Nowadays, it is very common to hire freelancers to get a job done. Clients now use cheap and fast payment platforms to get their freelancers paid.
Paying a freelancer is not as hard as you may think. We now have the cheapest and safest way to pay freelancers worldwide. You do not need to rely on inconvenient and time-consuming bank transfers. With different fast and cheap online payment methods, you can easily hire any freelancer in any part of the world. Which is the cheapest and safest among these numerous payment platforms depends on the ability to meet customers’ satisfaction. A good payment platform should be seamless, fast, safe, and considerably cheap. There are numerous payment platforms from which you can choose any but in choosing any the charges incurred, safety and the fastness should be considered. You can check reviewsbird.com to see people’s experiences on these payment websites. If you are considering what way is the cheapest and safest to pay freelancers, you should consider some of these:
1. WorldRemit
Millions of users use this platform to manage incoming and outgoing payments in different currencies. You enjoy fast transactions as most transactions are completed within a minute and very low charges. This website is available for you to pay a freelancer in more than 130 countries. In addition to payments, WorldRemit allows you to track and monitor all current and previous transactions. There are 70 currencies available.
2. PayPal
PayPal is one of the first digital payment methods used to pay freelancers overseas. It is still the most common way to pay freelancers around the world.
It is used by over 270 million users in more than 200 countries. It manages more than 26 different currencies. You have to create a PayPal account and link it to your credit/debit card. After 48 hours for the necessary checks, you can start sending and receiving payments worldwide. Here the commissions applied, which is a small amount.
3. Stripe
Payment solution for operating professionals in the web world. Stripe offers a smart payment page, invoice management, card payment options, bank transfers, etc. Payment management takes place in 5-10 working days. It operates in over 20 countries and manages more than 135 different currencies.
4. Payoneer
It stands out for the ease with which it is possible to send and receive money, manage the account, and view the payment history. It supports about 150 currencies. Payments are handled in 3-5 business days. Payoneer allows transactions with between five and 200 different recipients in one go. It allows you to pay multiple freelancers at once. One major advantage of Payoneer is that it operates in most countries.
Funds can appear in Payoneer in as little as two hours. It’s also great for clients, as you can use a credit card, bank transfer, or online wallet. Best of all, transfers are free when: In these situations, freelancers need to pay 2 percent to withdraw money to a bank account.
5. TransferWise
TransferWise is a relatively new international money transfer service. Worthy of note is its competitive exchange rates and extreme clarity in showing any fees required.
Payment processing times depend on various factors such as the type of currency, the country, the payment method, and the amount of money transacted. Its interface is clear and immediate.
You can open a personal or business account. Both are free. You can send and receive money from different countries: USA, India, China, the UK, etc. Compared to PayPal, it appears to be 19 times cheaper.