How to Get Paid Internationally as a Writing Freelancer Using Payoneer
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Freelance writers across the world are currently spoiled for choice when it comes to receiving payments through different payment methods. Currently, there are a number of payment methods for receiving payments on freelance platforms such as Upwork, Fiverr, and many others. Among the plethora of payment methods are PayPal, wire transfer, Wise, Skrill, Stripe, and even Escrow.
One other platform that has simplified and provided more options for freelance writers is Payoneer. The company, which was established in 2005, has quickly become a fan favorite for most freelance writers due to a variety of reasons.
On a basic level, (b)(link=https://jobserver.ai/company?id=37)Payoneer(/link)(/b) gives freelance writers the ability to receive payments from clients across the globe quickly and conveniently. In addition, it provides a professional way to manage cross-border transactions and makes it easier to grow freelance careers without worrying about the technicalities of international banking.
In this article, we break down how you can get paid as an international freelance writer through the use of Payoneer.
(img=aduploads/image/payoneer 1.jpg)Freelancers can receive payments through Payoneer(/img)
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(h2)Set Up an Account(/h2)
Obviously, the basic and most important step to receive payments from Payoneer is to set up an account with the company. Just like most payment platforms, the process is fairly simple. All you have to do is visit the Payoneer website, provide your personal and banking details, and verify your identity. After submitting your details, the company will approve your account and provide you with access to an online account where you can receive and manage payments from clients across the globe.
Once you have your account set up, you can receive payments in multiple currencies such as USD, GBP, and EUR. The implication of this is that you can reduce payment friction by receiving funds directly into your (b)(link=https://jobserver.ai/company?id=37)Payoneer(/link)(/b) account.
Again, setting up your account also gives you access to the platform’s user-friendly dashboard, where you can track incoming payments, check balances, and manage withdrawal options.
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(h2)Receiving Payments(/h2)
With the account now set up, freelancers can receive payments from their clients in different ways. One way is through popular freelance marketplaces such as Upwork, Fiverr, and PeoplePerHour. If you are a freelancer working on the aforementioned platforms, you can easily link your Payoneer account to receive your earnings directly, removing the hassle of waiting for weeks for bank transfers while providing faster access to your funds.
Alternatively, if you are a freelancer who works with clients outside marketplaces, you can also share your Payoneer receiving account details. Clients can simply make direct bank transfers to your Payoneer account in their currency, and it will then be automatically converted to your preferred currency at a competitive exchange rate.
Perhaps even more impressively, one of the most convenient features that Payoneer offers is the ability for users to request payments directly from clients. Within the Payoneer system, freelancers can generate a payment request by entering the client's details and sending them an invoice-like request via email. The clients will then pay the freelancer using their preferred method, which can include credit cards or local payment options.
(img=aduploads/image/payoneer 2.png)There are 3 key ways to receive payment through Payoneer(/img)
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(h2)Withdrawing Your Funds(/h2)
Once your Payoneer account has been credited with funds from a client, freelancers have about three options to either withdraw or use their earnings for different purposes. The basic way to withdraw your earnings is to simply transfer the funds directly to your local bank account in your home currency.
According to the company, they support withdrawals to bank accounts in over 150 countries, which makes it very simple for freelancers to access their funds almost anywhere in the world. Alternatively, freelancers can also use Payoneer’s prepaid Mastercard, which can be used at ATMs, online, or in physical stores.
The prepaid Mastercard is ideal for freelancers who travel often or want to separate their freelance income from their regular bank account. In addition to these two options, there is a third option to use your Payoneer balance to make business payments. For example, if you work with subcontractors, editors, or other freelancers, you can pay them directly from your account without needing to withdraw the money first.
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(h2)Beware of Transaction Fees(/h2)
As is common with most online transactions, using Payoneer as a freelance writer also attracts significant charges. These charges may range from currency conversion to bank withdrawals to payments made by clients using different methods. The only consolation is that although these charges exist, Payoneer has them at a competitive rate and is transparent about it.
For example, the company cites instances where transaction fees may apply. (b)(link=https://www.payoneer.com/about/pricing/)It states that: (/link)(/b) “For payments made to recipients from a different country than you, up to 1% of the transaction amount, with a minimum fee of up to 4.00 USD. For payments made in USD, EUR, or GBP to recipients from the same country as you, a flat fee of up to 4.00 USD/EUR/GBP* respectively, will be applied per transaction.”
To reduce transaction costs, freelancers are advised to review the official Payoneer fee chart and make withdrawals strategically. For example, withdrawing larger amounts less frequently can help lower transaction costs.
Speaking of rates, exchange rates are another important consideration when using Payoneer as a freelance writer. This is because when clients pay you in a different currency, Payoneer automatically converts it to your preferred currency at market-competitive rates. While there is a small markup on the exchange rate, it is still more cost-effective than many alternatives, such as PayPal or international wire transfers.
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