oDesk Payment Methods: How to Receive Your Earnings?

4 Mar
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Every time I convince anyone to work online, the first common question I received is “How will I get  paid?” I understand that they just want to ensure that their hardwork will not be wasted. oDesk offers several payment methods so you can choose the most convenient way to receive your earnings.

oDesk payment methods

oDesk payment methods

Local Funds Transfer is the most recommended payment method for contractors living in the Philippines. You can get your earnings directly to your bank account using this payment method and it is the one with lesser fees. You need your bank’s code or BRSTN code when setting up your bank details in oDesk.

If you’re going to ask if what is the best bank to use, I suggest BPI or BDO because these two don’t have any charges when receiving payments from oDesk. Other banks deduct Php 50 to Php 200 bank fees and this amount is a big loss to your earnings.

Paypal is also good to use and many contractors are using this to receive their money from oDesk. You can receive your money faster using Paypal than Local Funds Transfer. The disadvantage is the Exchange Rate on Paypal is lower than usual. It is only good for those contractors who badly needed their money urgently.

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5 Responses to “oDesk Payment Methods: How to Receive Your Earnings?”

  1. msshadygrey April 3, 2013 at 6:16 PM #

    Hi Sha, I’m kinda interested in working from home. I already have a full-time office job, however, being a single mother – an additional source of income is too good too pass. Have you been working from for a long time? Can you give me some tips on how to start if it’s not too much?

  2. ellys May 26, 2013 at 3:54 PM #

    How about in indonesia? Which the best payment method suggestion if im living in indonesia? Thank you

  3. cara December 3, 2013 at 7:47 PM #

    is it possible to withdraw oDesk earnings using RCBC mywallet?

  4. Kris June 4, 2014 at 9:52 PM #

    Hi I am starting to work in Odesk. This is a first time please educate me in mode of payment. Thank you!

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