Wednesday, 25 November 2015

Samba Bank no longer supports Payoneer - Bank Al Falah does

Dear avid followers,

Unfortunately, I have not had much time to maintain this blog off late, and it seems many of the posts are outdated and contain incorrect information.

In my last post, I went on and on about how incredible Samba Bank is for Payoneer withdrawals in Pakistan.

For the longest time, they were the only bank that wasn't charging a fee for us Payoneer MasterCard debit card users.

Instead of charging a fee, they have decided to stop supporting MasterCard altogether, which means your card will get rejected and possibly eaten up if you try too many times.

The good news is that Bank Al Falah has some kind of agreement with MasterCard and most of their ATMs support Payoneer now - and they don't charge a bank fee either.

This means that if you withdraw money from a a Bank Al Falah ATM, you will just get charged 3% currency conversion fee and the standard Payoneer ATM withdrawal fee (which is $3.15 on most cards).

Which Bank Al Falah ATMs support Payoneer?

Good question. I have tried 5 different ATMs in Karachi South and Karachi Central and they all worked perfectly. Reading some information about how certain machines in other parts of the city and country are not accepting Payoneer, but I think this should sort itself out soon since Al Falah seems to have some kind of deal with MasterCard.

What is Payoneer, you ask?

Even better question, You deserve an award for reading an entire blog about something you're clueless about. That award could be $25!!!! How?

You can sign up for a Payoneer card in Pakistan by clicking here (free $25 bonus once you load $100 to your card)

As always, please feel free to leave a comment and I'll try to help you out with your Payoneer pareshaaniyan.