Payment problems with Pakistani freelancers and payment methods in Pakistan
New freelancer in Pakistan gets projects and wins competitions with different challenges and problems. And if they start making some money, they will have a hard time withdrawing the payment in Pakistan.
With each passing day, there has been a rapid increase in the number of people working as freelancers. Freelancers are generally referred to as freelancers and are not necessarily dedicated to any particular client. They can work on both short and long-term projects, whichever suits them.
In a recent report, Pakistan has become the fastest-growing freelance market in Asia. It is slightly behind the United States (78%), the United Kingdom (59%), and Brazil (48%) with an exceptional growth of 47% per year.
According to the Online Labor Index published in 2017, Pakistan is the fourth most popular country for the self-employed. It has the best freelancers in the world, but it still has a lot of problems, especially when it comes to withdrawing money.
Platforms most used by self-employed Pakistanis
Pakistan has produced numerous freelancers in recent years. Most of them work on more than one stand-alone platform to make money, while some freelancers only work on one standalone platform. The platforms most used by self-employed Pakistanis are:
- People per hour
Payment methods accepted by independent platforms
First, let’s take a look at the payment systems offered by popular independent platforms.
Fiverr is a service that allows people to buy and sell services online for beginners. Fiverr offers four main options for cash withdrawal to its users, namely:
- American bank account
Upwork is a freelancing marketplace that connects clients and freelancers. There are five payment methods to withdraw money for your users in Pakistan.
- Directly to the local bank.
- Wire Transfer(USD)
- Direct to USA Bank (USD)
A freelancer is a self-employed person who offers services, often working on several jobs for multiple clients at one time. The available recording methods are as follows:
- Express withdrawal
- Wire Transfer
- Debit card for freelancers
Challenges Freelancers Face During Cash Withdrawal in Pakistan
Some freelancers work to polish their skills, while most freelancers make a living doing it. Just think of those people who work tirelessly for a project but couldn’t get their money on time. Some of the main challenges self-employed Pakistanis face include:
Difficulty sending and receiving money around the world.
Pakistani freelancers are offered fewer payment options than other global freelancers. Payments not received on time due to the time it takes for banks to verify payments.
Payoneer was the most used option for the cash withdrawal system by people, but now FCA has ordered that all Payoneer cards be frozen. This means no freelancer can withdraw money from your accounts. This has become a big problem for freelancers these days.
Fix for cash withdrawal issues
PayPal no longer existed in Pakistan. And now that?
1. Paypal for freelancers
All freelancers know that PayPal is not available in Pakistan. As there is a specific reason, we cannot use Paypal. However, there are many ways you can create a Paypal account in Pakistan and you can also withdraw. but I don’t recommend new freelancers to use Paypal. There is a high risk that you will lose your money and hard work.
Must Read: PayPal alternatives in Pakistan
2. Payment method by Wire Transfer
The Wire Transfer payment method is also one of the best options for freelancers in Pakistan. However, for bank transfers, you must have at least USD $ 500. Where it costs USD $ 25 per transaction. It means that if you are going to withdraw $ 2000, the freelancer will take $ 25. Therefore, the bank transfer can save you a lot more if you have big projects as a freelancer.
3. Debit card for freelancers
The freelance debit card, also known as a Payoneer debit card, is a great option for freelancers in Pakistan. Because Payoneer has many options where you can get your master card and withdraw your money from a local ATM anytime anywhere. With the help of Payoneer, you can also transfer your money to your local bank account, one of the lowest rates. Let’s say you are withdrawing money from a freelancer to Payoneer. It will only charge you $ 2 for each withdrawal. That’s why I recommend that you register with Payoneer.com and get your Master card now.
Also read: Why PayPal is the most preferred payment gateway