FAQ: Why can’t I withdraw my full £ GBP balance from Freelancer.com?

11 03 2011

Until recently, Freelancer.com only operated in US dollars, but with the company’s acquisition of various smaller freelancing sites around the world, it’s now possible to do business in other currencies including British pounds, Australian dollars and euros. This is great news for users of the site who don’t use US dollars in their home country, as it reduces the effect of fluctuating exchange rates and minimises conversion fees when withdrawing to PayPal or Moneybookers.

I recently completed my first project in British pounds, but hit a stumbling block when I tried to withdraw the funds from my Freelancer account to PayPal. I had £45 in my account, but when I requested to withdraw £45, an error message flashed up on screen saying, “ERRORS OCCURED – Withdrawal amount cannot be more than overall balance”. Huh?

Although Freelancer takes a £1 fee for PayPal withdrawals, this is usually deducted after you have requested the balance, i.e. you request to withdraw £45 and you receive £44 in your PayPal account. If I entered an amount of £44, this was accepted, but after the £1 fee, this would leave me with an amount of £1 in my account.That’s my pound! I want it!

I queried this situation with Freelancer Support and for once I received a straight answer! Helpful Shane said, “It appears that there is a bug in our system caused by the rounding of fees.” To remedy this situation, Helpful Shane deposited 1p into my account, making my balance £45.01, which has now allowed me to withdraw the full £45 that I earned. Hurrah!

I’m not sure if this happens if you try to request a withdrawal in other currencies, or if the same thing happens if you use Moneybookers or another withdrawal method, but if you’ve experienced the same thing, please leave a comment here to help and advise others. If this happens to you, contact Freelancer Support (customer-support@freelancer.com) and they will be able to help you. An engineering team are allegedly working to fix this problem so hopefully it won’t be an issue for too much longer.

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