After receiving payments, you can
either use them online or withdraw them to your local banking account. Now
there are few options available for you to withdraw your money in every
freelancing website. Talking about oDesk, they give us the following ways to
withdraw our money,
- PayPal
- Moneybookers(Skrill)
- Payoneer Master Card
- Wire Transfer(USD)
- Wire Transfer(PKR)
Now the question is which one is
best for us to withdraw money in Pakistan? Unfortunately PayPal isn’t available
in Pakistan; otherwise PayPal is good for those who wish to use their money
online for shopping purposes as payment via PayPal option is available in
almost every online shopping website. Moneybookers which is now known as Skrill
is a good option for those who want to withdraw their money to their local
banking account in minimal withdrawal fees, but your money takes almost 7-10
days to reach your local banking account. Unfortunately Skrill don’t offer any
means to keep track of our withdrawal. Talking about my own experience with
Skrill, first payment took much longer time to reach my bank account almost 20
days. There are many rumors on net, that either Moneybookers (Skrill) payments
never reach your bank account – it just stuck somewhere in between, or they
deduct much more amount from the payment as mentioned in their withdrawal fees.
Actually the solution to former problem is just to wait wait and wait, actually
Skrill don’t have good customer support and they don’t help us much rectify the
issues. Actually the later problem is that some intermediary bank deducts your
payment for routing it, in short Moneybookers is not so much reliable for withdrawing
money in Pakistan. Now Payoneer Debit card method is good for those who want
their payments available immediately but the problem with this method is that
their withdrawal fee is very high also activation fee is required which is
almost $50.
At last but not least the wire transfer method, it’s the best
method I have experienced. It gives both less withdrawal fees as well as
minimal transaction time. Moreover oDesk wire transfer helps us keep track of
our payments, even then if our payments don’t reach our bank accounts they got
reverted back to our oDesk account. Wire Transfer are further divided into PKR
and USD wire transfer. Now a days PKR wire transfer is closed for few days but
hopefully it will be opened very soon, till then you can use USD wire transfer.
For that you’ll need a foreign currency account which can be easily opened in
any bank. In short, Wire Transfer is best method from all mentioned above. I am
having a good experience with both PKR and USD wire transfers, so I ‘ll suggest
you all to go for wire transfers.