Payoneer is not available for Indian residents. Alternatively they do have local bank transfer option where you can withdraw the amount from Upwork to your Payoneer account and from there you can withdraw it to your Indian bank. Works similar to Paypal. But their fees are higher than paypal.
As far as my experience, best way is to transfer the funds from Upwork to Paypal in USD and from there make a withdrawal in local currency INR.
Dont use Skrill.
Very pathetic customer service.
Once I made a withdrawal from Skrill to IDBI and the amount was in hold for almost 40 days by IDBI bank and they said 'Skrill is in Reserve bank's banned list'.
But I have asked RBI and they dont have any such ban on Skrill.
Anyhow, IDBI returned that amount back to Skrill, but it took almost 3 weeks for Skrill to re credit that amount.
They never ever replied to any our our queries. Also their withdrawal fee and currency conversions are tooooo high compared with others.
Don't ever go for Skrill.
If you have money in your paypal, either it will get automatically withdrawn to your bank account specified in the paypal account or you can do manual withdrawal. There is no fee for this. While initiating the withdrawal you can able to see the currency conversion rate.
I dont understand your question.
You dont know how to add your bank details?
For making withdrawals you can add your State Bank account with exact name as in your paypal & bank account along with your account number and IFSC code.
If you want to make purchases through your paypal account, as an Indian user you are not allowed to do through your paypal balance. Instead you can add your 3D secured debite / credit card with your paypal account and can make purchases using it.
Any amount in your paypal account will be either auto-debited to your bank account daily or you can initiate a withdrawal at any time.
Explained really well. Just one question.
Do we need to intimate bank (in India) or complete any formalities with the bank in order to receive funds, when we choose LFT method?