oDesk Payment Methods

Payment System

There are five methods to receive your payment from ODesk. I have described about this list according to what I consider to be more commercial for any Providers. The information presented here is sourced from the oDesk Help Center.

i. PayPal Payment System:
Providers in most countries can register with PayPal – however, most countries Are not supported for withdrawals from PayPal to your bank account. Before activating PayPal withdrawals to your @o-desk.com email address, please check that your country is supported. Even amongst supported countries, features and feesvary widely.

 
ii. oDesk Debit MasterCard Payment System:

oDesk Debit MasterCard is a fully-functioning, reloadable debit card powered by Payoneer. They issue you a card with your name on it, and mail it to you. After you transfer your earnings from oDesk to your card, you can withdraw funds at any ATM with a MasterCard symbol, anywhere in the world.

The above picture is the oDesk Prepaid Debit MasterCard that is powered by Payoneer. As you might know already, Payoneer offered a prepaid debit card for every member of its partner company. I got mine from oDesk. Here is my personal experience for using this card and also there is some comparison with PayPal regarding the fees.

iii. Moneybookers Payment System:

Moneybookers is an international e-wallet system based in the UK. When you receive a payment via Moneybookers, your Moneybookers account is instantly credited with the payment amount. You can then withdraw your money out of Moneybookers directly into your bank account, onto a credit card, or in some countries.

 

iv. Wire Transfer Payment System:

Wire transfers are a well-established way to transfer funds from bank-to-bank across international borders. Most international wire transfers today use the SWIFT system. Wire transfers are fast and reliable.

v. Direct Deposit/ACH Payment System:

ACH stands for Automated Clearing House, a network for electronic financial transactions that allows for transfers to any US bank account. Many banks refer to incoming ACH transfers as “Direct Deposit”. Free payments For US bank accounts only.