Top 7 Payment Methods For Freelancers in 2021
Choose the one that suits you best
When you are a freelancer, not every company is just going to accept your payment method. Even if the client accepts it, it doesn’t mean that it is perfect for your business model.
We need to find the right payment method that best suits our business model and has its own set of advantages/disadvantages. There are many different features available in each payment method and we need to find the one which has its own advantages over others for our business.
Apart from the general payment methods like PayPal, credit card, and bank transfer, many more payment methods are available.
Freelancers are often confused about the different ways of getting paid. This article will help you differentiate between the methods of payment and how to choose the best one for you.
Let us see it in detail.
How to choose the best payment method for your freelancing
Digital technologies have made it easier to earn money. Nowadays, people can make money online by freelancing and getting paid for their services. But some people have a problem in choosing the right payment method.
When choosing the payment method, make sure the service charge they take for every transaction, if it is under your budget sign up for it, or else it is good to move on to the better payment method.
Personally speaking, I have been using Paypal and stripe both are very prompt, and the customer service is also amazing. Having these things in mind, choose the payment method that suits you.
#1.PayPal
The top payment method that works for freelancers and creatives is PayPal. PayPal has been a reliable payment system that has helped thousands of freelancers and creatives be paid through their online shop, blog, product catalog, and more. With PayPal, you can get paid instantly and safely without waiting for the payment to appear in your account. It’s an instant and safe way to get paid online.
Supported countries list: You can check here for Paypal-supported countries.
#2. Google Pay
Google Pay is an application that allows you to make payments online on your mobile phone. It provides a payment service at your fingertips.
Google Pay is an important payment method for freelancers. It allows you to choose your payment method (credit or debit card) when you are paying a small amount of money for services you provide to others.
It is a peer-to-peer digital payments platform that allows you to pay anyone anywhere without a credit card or bank account. This means that you can pay in any way you want! The only requirement is that the person receiving your payment must have a physical credit card or bank account to get paid.
The rise of Google Pay has created a huge market for freelancers. Many companies are now using it as a payment platform to get paid as a freelancer. It is very convenient and easy to use.
Supported countries list: You can check the list here.
#3.Escrow
The Escrow Payment method is the latest payment system that we are talking about. It works with a variety of currencies such as BTC, ETH, LTC, and DOGE, and many more. So it can be used to pay freelancers based on any type of currency.
It can be used to pay freelance writers and artists through the digital payments gateway platform.
Supported countries list: You can check the list here.
#4.Western Union
Western Union is one of the most popular payment methods used by freelancers and small businesses across the globe. They are a reliable, safe, and secure way to send money from one bank account to another.
Using Western Union to send money is one of the most common payment methods in the world. These days, you can even get paid while you are traveling across different countries.
Western Union is a well-established international money transfer company. It provides money transfers across the world via the Internet.
Western Union is one of the world’s largest money transfer companies. It has 200 partner banks, which allows it to offer instant currency conversions across over 200 countries.
Supported countries list: You can check the list here.
#5.Stripe
Stripe is a web-based payment processor which can be used to accept payments from clients and customers. The company powers more than 1 million businesses worldwide and has over 20 million customers in the United States alone.
The company wants to democratize the way users can get paid, and they have developed a secure technology to allow anyone to use their services.
It is another important payment method that’s gaining the attention of freelancers in recent times.
Supported countries list: You can check the list here.
#6.Payoneer
Payoneer is a global payment provider with a strong footprint in the financial services industry. The company has helped thousands of freelancers to grow their business and earn income from their passion.
The Payoneer platform is a robust and flexible solution for payments across many channels. With Payoneer, you can do businesses on the internet with ease and confidence.
Supported countries list: You can check the list here.
#7. Wise (Previously TransferWise)
Wise is a popular payment method for transferring money across Europe, and it is used by freelancers all over the world. It is a great alternative to PayPal when we want to send money to someone abroad, Wise offers high-quality services such as money transfer and international money transfer that can be used at any time throughout the year.
It is used by freelancers all over the world and it has proven itself to be very reliable in the past.
Supported countries list: You can check the list here.
Final Thoughts
When you want to find a freelancing job or work as a freelancer, you need to get familiar with payment methods. You may want to focus on one payment method for a while and then switch back to another. This is because the different payment methods will have their own benefits and drawbacks.
Cryptocurrency is the new generation of money. It is one of the most popular forms of payment for online transactions because it’s instant, cheap, and secure. However, it has its own flaws like too many spammers on the internet and easily we might lose our hard earn money to them if we are not extra careful.
I wish you all good.
Disclaimer: None of the links provided above is an affiliated link, the author has given the link as an introduction to the readers.
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