Withdrawal Methods
Payments Methods
Which payment method is right for me?
Managing your Payment Methods
Withdrawing Funds
USA Providers Only: Submit a W9 Form
All providers based in the United States must submit an IRS form W9, using either your SSN, or if you are the manager of an incorporated affiliate firm, your EIN/Tax ID #. Without a W9 form, you will not be able to withdraw funds from your account. oDesk does not withhold taxes, but you may still be responsible for paying Local, State, and/or Federal Income Tax. Consult a local tax professional for more information.
Please download the oDesk W9 Form and return it via email (billing@odesk.com) or fax (650-853-4103).
Payment Methods
oDesk providers have five choices for how to withdraw their earnings from oDesk
The oDesk Debit MasterCard, powered by Payoneer
The oDesk Debit MasterCard is a reloadable prepaid MasterCard that can be used to withdraw cash or make purchases anywhere MasterCard is accepted, worldwide. Withdrawals to your oDesk Debit MasterCard happen instantly, and are available on your card after 2 business days.
Learn more about the oDesk Debit Mastercard
PayPal
PayPal is a popular money transfer and payment system based in the US. It is convenient and cheap in countries that are well supported. In countries that are not supported by PayPal, withdrawing money withPayPal can be slow and expensive if allowed at all.
Moneybookers
Moneybookers is a closed-loop online money transfer system. It works similarly to PayPal, except with lower fees and much better support outside the United States. Withdrawals to your Moneybookers account happen instantly.
The oDesk Guide to Moneybookers
Wire Transfer
oDesk now offers wire transfer to all providers. Simply enter your bank information, taking care to get everything exactly right, including any correspondent and/or intermediary bank information your bank uses. Wire transfers are processed within 1-2 business days.
The oDesk Guide to Wire Transfers
ACH/Direct Deposit (United States bank account holders only)
ACH/Direct Deposit is the best way for US providers to receive funds, as it is free and convenient. Provide your checking account and ABA routing number, and we will send your money directly into your bank account. ACH transfers are processed within 1-2 business days.
Which Payment Method is right for me?
Read our guide to choosing a payment method
Managing your Payment Methods
1. Go to My oDesk -> the Billing & Payments -> Payment Methods to manage all of your payment methods.
2. This screen (shown below) will allow you to manage your payment methods.
Withdrawing Funds
Withdrawing funds from your oDesk account is completely self-service - your balance is NOT automatically transfered out of your account to any of the available withdrawal methods.
In the beige Team bar at the top of Billing & Payments, you will see your Balance and you Pending Credit. You may withdraw your entire balance or any other amount you'd like, up to your available balance (you may not withdraw from pending credits).
Select your payment method. The withdrawal fee will automatically populate, and at the bottom you will see the net amount that will be transferred to the payment account you selected.
Click "Withdraw" to submit your request. Once you click Withdraw, the transaction cannot be undone!
Your withdraw request will be submitted immediately, and will be processed as follows:
- Moneybookers: Transfers happen instantly
- PayPal: Transfers happen instantly
- oDesk Debit MasterCard (Payoneer): The funds will become available on your cardafter two (2)business days
- ACH: Your transfer will be processed within 1-2 business days. Depending on your bank, the funds will hit your checking account 1 to 5 business days later.
-
Wire Transfer: Your transfer will be processed within 1-2 business days. Depending on your country and bank, the funds will hit your bank account anywhere from immediately to several business days later