Freelancing is due to the urge of earning online by using available resources. So, it’s necessary to know about the procedure of getting paid and how to transfer your money from your freelancing platform into your local bank account. When the client releases the payment after completion of a task, few freelancing platforms such Fiverr and Upwork hold the payment for some duration of approx one week. After that, it is made available for freelancers. While in Freelancer.com payment is immediately available to freelancers. Each freelancing platform gives you options of some payment methods by using which you can transfer your money into your local bank account. It can be an option of direct bank deposit or by using wire transfer or by using some e-wallets such as PayPal, Payoneer, money booker, skill, etc. There is a difference in operational methods for each payment transfer method. If you are on any freelancing platform, you must know which payment method is supported by your local bank account. Otherwise, you may lose a significant percentage of the amount from your earnings. In this article, we discuss different payment methods that are supported by freelancing platforms. With the help of that method, you can easily transfer your income to your bank account.
WHICH OPTIONS ARE AVAILABLE ON UPWORK?
In Upwork, you have the following options for payment methods
WIRE TRANSFER
DIRECT BANK DEPOSIT
E-WALLETS
XOOM
PAYONEER
SKRILL
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