Nineke Publishing
Nineke Publishing
Better Payment Options

I'm Ruth. I make websites and help small businesses promote better.
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IN FREELANCE,TRUST IS KEY​

Freelance is already rough.

We’re professionals and business owners just like anybody else, yet we’re often burdened with the lack of respect exaggerated pressures that a very bad person might show to an undocumented day laborer.

Look, everyone in every industry faces obstacles. From finding reliable collaborators to getting details and timing just right, there can be tons of stress involved on any given project.

But once a gig is completed to perfection and our client is happy, the last thing any freelancer or contract professional-for-hire wants to deal with, is money mix-ups and payment delays. There are only so many verified platforms for moving money and processing payments. In the global digital gig economy, freelancer benefit from using the most widely known payment software and apps.

When it comes to paying for services, clients are more likely to sign on and trust in apps like PayPal and Venmo, or software like WooCommerce or Stripe. And every freelancer knows that trust is major key.

WHAT HAPPENS IF THE FREELANCER CAN’T TRUST THE PAYMENT APP?​

I read a horror story on twitter a little while ago where a professional photographer had her money frozen by PayPal for months. Something to the tune of $10,000 FROZEN and UNPAID for close to ONE YEAR.

 

WHAT THE UNCONSCIONABLE FUCK?

No one who’s worked that hard at their business, to be earning 10K on a gig (a true freelancer/entrepreneurial dream, to be sure) deserves to have their money held hostage.

Luckily, she had access to other money in the meantime. But it’s the principle of the matter. If you pay for a service to manage your money, and that service also keeps a percentage of your earnings – standard practice – you should have unmitigated access to your money in a reasonable time frame.

Ten months is completely unreasonable, and unfair.

But what about the smaller freelancer? The newbie entrepreneurs who are just starting out? What of the adventurous digital nomad with only her laptop and a dream, the one who has risked everything to start and grow her business?

What are they to do when their trusted money management software holds any sum of money from them, when they could very well be relying on that cash to cover a business-related subscription, their housing expenses, or even food? The delay can be devastating.

Another factor for freelancers to consider when collecting and processing payments is currency exchange rates. For a digital nomad like myself (and maybe 10 Million others), we must adjust our fees to either include exchange rates, or we accept them as a business expense. Either way, all business owners appreciate paying the lowest possible amount.

WHERE CAN A FREELANCER FIND FAIR & TIMELY PROCESSING?​

Below, I’ve compiled a list of various payment software solutions to help other creative freelancer entrepreneurs make more informed decisions. I want to say outright that while I do accept most of my client payments via PayPal, it’s not my preferred method. It’s simply what more people are familiar with.

TRANSFERWISE IS MY FIRST RECOMMENDATION AND INDISPUTABLE TOP PICK.

I also have a referral link🤷🏽‍♀️ What makes TransferWise so great? TransferWise is basically a wire transfer in the palm of your hand. It sends money directly (and securely) from one party’s bank to the other party’s bank. There is no digital/binary purgatory where TransferWise ever holds your money until its invisible wizard algorithm decides that you deserve access to funds you earned.

Transfers from one person to the other are typically completed in 2 business days, even internationally. Additionally, the company strives to offer the lowest possible exchange rate.

It’s important to note that because of the nature of the service – hello international bank transfers – both the app and its website can seem technically daunting. There’s a bit of clicking to be done and details to be provided.

Clients may hesitate at first. One suggestion I use is to remind them of the first free transfer they get, by using my link. Another persuasive argument is the lack of extra processing fees. TransferWise isn’t taking .30 cents  + 3% of your money when someone pays you.

ZELLE IS MY SECOND RECOMMENDATION FOR COLLECTING PAYMENTS.

Zelle is a free app that uses email addresses and mobile numbers to send money. It has connections with various banking apps, making it super easy for users on both ends to handle funds. This is an ideal alternative for freelancers in the US with US-based clients. Additionally, the name will be somewhat familiar to clients, because Zelle started in 2017 and spent considerable time promoting its arrival onto the marketplace.

CASHAPP WORKS TOO.

CashApp is another convenient and simple way to get paid. There’s currently no fee for receiving money, though a sender can be charged for payments made by credit card. CashApp is only available to users in the US and UK.

The core of being a freelancer is being free & unbound by the restrictive norm. Freelancers are inherently creative, and daring. This path isn’t for everyone, but those who’re brave enough to take it deserve the spoils of their labor – and without delay!

What are some other money transfer/payment apps that more cost-effective and reliable than PayPal? Tweet me your recommendations!

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