Best payment methods for providers from India???
Hi,
I am Rishikanta from India. I would like anyone here to help me with choosing the payment method that best suits me. I would prefer payment method that will cost me less on a transaction.
Thanks for help,
Rishikanta
Vote Result
Score: 1.0, Votes: 1
- Login to post comments
oDesk Learning Center
oDesk Feedback Forums
Let us know what you think and vote for your favorite suggestions in the oDesk feedback forums.
Social Bookmarking
Poll
What is the scariest part of freelancing?
No work stability
48%
No health insurance and other benefits
20%
No colleagues to work with
5%
Not earning enough
21%
Other (please comment)
6%
Total votes: 820
rickard 90 posts
I hope I'm not too frank but:
ARE YOU TRYING TO CASH-OUT THE $2 which YOU HAVE EARNED TILL NOW???
For all amounts below $1000 US I recommend Payoneer, even if their exchange rates are not the lowest and you have to add a few bucks for maintaining the account...it's VERY convenient.
For amounts exceeding $1000 US you might want to think about using the wire transfer, however you should keep in mind that if you earn more than 50000Rs per year and get the money from a foreign country that the Indian Income Tax Office might keep an eye on you.
I don't trust Paypal. Sometimes they might just close your account, even if it's verified. However, I heard that their exchange rates are good and that there is no fee for a transaction to an Indian Bankaccount.
You should really think about earning some more cash before breaking your head, searching for an easy way to take out the money...
Good Luck,
Rick
pkalimuthu 474 posts - India - Joined Mar 07 2008
Rick has already covered most of the points. Thanks Rick! J
Nothing beats Payoneer when it comes to speed. About 6 months back, I opted for an immediate withdrawal (with extra charges, of course), I received the money in no time (it was only 2 minutes, rather than 2 hours). Additionally, Payoneer's customer service is excellent.
Paypal is good, but use it with care. I started using Paypal lately to compare it with Payoneer. I'm still cautious on using it on a regular basis, though.
Moneybookers, just search this forum for experiences from other providers.
Wire transfer is the costliest among all, but good to have this option when nothing works!
HTH.
tbarzeev 47 posts
Hi,
Tomer from Payoneer here.
We have many users in India getting paid to the Payoneer card.
If you live in India then Payoneer is probably the most cost effective payment method for you.
Please feel free to contact me if you have any questions also to tomer@payoneer.com.
thanks
--Tomer