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Payment method Argentina

Frequent Visitor
Luciana E Member Since: Feb 14, 2017

Hi to all argentinos!

I´m new here and I haven´t set my payment method yet, from what I read everybody was using payoneer as it was the best way. But now I saw another option: Direct to Local Bank (ARS) . What do you think? has anyone tried it?

My concern is how much the local bank will take from it and who is doing the deposit, is it a local transation? (it says that is in pesos)

 

Thanks!

 

Moderator
Vladimir G Moderator Member Since: Oct 31, 2014

Hi Luciana,

 

Welcome to Upwork! Hopefully other freelancer from your country will follow up with more local information. Regarding Direct to Local Bank option, Upwork charges $0.99 per withdrawal and the currency conversion will be performed by Upwork’s bank. You can check with your bank if they would charge any incoming fees. If you opt for DLB transfers, once your payment method is activated you'll be able to see the last used conversion rate for your currency once you navigate to the “Get Paid Now” page and select DLB as a withdrawal option.

Active Member
Nicolas Z Member Since: Mar 26, 2017

Hi Vladimir,

 

I hope you can answer this. I need to bill someone for services rendered in order not to incurr in illegal activity (getting paid and not being able to justify where the funds come from might result in very inconvenient fines). Every time I receive a payment from you someone goes to the bank and makes a manual deposit to my account. I don't know who that is. You don't have a tax ID in Argentina. I was told by a support agent that you transfer the money through Transfast, but they don't have a tax ID either.

 

Who am I supposed to bill?

 

Thanks.

Moderator
Valeria K Moderator Member Since: Mar 6, 2014

Nicolas,

 

You can use invoices you can access in your Transaction History and Earnings By Client reports to report your earnings from Upwork clients. You may need to consult with a local tax specialist regarding proper ways to report your freelance income

~ Valeria
Untitled
Active Member
Julio G Member Since: Jun 22, 2015

Hola a todos

 

**Edited for Community Guidelines**

Moderator
Vladimir G Moderator Member Since: Oct 31, 2014

Hi Julio,

 

I've edited your post and would like to invite you to repost it in English, the only language users are advised to use when posting in the Community.

 

Thank you.

Active Member
Julio G Member Since: Jun 22, 2015

Hi!

 

I already do two witdraws to a my Santander Río bank account and works excellent.

 

The process take 2 business days to me and I get the money with a good exchange rate: $15.5926 ARS/USD for a test of only 50USD. The bank do not charge me any extra fee.

 

I also use Payonner. This have the advantage to give you a credit card (I use it for some payments), but the withdraw to bank account exchange rate are around 50 cents under the official exchange rate. Also you can go to an ATM and get the money, but since is an foreign card, Banelco charges you 6USD and do not allow extraction of more than $2000.

 

Regarding accounting, I read something about Factura E. This information is valid for Monotributistas: with this kind of withdraws (Upwork or Payonneer) you don't need Factura E. Just need to create a standard Factura C to "Consumidor Final". AFIP allow create paper Factura C to consumidor final without any amount limit and this is valid for any Monotributo category.

 

Hope the information helps you.

 

Regards,
Julio.

 

Frequent Visitor
Leonardo S Member Since: Jan 25, 2017

Hi,

 

I wanted to know if anyone has had any success sending a wire transfer to Banco Galicia. 

 

I tried to add my account and I received the following message:

 

"Thank you for applying for Local Currency Wire. Unfortunately, this bank is not currently supported. Please select another withdrawal option."

 

I used the 8 digit SWIFT code that belongs to the parent bank. Should I request one assigned to my specific branch or Galicia is still unsupported? Does anyone know what banks are available for wire transfers in Argentina?

 

Thanks in advance,

 

Leo S.

Active Member
Sabrina L Member Since: Jul 26, 2017

Hi Leonardo!

 

Im trying to do the same thing, How it was it? Were you able to do it?

 

Thanks!

Frequent Visitor
Luciana E Member Since: Feb 14, 2017

Hi Julio!

Thanks a lot for sharing that, I also have Santander Río so It´s great to knowing your experience.

Now that you talk about Factura C, I´m wondering when you do the Direct to local Bank transfer with Upwork, are you putting any names (or social reasons jaja) in the factura? in that case, who? your client or upwork?. Do you make the factura in pesos or dollars?

 

Again, thanks a lot for your info!

 

Cheers

 

Luciana

 

 

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