Currencies and payouts

Currencies available for balances and payments

Elena avatar
Written by Elena
Updated over a week ago

You can withdraw money only after one of the three balances (EUR, USD, or RUB) has been funded.

Balance funding

Payment for works or services is credited to the freelancer's balance when the task has been paid for and its status has changed to "Paid." The money arrives in the currency of the task. You need to withdraw funds from each balance for each currency separately. You can't make transfers between differently denominated balances.

Withdrawal currencies

  • Withdrawals can be made from any balance, but there may be restrictions on the payment currency imposed by the payment system or Solar Staff's partner banks, or arising from Offer Agreements falling outside of the European financial and legal jurisdiction. For example, when it comes within "HK jurisdiction" only ruble withdrawals are possible and only to Russian payment methods. To learn more about jurisdictions of tasks for Russian freelancers, see here.

  • Upon withdrawal, the freelancer can choose the payment currency from those available for the selected payment method. If the payment currency differs from that of the balance, the amount undergoes automatic conversion.

  • Euro-denominated withdrawals to crypto wallets are converted into USDT. The conversion is done using the payment partner's rate, which is shown on withdrawal confirmation and updated every 60 seconds.

Important! Withdrawal commission is applied to the resulting payment amount after the conversion. Read in more detail in the correspondent article.

Payment methods and applicable currencies

Payment method

Payment currency

WebMoney (WMZ)

USD

Crypto wallet

EUR
(payment partner converts EUR into USDT)

Russian individual entrepreneur's bank account

RUB

European bank account

SEPA payments

EUR

Bank accounts in 29 countries

USD

(the bank converts USD into the national currency)

VISA, Mastercard

  • EUR, USD (banks of any country except Russia)

  • RUB (banks of Russia, Belarus, Kazakhstan, Armenia, Georgia, Uzbekistan, Azerbaijan, Kyrgyzstan and Tajikistan)

Conversion rate

Solar Staff applies an internal conversion rate that's calculated as the official rate of the European Central Bank / Bank of Russia ± a 1.5% spread. The current conversion rate is displayed at the right side of the Finances section and in the pop-up window upon withdrawal.

Got questions? Contact Solar Staff support via online chat or at [email protected].

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