Hi Cristobal. If you have a USD savings account in Argentina, wouldn't it be more convenient to choose the Direct To Locak Bank option and then just buy USD and put them on your USD savings account? I have both accounts -pesos and USD- with Banco Macro. Upwork is giving me $2 less per USD than the bank would pay me, but still that's a lot less than the fees you are describing because for every 3000 USD I would be getting $6000 less and $6000 today equals 140 USD.
Please, let me know if my logic is right.
Everything depends on the amount you're planning to withdraw.
First, let's settle the equations:
Option 1: Getting paid in pesos and then buying dollars in Argentina.
(Amount - 1) * UpWork Dollar Price / Argentinian Dollars Buying Price
Option 2: Getting paid to PayPal, and then using Nubi.
Amount - (2 from UpWork's Withdrawal + Amount * 0.01 from Nubi +
IF(G4<=2000, 15, ...) from Nubi + 0.21 * IF(G4<=2000, 15, ...) from the IVA by Nubi)
* Where I left 3 dots, it's because Nubi will charge 15 USD more every 2000 USD, which is hard to clarify in an equation.
So, if you were to receive 50 USD from UpWork, you'd get:
- 45.13 USD in your USD savings account in Argentina, after using option 1.
You're left with the 90.26 % of the original amount.
- 29.35 USD in your USD savings account in Argentina, after using option 2.
You're left with the 58.70 % of the original amount.
But, if you were to wait until you have 2000 USD (Either in your UpWork or your PayPal balance), you'd get:
- 1,840.99 USD in your USD savings account in Argentina, after using option 1.
You're left with the 92.04 % of the original amount.
- 1,959.85 USD in your USD savings account in Argentina, after using option 2.
You're left with the 97.99 % of the original amount.
As you can see, the numbers really depend on the amounts to withdraw (Unless I got the math wrong).
Banco Rio.. 6 months ago
You can ask on upwork chat but when I asked that option it was not available. (intermediary)
Try to ask in Banco Rio Comex.... It can be entered in upwork form... maybe adding or removing zeros
I don't exactly remember it because I don't use it anymore.
But it can be entered in the fields upwork provides.
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