While transferring your payments through LFT. What the last exchange rates did you get from your bank. I'm writing this just to get community informed about the best exchange rate / bank in Pakistan.
I will recommend you using the Payoneer's facility to transfer funds directly to your local bank.
DONOT use their debit card.
Instead, just use payoneer's bank details to transfer money from upwork to the ACH bank (For free ofcourse)
and then withdraw that amount to your local bank with only 2% deduction.
I am using it and its way better. I at least save Rs 1500 as compared to Upwork's wire transfer.
I hope this will help.
Assalam O Alaikum Yasir!
Would you please like to help me on this? How much money would be deducted if I withdraw $500 using Payoneer?
I have heard withdrawing from Payoneer card is not a good option as it charges too much.
When you send Money to their your First Century Bank account, they charge 1$ I guess. And then to send to your local bank, there are no charges. But yes the exchange rate they give you would be 2Rs less per $.
Means you would actually get at least PKR 50,796. (approx)