Do you know that Alternatives to PayPal for Pakistani Freelancers? one of the most well-known payment options in the digital world is PayPal. It is used by thousands of independent contractors and digital nomads to handle their online finances. It is accepted alongside Visa and Mastercard on the majority of e-commerce websites and checkout pages.
What are the top PayPal substitutes for independent contractors in Pakistan?
Unfortunately, Pakistan does not have a PayPal presence. While opening an account with a foreign bank account is still an option, there are simpler options available for independent contractors in Pakistan.
However, you must be vigilant for fraud and swindles when selecting the best digital payment method. If not, you can run the risk of losing money.
We have examined a wide range of electronic payment options for you. The top five PayPal alternatives for Pakistani independent contractors are highlighted in this article as the winners.
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1 – PAYONEER
To start with, Payoneer is one of the best PayPal alternatives in Pakistan. The company launched in 2005 and has its headquarters in the US.
It provides a complete range of features for sending and receiving money, much like PayPal.
Major international companies like Upwork, Fiverr, People Per Hour, Amazon, and Google also accept it.
A VISA ATM can be used by freelancers to convert all of their payments into Pakistani Rupees (PKR). You can also transfer money directly to a bank account in your hometown.
On this platform, payments from other Payoneer users can be sent and received without cost. However, there is a 3% transaction fee for all credit card transactions, regardless of the currency. Individual costs apply to payments from marketplaces like Fiverr and Upwork.
2 – SIMSIM
The next option is SimSim from FINCA Microfinance bank, a strong PayPal substitute for independent contractors in Pakistan. After receiving approval from the State Bank of Pakistan, it was introduced in 2017 as the first free digital wallet in the nation.
Both iOS and Android users can download the SimSim app. It’s simple to manage payments on both the desktop and mobile apps.
Using their CNIC and mobile phone, independent contractors can create a SimSim wallet. You can then take use of the card-free digital payment method provided by this solution.
SimSim, however, is perhaps better suited to the requirements of inexperienced freelancers with modest and scattered sources of revenue. Transaction limits range from Rs. 500 to Rs. 5000 at the moment.
SimSim has the advantage of not charging internal transaction fees; instead, only when you transmit money from the platform to your bank account do you pay fees.
3 – 2CHECKOUT – VERIFONE
2CheckOut is a third excellent PayPal substitute for independent contractors in Pakistan. In September 2020, Verifone, a global payments organisation with headquarters in the US, purchased the business. It is nevertheless one of the most well-known locally established options that is effective on a worldwide scale.
Similar to Payoneer and SimSim, it provides quick and simple payment management alternatives.
2CheckOut can be connected by freelancers to MasterCard, American Express, and Visa. Additionally, you can quickly set up confirmed payment pathways to ensure the security of your money as well as the money of your clients.
Various plans from 2CheckOut are available based on the level of service you require. The least expensive one, 2Sell, charges a flat fee of $0.35 each sale in addition to 3.5%.
4 – EASYPAY – EASYPAISA
Easypaisa, often known as Easy Pay, is listed next. It is one of the greatest worldwide communications platforms and a branchless banking service provided by Telenor Microfinance Bank, which is itself a member of the Telenor Group.
Easypaisa offers some fantastic features for freelancers and is specifically developed for Pakistani e-commerce vendors and customers.
Easypaisa charges 1% for mobile accounts, 2% for the Easypaisa shop, and 3% for credit and debit transactions per transaction.
5 – SADAPAY
SadaPay is an excellent PayPal substitute for independent contractors in Pakistan. Even the users of this online payment system receive MasterCards.
Additionally, it enables worldwide, frictionless financial transactions and internet payments.
This method also has the benefit of being quick and simple to set up. You’ll have complete access as well as your card after your account has been authenticated.
Another benefit of SadaPay is that there are no fees associated with setting it up, sending and receiving payments, or withdrawing money from it. Only non-PKR purchases are subject to the 1.5% foreign exchange fee per transaction.
CONCLUSION: THE BEST PAYPAL ALTERNATIVES FOR PAKISTANI FREELANCERS
There are several excellent PayPal substitutes available to freelancers in Pakistan, as the list above demonstrates.
You can use these digital payment options to successfully manage several revenue streams globally and manage your online money.
You’re ready to start once you’ve analysed these choices and selected the ideal one to suit your particular requirements. You may get right into the realm of international freelancing.