However, people with their bank in an international country, like in the Caribbean, tend to find the transfer rate to be high, when compared with others. One benefit of using Paypal is the lack of a money transfer fee once the users sends funds to a bank within the in the United States of America. Thus, you will have to choose what works best for you. Otherwise, every platform has its advantages and disadvantages. In some instances, your money retrieval options may have a transfer fee. What is the best online, money transaction platform?Įach money transaction option varies from situation to situation. The requirements vary from platform to platform, the common requests are for proof of identification, proof of address, and, sometimes, a request for a selfie image.Īn example of proof of address is a bill in your name, like a utility bill.Įxamples of requested proof of identification documents are passports or your National Identification Card. This is because online space are increasingly stricter in their efforts to protect users privacy and ensure money transactions are legally conducted.Īs a result, online platforms will request images and/or pdf files of documents that verify our identifications. We will all find that conducting any online monetary transaction these days, are becoming increasingly challenging, especially if you are trying to access payments from a site. What documents will I need to provide when setting up my virtual money transfer account? I have discovered that some platforms do not give you an option and you may end up using a high fee avenue or a less popular means, like Bitsafe. If you reside in what is call an international country, for example, I live in Jamaica, the alternative options I have found include transferring funds through Western Union or Money Gram.Ī vital point to note though, is that the options are greatly dependent on the platform that you are using to receive your payment. Two popular, virtual money transaction platforms that I have found are Paypal and Payoneer. Some platforms, like Fiverr, accommodate direct money transfer to your bank account, in addition to other online platforms, but, for a fee. However, in reality, there are a variety of options from which you can choose. When you work online as a freelancer, you will find that freelancing platforms like Upwork and Fiverr give you limited options for transferring your payments from their platform to your pocket. To ease your concerns, we will look a some frequently asked questions about accessing online payments.Ĥ frequently asked questions about accessing online payments are: 1. Through my experiences working online, I have learned about a variety of platforms that offer safe and quick access to online payments. One of the greatest concerns expressed by persons interested in working online is their uncertainty about accessing online job payments.
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