Withdrawal & currency exchange

[mhatia]

Well I have a question as am new here. I’ve finished a gig and after two weeks the funds have been cleared. I can see on the side of my profile it mentions X amount in euro but when I go for redraw the amount I receive is about 9-10 euros less? Anyone can shed some light on this?

[english_voice]

It’s likely to be some form of exchange rate fee / commission charge.

Are you using PayPal? You will face PayPal fees and their relatively poor exchange rate.

Many people say that Payoneer offers a better rate, but you will still pay a fee.

Even direct bank transfer involves an exchange rate which will no doubt reduce the amount you receive.

For example, as a UK based freelancer I use PayPal but lose 9% of my earnings in fees.

[mhatia]

It’s likely to be some form of exchange rate fee / commission charge.

Are you using PayPal? You will face PayPal fees and their relatively poor exchange rate.

Many people say that Payoneer offers a better rate, but you will still pay a fee.

Even direct bank transfer involves an exchange rate which will no doubt reduce the amount you receive.

For example, as a UK based freelancer I use PayPal but lose 9% of my earnings in fees.

Thank you fir your reply

I tried but options before even withdrawing on both it will be about 10% less in euro… i suppose i would have to transfee in as the amount earned atleast stays the same. Have you had an experience transfering it in to your bank account?