With Payoneer’s recent fee hike and continued absence of PayPal in Pakistan, freelancers are looking for new, cost-effective payment solutions. Enter Elevate Pay—a rising fintech platform designed to provide freelancers in emerging markets with an easier way to receive international payments.
But what makes Elevate Pay different, and can it truly compete with Payoneer? Let’s dive in.
What Is Elevate Pay?
Elevate Pay is a payment platform offering virtual USD accounts to freelancers, remote workers, and digital nomads. It allows you to:
✔ Receive funds from international clients in USD
✔ Withdraw to local bank accounts or digital wallets
✔ Benefit from lower transaction fees compared to traditional options
This solution is particularly appealing in markets like Pakistan, where international payment options remain limited.
Key Features of Elevate Pay
- Virtual USD Accounts: Get a US-based receiving account without opening a US bank account.
- Low Fees: Competitive transaction rates compared to Payoneer’s 3% withdrawal fee.
- Multi-Currency Support: Withdraw in USD and convert at market-competitive rates.
- User-Friendly Onboarding: Sign-up through their website with minimal documentation.
How Does It Compare to Payoneer?
| Feature | Elevate Pay | Payoneer |
| Fee | Lower than Payoneer (varies) | 3% withdrawal fee |
| Integration | New platform, limited apps | Integrated with Upwork, Fiverr |
| Payout Options | Bank accounts only | Banks + JazzCash |
Bottom Line: Elevate offers better fees, but lacks Payoneer’s established integrations. It’s a good backup option for freelancers who want alternatives.
Who Should Try Elevate Pay?
✔ Freelancers frustrated by Payoneer’s rising costs
✔ Remote workers seeking lower payout fees
✔ Businesses or agencies needing USD accounts without complicated banking setups
Getting Started with Elevate Pay
- Visit Elevate Pay’s official site
- Sign up with your government ID and bank details
- Create your USD account and share details with clients
Pro Tip: Start by testing Elevate with smaller payments before fully switching over.
Bottom Line
Elevate Pay isn’t replacing Payoneer yet—but it’s a strong alternative for Pakistani freelancers seeking lower fees and better payout options. In a rapidly growing gig economy, having multiple payment solutions isn’t just smart—it’s essential.
Meet Elevate Pay: A Cheaper Alternative to Payoneer for Pakistani Freelancers?