Wire Withdrawals | Payments | Freelancer Support (2024)

How may we help you?

Withdrawing funds to your bank account is possible via Express withdrawal or viaWire Transfer.You can use whichever is available in your country.

The system requires you to verify your identity for you to submit a Wire withdrawal request. If you plan to use a company bank account, you would have to complete Corporate KYC verification as well. This is a security measure to protect your account as Wire withdrawals are usually intended for large sums.

Prior to submitting your firstwire withdrawal request, please ensure that your bank can receive USD currency and prepare a copy of your bank statement (not older than 3 months) showing your bank account details where you want to transfer the funds to -- account number/IBAN, account name, Swift/bank code and branch code (if present). A Withdrawals Processing representative will reach out to you via email and request for this to be uploaded to a secure page (in the Verification Center). Do not send this information via email.

Once your bank statement is ready, send a wire withdrawal request by following these steps:

1. Click your profile picture thumbnail from the main menu bar. Then, chooseWithdraw fundsunder Finances.

2. Select Wire Transfer.

3. Provide your bank information.

Note: You'll also be required to provide your residential address here. Please make sure that you input your complete address and it should match the address in your bank statement.

4. Indicate how much you wish to withdraw.

The minimum withdrawal amount is $500 USD.

Wire withdrawals are only available in USD.

5. Click Withdraw Funds to file your request.

A $25 USD transaction fee is charged for every Wire Transfer. Additional fees may also be charged by intermediary banks. Take note that processing fees apply to all withdrawal attempts, including unsuccesful ones. These fees cover the cost of processing your request.

It will take 5-7 business days for the funds to reflect on your bank accountafterthe withdrawal request is processed.

Note thatfirst withdrawalsundergo a15-day delayfor security purposes.

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Wire Withdrawals | Payments | Freelancer Support (2024)

FAQs

How do freelancers withdraw money? ›

How do I withdraw money from my account?
  1. Log in to your Freelancer.com account.
  2. Click on your profile photo thumbnail, and select Withdraw Funds .
  3. Choose your preferred withdrawal method (some are not available in some countries).
  4. Fill out the details of the withdrawal which will be specific to the chosen method.

How long does it take to withdraw money from freelancer? ›

Payoneer / Freelancer Debit Card - within 24 hours. Express Withdrawal - within 2-3 business days. Wire Transfer - within 3-5 business days.

What is express withdrawal? ›

Depending on who you bank with, normal withdrawals can take up to 2 business days to reflect in your bank account. With an express withdrawal, you can speed up the process, allowing your funds to reflect much more quickly in your bank account (as long as you withdraw between 08:00 and 15:45, Mondays to Fridays).

How much does a freelancer charge for card authentication? ›

Payment verification is free; although some credit card gateways may charge a small fee which will also be refunded automatically in 2-3 business days.

How do I stop being scammed by freelancer? ›

How to Avoid Scams as a Freelancer
  1. Research the client.
  2. Get a contract signed.
  3. Check that you are being offered a reasonable rate.
  4. Don't pay any deposits or upfront fees.
  5. Only accept standard payment methods.
  6. Communicate only through official platforms or a work email.
Oct 12, 2023

How do I get my money back from freelancer? ›

Funds you deposited that remain unused will stay in your Freelancer.com account balance. Scroll down and hit Contact us so we can request a refund for your deposit..

What is the minimum withdrawal amount for freelancer? ›

Express Withdrawals: Withdraw funds to your bank account. Minimum of $50 USD with $1 withdrawal fee.

How do freelancers receive payment? ›

7 Ways to Accept Payments as a Freelancer
  1. Cash. Depending on the kind of contract work you do, getting paid in cash can be a legitimate option. ...
  2. Checks. Another fee-free option is checks, but this method is not very flexible, and it's becoming less common. ...
  3. PayPal. ...
  4. Credit Cards. ...
  5. ACH Transfers. ...
  6. Bank Transfers. ...
  7. Digital Wallets.

How long do freelancers wait for payment? ›

The client then has 30 days to pay - unless the freelance and the client agree on a reasonable alternative period. Clients must not pressure freelances or attempt to impose unreasonable payment terms. Be clear when you invoice for work that "payment is due within 30 days".

How long does a processed withdrawal take? ›

If the request is placed before the cut-off time, the funds are typically credited to the bank account within 24 hours of the cut-off time. If the request is placed after the cut-off time, it takes an additional working day (up to 48 hours in total) for the funds to be credited to the bank account.

What does it mean when a withdrawal is processing? ›

It means that the payment has been initiated but has not yet been completed. The transaction is in the process of being authorized, cleared, or settled. Depending on the payment method and system, the processing time may vary, but it usually takes a few seconds to a few hours.

What is the difference between payout and withdrawal? ›

Differences: “Withdrawal” often implies an action initiated by the account holder or participant, whereas “payout” and “pay out” imply a disbursem*nt from an entity to an individual. “Payout” is a noun referring to the sum of money received, while “pay out” is a verb phrase referring to the act of disbursing the money.

Is the freelancer app safe? ›

Freelancer.com is a legitimate platform for clients to get jobs done and freelancers to earn a reliable income.

Is it safe to provide card details on freelancer? ›

If at any point of time a buyer does a chargeback on their card even after delivery & even after 20 -30 days of such, your linked Credit Card with Freelancer - Hire & Find Jobs will be charged & the money shall be sent to the buyer! Nopes! I have used Freelancer - Hire & Find Jobs for approx 8 years.

Do I have to pay for a freelancer? ›

Freelancer is free to sign up, post a project, receive bids from freelancers, review the freelancer's portfolio and discuss the project requirements.

How do you receive money as a freelancer? ›

7 Ways to Accept Payments as a Freelancer
  1. Cash. Depending on the kind of contract work you do, getting paid in cash can be a legitimate option. ...
  2. Checks. Another fee-free option is checks, but this method is not very flexible, and it's becoming less common. ...
  3. PayPal. ...
  4. Credit Cards. ...
  5. ACH Transfers. ...
  6. Bank Transfers. ...
  7. Digital Wallets.

How do freelancers usually get paid? ›

Once your client receives your invoice, they're given several options to pay you, depending on the invoicing platform you use. The most common ways to get paid as a freelancer are: Bank transfer. Credit or debit card payment.

How do I release a payment on freelancer? ›

Request for the release of Milestone Payments
  1. Go to the Payments tab of your project page.
  2. Under Created Milestones of the Milestone Payments section, look for the In Progress Milestone Payment that you wish to be released, and click Request Release next to it.
  3. Click Confirm to complete your request.

What is the payment method for freelancer? ›

The primary deposit options on the site are PayPal and debit/credit card. Depositing with any of these creates a billing agreement. The rest of the accepted deposit methods are: Skrill, bank deposit, iDEAL, Sofort, Giropay, Bancontact, Dotpay, WeChat Pay, Alipay, UnionPay, Apple Pay, and Paytm.

References

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