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mwaqasshah
Community Member

Does Upwork take $30 withdrawal fee for processing/making the transfer or it's bank fee?

Does Upwork take $30 withdrawal fee for processing/making the transfer or it's intermediary bank fee for wire transfer ?

8 REPLIES 8
g_vasilevski
Retired Team Member
Retired Team Member

Hi Waqas,

Your right the fee is $30,  check out this Help Article for more details on non-US wire transfers.

~ Goran
Upwork

I didn't understand I'm right about what?
Could you please clarify?
Who takes $30, Upwork or the bank ?

Hi Waqas,

Upwork's withdrawal fee when sending funds via wire transfer is $30 per withdrawal.

~ Goran
Upwork

That's what already know that Upwork takes $30 fee when sending funds. But I want to know that does Upwork keeps it or gives it to the bank as a fee for wire transfer.

I've recently withdrawn from another platform and they also took $30 fee but that was it.

What do you mean? Which part of “Upwork pays the bank fee for the wire transfer to the bank, and charges you $ 30) is so difficult to understand?


@Waqas S wrote:
I didn't understand I'm right about what?
Could you please clarify?
Who takes $30, Upwork or the bank ?

The bank charges Upwork, Upwork charges you.

Your profile picture needs changing, it has to have only you in it, and be a close up that clearly shows your face. 

Could anybody please confirm not on words and general logic, but based on User Agreement documentary, WHO is the receiver of Withdrawal Fee $30?

It is important to have documented rules in User Agreement about this Withdrawal Fee receiver for local taxes.

The sutiation is that taxes accounting for Tax Department is based on User Agreement document between freelancer and Upwork, not on words in forums discussions, and they require to give them document from my side (Upwork User Agreement) with clear answer in it who is this fee receiver.

But unfortunately, User Agreement does not have this answer. But local Tax Department required from me to have it...

 

Hi Nadezhda,

 

Apologies for the late follow up on your question. We can confirm that withdrawal fee payments are made to Upwork as noted in the User Agreement, in the 4.1 ESCROW ACCOUNTS article: "Upwork Escrow provides escrow services to Users to deliver, hold, or receive payment for an Engagement, and to pay service, membership and payment processing and administration fees to Upwork"

~ Vladimir
Upwork
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