Payment Process Improvements: A Freelancer’s Guide to Invoicing And Digital Payments
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The digital revolution has seen millions of people become freelancers.
In a recent study of over 4,000 professionals from across the MENA region 9 out of 10 said they are either already working freelance or plan to do so.
Once fantasy but now a reality, escaping the 9-5 seems accessible to anyone. With the population increasingly becoming computer whizzes who know the difference between spectre vs specter, the freelance world is ready for a change.
The problem is, not all freelancers have experience managing their own income, especially when it comes to invoicing and digital payments.
Let’s now explore invoicing and digital payments so you can feel confident freelancing in the digital world.
Invoicing for freelancers
Invoicing can be stressful. You’ve done all the hard work, but your client still hasn’t sent the money. Sound familiar?
Often, a gentle reminder is enough, but sometimes the problem lies with missing details on the invoice itself. Include the following to avoid giving clients an excuse to pay late:
- Issue date and due date.
- An invoice number.
- Your name/name of your business.
- Your contact details.
- Your client’s name and address.
- Method of payment.
- Payment details.
- Detailed line items.
- Make sure the invoice fulfills your quote, Pandadoc quoting software is useful here.
- Payment terms and conditions, including late payment stipulations.
A digital invoicing service like PayTabs helps you build the perfect invoice and set up recurring invoices to save hassle.
Not only does this make life easy for you and your client, it displays professionalism and gives you a digital record of all previous invoices in one place.
Digital payments for freelancers
Digital payments are cashless, contactless, and paperless, and are usually made over the internet. For freelancers and clients, the security, convenience, and speed of digital payments can make them the perfect solution.
Although most banks allow digital payments, the process is usually slow and frustrating. Why should you have to wait ‘up to 10 days’ for your money? A better option that gives you greater control is a digital payment gateway like PayTabs.
The benefits and features include of a digital gateway service include:
- 24-hour onboarding.
- Pay over social media using PayLinks.
- Customized reports.
- Enhanced customer experience.
- Integration with Shopify, Magneto, and more.
- 24/7 support.
- Funds in your account within 24 hours.
- Access to invoicing, accounting, and logistics services.
- Mobile friendly.
These features offer greater control and functionality compared to traditional banking methods. It’s why digital gateway services are ideal for freelancers.
PayTabs: invoicing and digital payments made easy
PayTabs is the perfect all-in-one digital payment solution for freelancers. Find out more about PayTabs Social Commerce platform for freelancers here.
Emily Rollwitz is a Content Marketing Executive at Global App Testing, a remote and on-demand app testing company helping top app teams with continuous integration (CI) and deliver high-quality software, anywhere in the world. She has 5 years of experience as a marketer, spearheading lead generation campaigns and events that propel top-notch brand performance. Handling marketing of various brands, Emily has also developed a great pulse in creating fresh and engaging content. She’s written for great websites like Airdroid and SME News. You can find her on LinkedIn.