For non-USD, EUR, GBP, and AUD contracts
When contracts are in currencies other than USD, EUR, GBP, and AUD, contractors will not incur any transfer fees when withdrawing funds to their local bank account in the respective currency.
For USD, EUR, GBP, and AUD contracts
When contracts are in USD, EUR, GBP, and AUD, contractors will be subject to transfer fees when withdrawing funds, which will vary based on their bank account currency and country. As a client, you now have the option to enable the feature Client will take in-charge the transfer fees, allowing you to pre-pay for these fees.
Here's how to do it:
Navigate to the Contact details page.
Select the Settings tab and locate and switch on the toggle labeled Client will take in-charge the transfer fees.*
When this feature is activated, the transfer fee will be automatically calculated using the contractor's default account on file, and it will be included during the payment steps.
⚠️ Note
It is highly recommended to create contracts in the contractor's local currency to ensure they receive their full payments without any deductions.
USD SWIFT transfers might carry extra fees by intermediary banks Read more