The Best Payout Methods for Freelancers Worldwide
There are several ways to use and accept payments in the freelance economy. Freelancers can choose from a range of digital and credit card payment methods to receive the money they deserve.
The best way for freelancers to make sure they get paid is by using PayPal. PayPal offers a diverse range of options for receiving payments such as transactional emails, direct bank transfers, and deposits into bank accounts.
Wire transfer is the most common type of payout for freelancers worldwide. It is the quickest and easiest way to receive payments, but it comes with a fee. The fee can be as low as $10 or as high as $50 per transaction, depending on the bank.
Common Payout Methods for Indian Freelancers
1. PayTm: This is a mobile wallet and payment gateway service owned by One97 Communications Ltd. This company has no charges and can be used to pay for goods and services online. It also offers features like the ability to store money in a digital form, send money, and receive money from people who have those accounts.
2. PhonePe: An Indian payment provider that provides mobile banking apps as well as a payments bank. Its major use case is for transferring money from one account to another through the UPI platform with some additional features such as buying movie tickets, booking bus tickets etc.,
3. Gpay: A bill payments company which makes it easy for people to pay their bills without having to queue up at the post office or at the mall .