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Work From Home
5 PayPal cost gateway alternate options for freelance funds
20
Sep
Sep
Being an international freelancer is not easy. You have to work really hard to find and get freelance jobs. Then you need to figure out how to get your hard-earned payments in your wallet as well. To make your life easier, we have shortlisted a few PayPal alternative payment gateways so that you can get your freelance payments straight to your pocket.
If you live in the US, UK, Europe, or Canada, you probably won’t have any payment problems. There are many options. However, if you are from emerging countries like Pakistan, India, Bangladesh or Nigeria, you may encounter such problems.
Most freelance platforms support PayPal as their primary payment gateway. Some big platforms including Upwork, People per hour, and Fiverr offer other payment options including wire transfer and Payoneer.
How do I get payments for freelancers without a bank account?
In many situations, your employer can only send your payments by wire transfer or bank transfer. However, if for some reason you don’t have access to a bank account, there is another way. Services like Payoneer and Transfer way allow you to create virtual bank accounts. Once you’ve received your money, you can transfer it to your or your relative’s bank account at a later date.
What if my Payoneer account is blocked? Is there an alternative?
Actually yes. If your Payoneer account has been suspended for any reason, there is an alternative payment gateway that works just like Payoneer. I mentioned it in the list below. Make sure you don’t repeat the same mistake that resulted in your Payoneer account being banned. Although these services allow easy payments, the way they work is sensitive. Any wrongful act or mistake could result in your account being banned.
List of alternative payment gateways for freelance payments
Here is a list of the most trusted and widely used payment gateways that you can use when you don’t have access to Paypal:
- TransferWise (now known as ‘Wise’)
- Payoneer
- Stripes
- Skrill (MoneyBookers)
- Google Pay
way
Wise (formerly known as ‘TransferWise’) is a UK-based financial technology company that offers a payment solution for everyone. The basic idea of the service is to send and receive money quickly and cheaply. They offer some of the lowest transaction rates compared to other platforms.
One of the best features Wise has is with multi-currency accounts. You can open a US account or a UK account from any country. Many other currencies are also supported. These accounts act like real bank accounts. Individuals and companies can send you money to your virtual bank account number.
With just a few clicks, you have the option to withdraw funds from your Wise account to your local bank account.
They also offer a debit card in some countries that allows you to conduct local transactions, just like your local debit cards.
If you are a freelancer, your Wise account can be used to receive income from marketplaces like Upwork, Freelancer.com and other platforms that pay by bank transfer.
Sign up for TransferWise here (Receive a free international transfer of up to £ 500)
Payoneer
If you’ve never heard of Payoneer, you know that it’s one of the most popular payment gateways that allows you to send and receive money in almost any country. Launched in 2005, it turned out to be a ray of hope for developing countries where PayPal and other similar gateways were inaccessible.
Payoneer offers an easy way to withdraw your freelance earnings straight to your local bank account. Of course, there is a small fee for each transaction, but given the benefits, this is almost negligible.
The best thing about Payoneer is its popularity. Almost everything great freelance marketplaces support Payoneer as a gateway. These include Fiverr, OneHourTranslation, Crossover, Amazon, eBay, and many other companies.
You can create an account with a few simple steps and it’s completely free.
Stripes
Stripe is a combination of programmable APIs that allows you to receive payments directly through your software, your marketplace, and even pay your employees worldwide.
For example, if you own an ecommerce platform, you can use Stripe Connect to process payments from your customers. When you sell a service, you can receive payments from your subscribers.
Fortunately, for freelancers too, there is a use case that you can use to get your freelance payments. middle, one of the largest content creation platforms, also offers Stripe to help keep your earnings.
Skrill (formerly “Moneybookers”)
Skrill is another global payment solutions provider that allows you to send and receive money with just a few clicks. While useful in many cases, the transaction fees make it not the most popular choice among freelancers.
Skrill makes it easy to send and receive money from individuals through their email addresses. Many micro-gig platforms also support Skrill as one of their supported payment gateways.
If you download their mobile app, you can enjoy free transactions with no fees.
Some users have reported late payments and other issues while using Skrill. So make sure to ask a few friends before joining him.
Google Pay
Google Pay is a digital wallet platform and payment solution that allows you to conduct contactless transactions in seconds. You can shop instantly with your Android smartphone, tablet or smartwatch.
With Google Pay, you can also get your payments straight to your wallet and ultimately to your bank account.
The biggest benefit of using Google Pay to process your payments is the zero transaction fee. That alone puts it ahead of its competitors.
The only downside is that many freelance platforms don’t support Google Pay. However, this may change in the future.
We will add other alternative payment options to PayPal to the list from time to time. Share your feedback and suggest other platforms that have helped you.
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