The conventional payment method in Pakistan is more trusted than the online payment method. However, the shift toward the use of online payment has made lives really easy. Online shopping in Pakistan is becoming common as people have started to trust online sites as well as online payment methods.
Some people are comfortable paying online either to clothing brands at the time of online ordering or to restaurants for food. But many of the Pakistanis still prefer physical payments. Pakistan is successfully achieving its milestones for the strong security and privacy of data in online transactions.
Top 5 Online Payment Methods in Pakistan
The top 5 online payment methods in Pakistan which you can adopt for your online business are:
- Bank Transfer
- Wire Transfer
- Payoneer
- EasyPaisa
- JazzCash
Bank Transfer
This method is for physical like conventional and online transactions, which are most commonly and widely adopted. Fund transfers are easy online as just within a few clicks, you can transfer the payment or can receive also. Generally, if the refund is asked for any issue in an online order, you can get the money back in your account automatically online.
Wire Transfer
This is considered to be the most trusted and safest electronic method of transferring the payment—the transferring funds by the wire-like through SWIFT code. You can sign in to your online account to send money to anyone easily. You can receive the money within 1 to 4 days’ time as your bank also sends the notification once the amount is transferred.
Payoneer
The online businessman adopted this online payment system; however, the freelancers also adopt this method, which is very easy and convenient for them for the transactions. Users can easily withdraw the cash through the Payoneer debit card and can also send money as well.
The flexibility for accessing cash is provided by this system that also offers a low transaction fee. The services are currently in use of around 4 million customers, where this successful system is in 200 countries around the globe. It also allows you to send the money internationally or receive from other countries very easily as it is in more than 150 currencies.
EasyPaisa
The telecom operator Telenor launched this first digital payment method in Pakistan. EasyPaisa is the third-largest easy to use mobile-payment method in the world having like around a number of 7.4 million satisfied customers. It is an amazing mobile-app payment method that provides many benefits to its user.
Users can easily transfer or receive the money at any time; however, users can also gain the benefit of recharging the mobile balance, paying the utility bills, can buy the data bundles, or can easily do online shopping.
JazzCash
JazzCash was launched by a telecom operator named Jazz. This is a banking way or method that is branchless, and it was formerly known as the MobiCash, where the mobile number tagged bank account was used as in any of the phone either the smartphone or feature phone or dumb phone.
The user can easily pay the utility bills, recharge mobile, buy any of the data bundle, online packages, as well as online transactions for sending or receiving the payment, which can be done through JazzCash wallet-based payment method.
Best Payment Method for Online Businessman in Pakistan
All these online payment methods are among the top 5 methods that businessmen of Pakistan are using successfully. But among all these, the bank transfer and Payoneer are the most successful and best for the businessman’s side. The transactions are easy and timely, which usually takes very little time to get the customers’ payment transferred in brands or online business accounts.
