Multiple Currency Support: You can receive payments in various currencies, such as USD and EUR, and then convert them to PKR when withdrawing funds.
How to Create a Payoneer Account in Pakistan
Creating a Payoneer account is straightforward and can be done with just a few simple steps. Here’s how you can set up your account:
- Visit the Payoneer Website: Go to the official Payoneer website at www.payoneer.com.
- Register: Click on the “Register” button to start the registration process.
- Choose Your Account Type: Select the option that best describes your work. For freelancers, choose the freelancer option.
- Fill in Your Details: Provide your complete name, ID card details, date of birth, and postal address.
- Bank Information: Enter your bank’s IBAN and other relevant information.
- Submit: Complete the registration process by submitting the form.
How to Create a JazzCash Account
Setting up a JazzCash account is also a simple process. Follow these steps to get started:
- Download the JazzCash App: Get the app from the Play Store on your mobile device.
- Enter Your Number: Provide the number you want to use for your account and click the next button.
- Fill in the Form: A form will appear; fill it with the required information.
- Receive OTP: You will receive an OTP (one-time password) via SMS. Enter this OTP to verify your number.
- Set Your MPIN: Choose a four-digit password (MPIN) for your account.
- Complete Registration: Wait for the registration process to complete.
How to Link Your Payoneer Account with JazzCash
Once you have accounts on both platforms, linking them together is a quick and easy process. Here’s how to do it:
- Open the JazzCash App: Launch the app on your mobile device.
- Login: Log in to your JazzCash account.
- Select Payoneer: Click on the Payoneer option within the app.
- Login to Payoneer: Enter your Payoneer credentials to link your accounts.
- Link Accounts: Click on the “Link Account” option.
- Sign In: Sign in to your Payoneer account to complete the linking process.
- Confirmation: Once linked, you will receive a confirmation message.
Important Note
When withdrawing funds from Payoneer to JazzCash, a fee of 2% will be applied to each withdrawal.
Conclusion
Linking your Payoneer account with JazzCash is a fantastic way for freelancers in Pakistan to manage their international payments. This integration allows for seamless transfers and easy conversion of funds into local currency. By following the simple steps outlined above, you can take advantage of this new feature and streamline your financial transactions. This is an amazing feature for anyone looking to efficiently handle international payments and transfer money into their local bank accounts with ease.