Everyone wants to freelance, work with foreign clients, and earn dollars, which is not a bad deal. The problem comes when you have completed a series of jobs but don’t know how to get your money. Many struggles on the platform while others pay to get additional benefits, and you’d want to get your investment back. The issue isn’t just about withdrawing your earnings but getting the best payment platform and how to use them properly. One of the popular payment methods this particular platform offers to freelancers is PayPal, and you can use it for withdrawals. So, let us go through the benefits and procedures of making your withdrawals Upwork with PayPal after completing jobs.
Here is Why Consider Getting Your Upwork Withdrawals with PayPal
Upwork stands as one of the top-ranking freelance platforms with various jobs and opportunities to earn more. On the other hand, PayPal is ranked among the best payment platforms you can use for withdrawals. You are guaranteed to have your earnings get to you via the integration of these two brands, which is safe. It is also a better choice if you use PayPal for several transactions regardless of the reason. However, there are things that you should note when prioritizing Upwork withdrawals with PayPal over other payment platforms.
Things to Consider Before Making Upwork Withdrawals with PayPal
PayPal is an excellent payment method to use when trying to withdraw your earnings, but there are some setbacks. Firstly, you need to keep yourself aware that the platform has a fee they charge for every withdrawal. The cost varies for each withdrawal method that is made available to users giving you a range to make selections. PayPal also has some fees for transactions you make with their platform, which vary with destination accounts. These fees are not connected, meaning each one you pay for a platform is independent of the other. You can schedule your withdrawals, but you must know that the fees will be deducted according to your scheduled choice. Also, you might need to consider location as withdrawal services aren’t available in many countries.
5 Helpful Rules To Integrate Your Upwork Withdrawals with PayPal
Receiving your earnings with your account on this payment method account isn’t something that is technical, but there are specific rules to follow. These rules stand as a safety mechanism to avoid encountering issues with your accounts later. Let’s go over the rules that you need to follow when adding the platform as your preferred billing method:
Use/Get a Verified Account
When considering your billing methods for withdrawals, the first rule is your account verification. Upwork will not remit your earnings to an account that has not been verified, regardless of your reason. You also can’t withdraw to your account if you don’t have one since your details must match on both accounts. You will need to link your card to the platform as you work on your verification since the platform requires it. It takes quite a while before getting your account verified, so you will need to wait after the application.
Activate the Billing Agreement
You will need to activate a billing agreement when trying to integrate your Upwork withdrawals with PayPal. A billing agreement is one of the essential requirements that you need to sign when linking your account with Upwork. Neither will process your funds if this requirement isn’t satisfied, and your earnings will remain out of your reach. The Agreement stands as a policy similar to your standard terms and conditions but will include some common rules. There is not much left to do when linking your account once you sign this billing agreement.
Use a Business Account Only
While there are different categories of accounts, from personal to student and business, so each has its limits and benefits. However, Upwork does not support adding a student-based account as a billing method on the platform. You will need to use a business account to link appropriately and avoid losing your earnings halfway. Once you have created your business account and signed the billing agreement, you will be able to successfully link it. There is one last rule you need to satisfy before you consider the completion of your linking procedure.
Pay Attention to the Payment Methods
Most platforms will require you to set up a backup system for either your passwords or documents for safekeeping. Upwork requires you to set up your account with a primary payment method and a backup method to add. It helps you get your earnings via a different channel in cases where you compromise your preferred account. Sometimes, might compromise your account due to policy violations or to prevent hackers from accessing your funds. These methods will be your solution to avoid any related issues when moving your earnings between both platforms.
How to Activate Upwork Withdrawals with PayPal
Adding a preferred payment method is not a process that is too hard as both platforms have made it very easy. The remaining process is straightforward once you have satisfied the rules proposed in the above list. You just need to visit your setting in your account and check out your billing methods right there. Once you do that, you will see the PayPal sector, so you just need to add that method for your withdrawals.
Final Thoughts Different people have their choices when it comes to withdrawing their earnings from freelance platforms, but each has its restrictions. Here is a pretty good platform, but it also has limitations, but it might be your best choice compared to others. If you are considering Upwork withdrawals with PayPal, you need to determine if the fee they charge is affordable. It would be best to pick another payment method if the cost seems too much or you face restrictions. However, it isn’t available for use in every country, so you might need to find another billing method in that situation.