oDesk is a company with a global job marketplace and a series of tools targeted at businesses that intend to hire and manage remote workers. Based in Redwood City, CA, oDesk was founded in 2003.
Why with oDesk?
oDesk is the largest among a number of companies, including Elance, Freelancer, Guru and vWorker (formerly Rent A Coder), that create marketplaces in which independent contractors and their clients can contact one another. These sites often manage the payments, and make money by charging membership fees and/or take a cut of the payment.
oDesk Payment Methods:
There are five methods to receive Your payment from Odesk.I have described about this list according to what I deem to be more cost-effective for any Providers.The information presented here are sourced from the oDesk Help Center.
1.Paypal:
Providers in most countries can register with PayPal – however, most countries Are not supported for withdrawals from PayPal to your
bank account. Before activating PayPal withdrawals to your @o-desk.com email address, please check that your country is supported. Even amongst supported countries, features and feesvary widely.
2.oDesk Debit MasterCard:
oDesk Debit MasterCard is a fully-functioning, reloadable debit card powered by Payoneer. They issue you a card with your name on it, and mail it to you. After you transfer your earnings from oDesk to your card, you can withdraw funds at any ATM with a MasterCard symbol, anywhere in the world.
3.Moneybookers:
Moneybookers is an international e-wallet system based in the UK. When you receive a payment via Moneybookers, your Moneybookers account is instantly credited with the payment amount. You can then withdraw your money out of Moneybookers directly into your bank account, onto a credit card, or in some countries.
Wire transfers are a well-established way to transfer funds from bank-to-bank across international borders. Most international wire transfers today use the SWIFT system.Wire transfers are fast and reliable.
5.Direct Deposit/ACH:
ACH stands for Automated Clearing House, a network for electronic financial transactions that allows for transfers to any US bank account. Many banks refer to incoming ACH transfers as “Direct Deposit”.Free payments. For US bank accounts only.
oDesk allows clients to create online workteams coordinated and paid through the company's proprietary software and website.The name is a short version of "online desk"[5] in reference to the company's intent to enable anyone to work anywhere, anytime. Prospective clients can post jobs for free, and freelance workers may create profiles and bid on jobs, also for free.[3] The company collects 10 percent of the payment.
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