VirtueTeam delivers an immediate, cost-effective and flexible way to hire, manage and pay independent professionals and contractors online.
VirtueTeam makes money when the work is delivered and payments are made through VirtueTeam. When clients make payments to their service provider(s), Virtueteam deducts from each payment, transferring the remaining amount directly to the service provider’s Account. In addition, there is no any activation fee to set up an Employer account.
The Service Fee is VirtueTeam’s earned commission 20% of payments made to providers for work delivered (this includes VirtueTeam's fee and Payment Processing costs charged by credit cards and banks).
The Service Fee varies as follows:
15% - Service Fee
5% - Payment Processing Costs
When providers receive payments, there are several options for withdrawing funds. Below is a table which shows the fees associated with each withdrawal method:
|Wire Transfer||Not Available||Unlimited Withdrawals|
|Bank Transfer||Free, Unlimited Withdrawals||Not Available|
Withdrawal can be submitted any time during the month that will be processed on every last date of Month so as to credit in next 10 days.
Your best option is to withdraw to your Bank account.If these are not good options for you, you can request that we mail a paper check in the INDIA. We also provide Wire Transfer out side India.
Withdrawal by check/wire transfer:
To withdraw funds by check, log into your account and follow the steps below:
*Cancelled Check policy:
It is important that you provide the correct address information. VirtueTeam.com charges $10 per canceled check if you request stop payment.
Note: There is a $50 withdrawal minimum
For withdrawals associated with suspected transactions or fraudulence, duration for review might be extended at VirtueTeam' discretion and only be processed upon completion of clarification procedure.