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Currencies and payouts

Currencies available for balances and payments

Valeriy avatar
Written by Valeriy
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.

  • 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

Starting June 20, 2024 we have updated the USD/RUB and EUR/RUB conversion rules. This is due to the latest US sanctions.

  • Before: Daily updates to conversion rates based on the official rates of the the Bank of Russia, +/- 1.5% spread.

  • Now: Manually set conversion rates based on partner banks' exchange rates. The rate will update daily, at around 00:00 UTC.

Learn more about conversion rate here

For the currency pair EUR/USD Solar Staff applies an internal conversion rate that's calculated as the official rate of the European Central Bank at the previous business day ± a 1.5% spread. Solar Staff applies the forex spread to official exchange rates for the sole purpose of offsetting its losses on exchanging currencies at the partner banks' rates.

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

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