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Guru - Payment Methods and Mechanisms
(Page 3 of 3)
Guru supports a wider range of withdrawal
methods than many of its competitors:
- Paper Check: Guru still offers good, old-fashioned
snail mail checks, and even sends them overseas. This takes up to one
week for receipt in the U.S., as many as three weeks in other countries.
- Direct Deposit: American freelancers can
register a bank account with Guru and have funds deposited directly at
no charge. This takes two business days from the day the transaction
- Bank Transfer: This is supported only outside
the U.S. and takes up to four days.
- PayPal: This option is available in all
countries supported by PayPal.
- Guru Prepaid MasterCard: This card is implemented
via Payoneer, and is an option in all countries where Payoneer does business.
The direct deposit and bank transfer
options complement each other nicely. Direct deposit is commonly done
by companies paying individuals in the U.S., while wire transfers to
individuals are both expensive and unpopular in this country, yet common
outside the U.S.
Withdrawal Policies and Fees
Guru has a somewhat odd schedule for
processing withdrawals: it generally handles requests only on Monday,
Wednesday and Friday, excepting holidays. Paper checks are only processed
once per week, on Friday.
Withdrawal fees depend on the method
chosen. Paper checks cost $3 each, while bank transfers cost $9. Direct
deposit within the U.S. is free. Guru does not charge for Paypal or Payoneer
requests, but those companies may impose their own fees.
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The Online Freelancing Guide (http://www.FreelancingGuide.net)
Last Site Update: February 1, 2012
© Copyright 2001-2012 Charles M. Kozierok. All Rights Reserved.
Not responsible for any loss resulting from the use of this site.