The Watchtower provides you with content that is both relevant and of high quality. More information on the business, web design and management, video production, photography, and graphic design can be found at www.thewatchtower.com, a multi-award-winning web design, and development agency with offices in London and Dubai. On the website, there is also aspiring content about movies, cinemas, lifestyle, content, firm marketing, and production. When I initially began out as an online freelance writer, PayPal was pretty much the only method to get paid.
Accepting PayPal was also appealing to me since it allowed me to work from home and see the money right away.
Today, the costs are becoming a bit annoying. Furthermore, as more persons work online, additional payment options have become available. You can now be paid without using PayPal any time you wish.
If you're looking for methods to be paid online without using PayPal, here are a few options:
1. Google Wallet
There are still costs if you use a credit card to transfer money, but if you are a freelancer looking to be paid, Google Wallet can be a wonderful option. Unlike PayPal, which charges a fee to accept money, Google Wallet does not charge a fee to receive money. Transferring funds to your account is completely free. Check with your clients to see if they will pay you using Google Wallet to save some of the PayPal fees.
2. Direct Deposit
Ok. This isn't about fintech payments. But it's still quite awesome.
Clients have offered to pay me in this manner in the past. This is a fantastic development for me. It means I won't have to worry about paying fees, and the money will simply arrive in my bank account.
Because it is critical to keep your money distinct from your business finances, I make certain that my clients make deposits into my business account.
It is extremely effective. I am paid on time and without any fees, and my clients, who generally outsource payroll to fintech payment systems, are also pleased. That, in my opinion, is a win-win situation.
3. Bitcoin (and other cryptocurrencies)
Fintech payments have resulted in the creation of completely digital currencies. Bitcoin is the most well-known. When you use something like Bitcoin, you don't have to worry about fees. It's simple to send money throughout the world, and it's largely safe as long as you have your bitcoin wallet backed up.
There are other cryptocurrencies than Bitcoin that leverage blockchain technology to ensure you get paid as a freelancer.
I'd be neglectful if I didn't include Due Payments as a fintech payment leader. Due allows you to send and receive global payments. Due provides a digital wallet, as well as eCash solutions. It's a brave new world out there, and you don't have to rely solely on PayPal to be paid as a freelancer.
Assess your alternatives and see if any others can provide you a quick, easy, and less expensive way to be paid.
Venmo is a peer-to-peer payment service. It's a smartphone app that allows you to effortlessly send money to your pals. There is no need for a credit card, a wallet, fees, or nagging for overdue beverages. Simply link the app to a debit card and start spending.
Venmo allows you to send and receive money online from and from other people. Instead of looking for an exact change to pay your buddy back for dinner or stiffing him/her, you may just Venmo the exact amount to him/her.
Venmo may also be used to pay for products and services from some online merchants, make in-app purchases in some online apps, and, more importantly, receive payments online.
Skrill is a well-known PayPal alternative. Skrill's main advantage over PayPal is in terms of transaction expenses. PayPal charges a merchant transaction fee of 4.5 percent, whereas Skrill charges 2.9 percent.
Inactivity fees are a source of worry for private users; if Skrill accounts are not used for 12 months, a $5 cost is levied. PayPal has a significant edge over Skrill in terms of merchant acceptance. Many customers just choose to use PayPal because nearly every big retailer accepts it. Skrill, on the other hand, is an excellent choice for private users since it has no deposit fees, no withdrawal fees, and sending and receiving money is free.
Payoneer is one of the world's most prominent electronic platforms. It was founded at the same time as PayPal and, like PayPal, now operates in over 200 countries. Payoneer offers two sorts of accounts: one that is free and allows you to withdraw money straight into your bank account, and one that charges a fee. The other account necessitates the use of a prepaid card, which is exclusively accessible to people and costs $29.95 each month. Payoneer charges a $1.50 transaction fee for local bank transfers.
8. Google Pay Send
Google Pay Send, like PayPal, is fantastic for transferring money to and from any place for almost any reason, however, unlike PayPal, Google Pay Send does not charge a fee on debit transactions.
Google Pay Send has no setup or cancellation costs and is accessible for both Android and iPhones. The most significant feature of Google Pay Send is the merchant function, which provides some tools for managing your business and including reward programs and other benefits. The ability to include a "Buy with Google" button on a company's website makes a significant impact.
I hope you have found different ways you could receive payments online through this article because as it turns out PayPal isn’t the only way.
Have you heard of The Watchtower? The best and also an award-winning Digital Marketing firm and web development company that is located in both Dubai and London. Best known for providing its users with the best web solutions and improving their online presence. If that sounds like something you are interested in then let us know how we can help you.