Hello!
Whenever i deposit money from Nayapay to my wise account in order to pay supplier in USD, i am shocked by the conversion rate, fees and taxes.
Please tell me what is the best method to pay supplier to avoid exceptional conversion rate? Like when i deposit the conversion rate is 330 PKR= 1$ and when i withdraw the conversion rate is 283 PKR = 1$.
This is very common problem …
Unfortunately Nothing can be done here , when for the first time when you have to inject Capital in business account …
Another work around is to pay some one in Local currency , he will pay you in USD in your US bank (Your wise account)… Obviously this is not legal…
Have you tried through wise? Although there won’t be much difference but this is the only legal way as far as I know. Other ways can get you in trouble so bear this loss in start of business and once your account gets running and circulation of money gets smooth then don’t lend this money in pakistani bank account and instead deposit this amount in Wise or Payoneer.
Pay someone in pkr and buy $ from him but must be face to face deal…
thanks for the help