Payoneer vs Wise Fee Calculator

1. Your payment

The rate above is the reference rate you enter (for example, the rate your bank or a currency site shows you today). Each provider’s own margin below is then applied on top of it. If a provider shows you its own final rate, set that provider’s margin to 0 and type its rate here instead — or compare providers one at a time.

2. Comparison table — edit the yellow fields

Fixed fee and % fee are charged in the payment currency. FX margin is the % shaved off your reference rate. Local fee is what you pay in PKR to withdraw or receive locally (bank charges, ATM or transfer-out fee). All four are editable samples.

How each row is worked out: (amount − fixed fee − % fee) × reference rate × (1 − FX margin) − local fee = PKR you receive. Total cost % = (amount × reference rate − PKR received) ÷ (amount × reference rate). The highlighted row is simply the highest PKR received from your edited figures — it is not a recommendation. Availability, withdrawal limits, account verification and payout speed differ by provider and are not priced here.

3. Who pays the fee? — explainer + worked example

There are three common arrangements. Agree one in writing, before work starts, and state it on the invoice:

• You absorb the fees (most common for small jobs). The client pays the invoice amount; you keep the PKR figure from the table above. Build the expected fee into your rate instead of adding it as a surprise later.
• Client covers the fees. The client sends a higher gross amount so that, after the provider’s fixed and % fees, you still net the invoice amount. The FX margin and your local withdrawal fee usually still sit with you unless you agree otherwise — say so explicitly.
• Split 50/50. You each bear half of the fixed + % fees. Simple to explain, but still needs the FX margin and local fee spelled out, or the split is not really equal.

Worked example only, using your edited figures above. It grosses up only the fixed + % fees (gross = (invoice + fixed) ÷ (1 − % fee)). FX margin and local PKR fees are shown separately because they are taken in the conversion and withdrawal steps, not in the payment-currency fee.

4. Notes for Pakistani freelancers

• Do not compare headline % fees alone. A low % fee with a large FX margin can leave you with less PKR than a higher % fee with a small margin. This table exists to catch exactly that.
• Check withdrawal routes before you promise a client a method. Confirm the provider can actually pay out to your Pakistani bank or wallet, what verification it needs, and how long withdrawal takes. A method you cannot withdraw from is not cheaper.
• Keep a record of every receipt. Save the provider receipt, the conversion rate applied, and the PKR credited. You will need them for your own accounts and if a payment is ever queried.
• Never share login codes or passwords with a client, a “payment helper”, or anyone offering to receive money on your behalf.

PSEB note — guidance only, not legal or tax advice

Pakistan’s software and IT exporters commonly register with the Pakistan Software Export Board (PSEB) and route export receipts through proper banking channels, and PSEB registration is sometimes linked to incentives or recognition for IT exporters. Rules, eligibility and benefits change, and they depend on your exact situation. This paragraph is general guidance only. Before relying on it, check PSEB’s own current guidance and confirm your position with your bank or a qualified adviser. Nothing in this tool is legal, tax, or financial advice.

What this tool is NOT

It is not a currency converter (it does not fetch or display a live market rate), it is not a provider comparison based on current published fees, and it does not cover taxes, platform commissions (for example marketplace fees), chargebacks, or account holds. If a figure here disagrees with your provider’s statement, your provider’s statement wins.