Went back to my oDesk account the other day after a long, long time. They have added an option for Wire Transfers now. For a moment I was excited. Yipppeeee … no more signing up for Payoneer and waiting forever to receive the card. No more setting up Skrill (formerly Moneybookers). I quickly went on and set up my account only to find out oDesk charged $30 per withdrawal via Wire Transfer. WHAT THE HELL! So the portal charges 10% of the withdrawal amount and then another $30 for the transaction and then another $4.99 as currency conversion fee. It’s ridiculous considering most of the tasks pay $1/hr and the fixed price projects are like $4 an article (for example). I can write about 5 500 word articles a day so let’s say I have a good month and write 5 articles every day for 30 days that would come to around 150 articles and a total earning of $600. oDesk subtracts their 10% and another $34.99 for the transaction and that leaves me with $505.
So for a whole month worth of work I get what? Only $505!!! Recently an SEO client-turned-friend from the US said the low rates were the fault of the contractors. They bid so low in order to get a job it makes the rates so pathetically low. It’s sad how the low employment rate in our country and in others like Philippines and India forces people to work for peanuts. I know how hard it is to get work on these portals and maintaining a good rating. There are predators out there that will hire you for pennies, give you an impossible task (25 articles 500 words each in 3 days) and when you deliver they will still bug you over the money threatening to give you a bad rating if you complain to the admins. It has happened to me so I know what I am talking about. And if it comes to the worse and you do go to the admins, chances are they will side with the buyer. So what options do online workers have?
What has your experience been like using these portals both as clients and service-providers? I know you will never comment coz you are probably here looking for info on “honesty and generosity” as per my stats. But miracles happen. Which reminds me of MJ … :'( “And I believe in miracles, and a miracle’s gonna happen tonite … ”