I live in Pakistan and I am new to upwork. Can someone please let me the pros and cons of setting up my payment method for a local bank in Pakistan or payoneer. Brief out which one is better?
Thank you for reaching out and welcome to Upwork! Direct to local Bank is Upwork’s version of direct deposit, and we’ve designed it to be as simple and safe as possible. If you live outside the U.S. or India, another option is Payoneer. Please feel free to check each article to be more acquainted with how the procedures work by adding either option as a payment method. Then you'll be the judge of which one best works for you. Let me know if you need further assistance.
Actually I wanted to know which of the mehtods I mentioned would result it the least amount of deduction and is the quickest and safest for me who lives in Pakistan.
The Form W-8BEN is a form used to confirm you’re not a U.S. taxpayer and that Upwork is not required to withhold taxes from your earnings. For record-keeping purposes, Upwork requires a Form W-8BEN for all non-U.S. taxpayers paid on Upwork. Once you file your Form W-8BEN, the system will activate your eligibility to access funds immediately.
You can check this article for more information.