Accept Payments with Your Freelancer Certificate for Food Carts and Handicrafts
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Freelancing is no longer just a side hustle or a part-time job to earn extra money. More and more people are becoming full-time freelancers and getting steady payments from the comfort of their homes. The rise of the gig economy has also fueled this development, with freelancers having access to opportunities across industries and beyond geographical boundaries.
One of the most crucial aspects of freelancing is getting paid at the end of your service. While full-time employees receive timely paycheques at the beginning or end of every month, freelancers can get paid in multiple ways throughout the month. According to a report from the Independent Economic Council, nearly 74% of freelancers don’t get paid on time.
This highlights the difficulties freelancers face when it comes to payments. Transparent terms and conditions for the payment, along with a robust payment gateway, help freelancers be compensated for their work on time and fully. In this post, we’ll discuss how PayTabs can help freelancers and small business owners accept payment with just their Freelancer Certificate.
How Freelancers Get Paid?
The way freelancers get paid depends on their industry, experience, client preference, and preferred mode of payment. Here are some common payment models that freelancers often utilize:
Hourly Rate
This is one of the most straightforward payment models for freelancers. They can use time-tracking software or tools to track how much time they spend on a project and then bill the client for the total number of hours they worked.
Project-Based Fee
This is one of the most straightforward payment models for freelancers. They can use time-tracking software or tools to track how much time they spend on a project and then bill the client for the total number of hours they worked.
Per Word/Page
Freelancers working in the content sphere as writers or editors often charge per word or page. Based on their skills, experience, and the client, different freelancers can also be paid different amounts for the same content piece.
Commission Based
Freelancers working in the sales and marketing teams often earn a commission based on the sales or leads they generate. While the earning potential is quite high in such a payment model, it is quite uncertain as the income depends on how many products were sold or promoted.
Retainer Agreement
Retainer agreements are a great way for freelancers to ensure a stable and predictable source of income. Clients retain the services of a freelancer for weeks or months at a time and pay a pre-determined fee at regular intervals, irrespective of whether the freelancer worked in that period or not.
Different Payment Methods for Freelancers
In this digital age, freelancers can accept payments from clients in a wide range of methods. These platforms eliminate barriers to traditional payment methods and offer freelancers speed, security, and convenience. Some of the different methods by which freelancers can accept payment are:
Direct Bank Transfers
Direct bank transfers are a popular method for several freelancers to receive payments. Banks now offer online banking services that allow clients to transfer the payment to the freelancer’s bank account directly.
Peer-to-Peer Payment Networks
Peer-to-peer platforms like PayPal, PayTabs, and Venmo have transformed the way freelancers receive payments. These platforms allow international and multi-currency transactions so that freelancers can request payments from clients across the world. Once the payment is received, they can either transfer it to their bank account or use it directly from the digital wallet.
Freelance Marketplaces
Freelance marketplaces like Upwork, Freelancer, and Fiverr offer built-in payment systems that facilitate transactions between clients and freelancers. Take Upwork, for instance. When the work is complete, the client pays Upwork the amount. The platform deducts a percentage of the amount and transfers the rest to the freelancer’s account.
such as low transaction fees, borderless transactions, and potential privacy benefits.
From Food Carts to Handicrafts — PayTabs for Freelancers
PayTabs is a comprehensive online payment solution designed to meet the needs of freelancers and business owners from every industry. Its range of features makes PayTabs an attractive choice for freelancers seeking a reliable and efficient payment platform.
Business owners who want to work in the Middle East and have a Freelancer Certificate can easily accept payments from clients and customers through PayTabs. It offers seamless onboarding that doesn’t require any paperwork and enables them to accept payments right away. The process is quite straightforward.
- Sign Up: The first step is registering for a PayTabs account as an individual or a business.
- Invoice Creation: Use the PayTabs dashboard to create and send professional invoices to the clients. You can also customize the invoices with your branding.
- Payment Links: The next step is to generate payment links that can be shared with the clients through email, messaging apps, or social media platforms.
- Multiple Currency Support: PayTabs supports over 160 currencies, allowing you to transact with clients across the globe without worrying about currency conversion.
- Real-time Tracking: You can also keep track of the payments, transactions, and other invoices in real time through the intuitive dashboard.
- Settlement Options: Choose between automatic or manual settlements based on your preferences.
Wrapping Up
Building a sustainable growth curve for small business owners requires getting paid promptly and securely. PayTabs offers a user-friendly platform that makes the payment process easy and streamlined. Its versatile payment options, multi-currency support, and emphasis on security enable business owners to focus on growth without worrying about payment logistics.
Get onboard with just your Freelancer Certificate today.
FAQs
1.Is it safe to receive payments through online platforms like PayTabs?
Yes, PayTabs prioritizes the security of transactions and employs advanced encryption measures to protect the private and sensitive information of both freelancers and clients.
2.How do I know which online payment solution is right for me?
Assess your specific needs and preferences before shortlisting payment solutions for your business. Consider the kind of clients or customers you’ll work with, the preferred payment methods, locations, and associated fees.
3.Can I use PayTabs on mobile devices?
Yes, PayTabs has a mobile-responsive platform that allows you to manage payments and invoices on the go on any mobile device of your choice.
