Summary of Reddit Comments on Deel Payment

Deel Account Setup and Payment Receiving

• Users mentioned setting up a Deel account without submitting certain information and still being able to receive payments through payment methods like BPI and GCash.
• KYC verification and submission of a selfie and government ID were part of the usual process for setting up a Deel account.
• Payment outside UW (Upwork) is against the Terms of Service and can result in a permanent ban.

Payoneer

• Payoneer is not recommended for payments related to Deel.

Currency Transfer and Withdrawal Options

• Different modes of transfer have varying processing times and charges.
• Transfer via Wise for PKR is instantaneous, while using SWIFT for USD transfers to Pakistan takes about 4-5 days with charges varying based on the amount.
• Users inquired about the deduction of fees by Deel and banks for withdrawal in USD.
• Certain withdrawal options from Deel may be considered as foreign remittance, subject to a 1% tax for freelancers.
• There was a discussion about the need for crypto payments in certain situations.

Revolut Account and Money Transfer

• Caution was advised against using a sister's account to receive payments, as it could lead to investigations and potential closure of the account.
• Users suggested opening an individual Revolut account for receiving payments to avoid suspicions of money mule activities.
• Receiving salary in USD raised questions related to financial compliance and money laundering concerns.
• Opening an account in one's name is recommended for legitimate payment transactions.
• Users pointed out the risks of using Revolut for potentially suspicious financial activities.

Miscellaneous

• Enforcement actions by financial platforms like Revolut were mentioned for suspicious activities.
• Users shared insights into the consequences of engaging in financial crimes or suspicious transactions.
• The importance of adhering to financial regulations and avoiding activities that may raise red flags on platforms like Revolut was emphasized.

This summary highlights key insights and advice from Reddit comments related to Deel payments, Payoneer, currency transfer methods, and compliance with financial regulations when receiving payments through platforms like Revolut.