Sunday, April 26, 2015

How To Withdraw Money From Payza In Pakistan?

Methods To Withdraw Money Via Payza Withdrawal In Pakistan

 photo payza-money-adder-hack_zpsyuhncpai.png Since PayPal is not available in Pakistan you have to go here and there just to get your money from your freelance work. Freelancers have to rely on scam and fraud exchanges to get their right earned money in their hands. People in Pakistan have to use different kind of alternatives to accept the money in the first place. One method to accept money online is with Payza.
Now comparing to PayPal, Payza is expensive and for a $1 transaction you will only get 65 cents only! plus there are no direct withdrawal features that are available in Pakistan like bank transfer but the methods that you can use to withdraw your money from Payza are described below. You can use these methods step by step to get your hard earned money from Payza account.

But make sure that you even have a Payza account and second have money in it because it would be really stupid to withdraw money from an empty account. Also your Payza account should be verified in the first place to withdraw money. You cannot withdraw money from unverified Payza accounts.

You can withdraw money from your Payza account in Pakistan using these 3 methods only.  These methods are only available in Pakistan and there are no other methods available.  Note that i won't add currency exchanges as they help exchange digital currencies not help you withdraw money to your country.


01. Withdraw Money From Payza using Debit Cards And Credit Cards:-

This is the first method and is the best method which can be used to withdraw money to Pakistan directly if your bank Supports it! That is right. 
  1. First you must contact your bank and ask them if their Debit card or Credit Card from Visa or MasterCard can be used to accept funds from Payza.Because most banks like MCB prepaid Visa debit Cards don't allow their users to accept funds internationally. Similarly UBL also doesn't allow this because of security reasons. You must ask your bank first. If they allow this then you can proceed to the other steps.
  2. Second thing is to add your Credit Card or Debit Card to your Payza Account and link to your account. They will charge you a small amount of money between under 200 rupee to verify. Don't worry your money won't get lost on the way. It will be added to your account's balance and its only for verification purpose to check your details.
  3. Third thing is to consider the fees which is like $8 dollars in Pakistani Rupee is 800! But if you have enough money that can cover the fees and also have enough for you then proceed.
  4. Simply Go to withdraw option in your Payza account and click on Credit card withdrawal. Now check if everything is okay like the card info and the amount you wanna withdraw. Complete.
  5. You will receive your money in 2-3 Business days.
With this you will get money directly to your bank account using the debit card or credit card. Many people use this but i will recommend this method for people who are withdrawing more than $50 so they can cover the fees and get something.

02. Bitcoin Withdrawal:-

You can completely avoid the fees easily by withdrawing your money via Bitcoin. The minimum $20 is needed to withdraw money via Bitcoin. With this you can avoid the heavy withdrawal fees of Payza in Pakistan but on the downside now you have bunch of Bitcoins and you cannot use them either and if kept for long might give your profit or loss because of currency rising and falling.
But there is a solution for this too. You can use Local Bitcoins to sell bitcoins and get money via bank transfer. Enter your country as Pakistan and exchange your Bitcoins with Actual money on the site.
To withdraw money in Bitcoins go to your Payza account, Withdraw and then click on with Bitcoin.
Also you can accept payment on Local Bitcoins via a wallet address which you can use on Payza for withdrawal.

03. Wire Transfer:-

This is the last option and is the most expensive option to withdraw money in Pakistan because it costs $25! which is like 2500 hundred rupees! This is the most expensive option and i won't recommend this to people who have money less than $200 in their accounts because after the fees and exchange fees you won't get anything if you perform a wire transfer.
For Wire Transfer you will need a bank account in Pakistan. Any account can be used like Rupee account, Dollar account or Current account etc. to accept payments and even if the amount in your Payza account is in other currency it will be converted to your account's currency automatically. Also you can get any bank account you like from any bank.
If you have a bank account then visit Payza and enter your Swift Code, IBAN and other info. Note that your Payza account name and your bank account name must be same or else they won't send the money because of security reasons and money laundering laws so be sure that both are same and the info is correct.
You will receive Wire transfer in 4-5 Business Days. Be sure to contact your bank or the Payza support if you don't get the Wire transfer.

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