questions about withdrawing money from Odesk
By aprilsong
@aprilsong (1884)
China
May 21, 2012 6:49am CST
For members of Odesk, i have a question. With way do you choose to withdraw your money from Odesk? I have chosen moneybookers. But i heard some people say that Moneybookers will charge about 10 dollars when you withdraw money from Odesk. Is it real? As we all know, when we ask withdraw, Odesk will deduct 1 dollar as fee of withdraw, why Moneybookers also charge us?
1 person likes this
2 responses
@suni51 (3429)
• India
21 May 12
If you have Paypal as an alternate this would be better to choose you pay through Paypal. Moneybooker certainly charges heavily for every transaction depending upon your country. Besides their conversion charges are too high and too top it al they charge 2% extra while conversing for risk covering. But there are certain sites or countries where there is no option, then moneybooker should be opted as last resort.
@aprilsong (1884)
• China
21 May 12
Hi,my friend, you know what, i choose Moneybookers as my way to receive money from several sites because i don't like paypal. You know what, only with those sites take paypal as the sole option to receive money, for example, here in mylot.I use paypal as my option. Because, it is very hard for our Chinese to withdraw money from paypal. It charges 35 dollars every time, and that doesn't include the fees that charged by Chinese banks. (7-12 dollars,depending on various banks). So, you can see how greedy paypal and Chinese banks are. I have withdrawn money from microworkers, and experscolumn, to Moneybookers. It is very fast and no fee charged by Moneybookers. So i was puzzled by Odesk. (i have not withdraw any money yet,i just heard this from others)
@suni51 (3429)
• India
21 May 12
It is the other way round for us, we do not pay even a single cent for transferring money to our Paypal accounts, no conversion, no nothing. Even the transfer is on auto and every day to our banks, the only restriction is that we can not keep our money in Paypal and use it for shopping because it is transferred the same day without any deduction even 5cents would go to our bank.
This is not so with moneybooker but they charge heavily for every transaction. Like you said I too am on all the sites you mentioned and I use moneybooker only on Experts column. I am not sure about Micro workers because despite my three paid efforts with $2 every time they have not delivered to me a PIN. I have lots of money pending there for long time. Even my moneybooker account could not fetch me a PIN.
@aprilsong (1884)
• China
21 May 12
Hi, suni, after so many efforts, i got my PIN letter from microworkers.com. Please make your address as detailed as possible, i waited about half a month to receive the PIN letter. And for moneybookers, after i chose for verification through address, i got my verification letter 20 days later(well, you know, i am in China, so it takes time). I wish you can get your letter too.
@jvincent_129 (4994)
• Philippines
21 May 12
Hi! aprilsongs. It's me again. hehehe
You could choose to withdraw your money through paypal. They only charge $1.00 when transferring money to paypal. So my advice is that before you withdraw the money, wait for it to reach a great amount so that you can save on charge fees. And from your paypal to your bank account, there's also corresponding charge for that. Call your bank and inquire if there are charges or not.
Me, I use Local fund transfer. It is more cheaper than using paypal. In this way, you can transfer funds from odesk directly to your bank account. The first withdraw is free of charge, and a charge of $1.00 for succeeding withdraws. Local fund transfer is not available in all countries. I'm from the Philippines and this method is used by majority in transferring cash. Good Luck! 
@aprilsong (1884)
• China
21 May 12
It is good to see you again, my friend. Yes, i am waiting to my earning increased to a big amount, because as you said, Odesk will charge 1 dollar per time, no matter how much you withdraw. But i am not sure will Moneybookers will charge fee too for the withdraw. Paypal is not good for me, as i have said, it will charge Chinese 35 dollars each time we withdraw money from it to our bank account, and what's more, our banks will charge another 7-12 dollars. Which means for one withdraw we need to pay at least 42 dollars. That is a big amount of money for me.
@jvincent_129 (4994)
• Philippines
22 May 12
oh so you're from china. Do they have local fund transfer option? so that it would be easier for you to transfer money. Also a tip, find a bank that does not offer a expensive charge on transactions. I asked all the banks in my country and chose the one that offers less charges. Actually the one that I have does not offer any charges upon transfer. I only get charged at the sending end, that is one dollar per transaction.
42 chinese dollars is a lot. Find other options. I really don't know anything about moneybookers.
42 chinese dollars is a lot. Find other options. I really don't know anything about moneybookers.