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5 Things To Consider When Choosing Freelancer Payment Options

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Freelancer Payment Options

Under one aim – ‘to be paid’ – freelancers work all around the world. To do that, they must use many available payment methods to choose the right one. In this article, we will check out various freelancer payment options through which you can receive your payment. When deciding on how to receive fees, there are many things to consider.

  • Do you want payment services online or offline?
  • What are you relying on for the payment platform?
  • What are other freelancers’ traditional methods?
  • And last but not least, what are the charges you there prepared to pay?

Best Freelancer Payment Options

To help you with this, we compiled a list of the most common forms of Freelancer Payment Options:


PayPal is a quick, simple, and extremely reliable method of collecting payments, one of the most common payment options among freelancers. The seller charges a nominal fee per transaction that may be higher or lower depending on the type of account. The first thing you should do is to upgrade to your company group from a personal account. Transaction charges vary depending on the venue, and for cross-border transactions may also be increased (currency conversion fee).

Pros and Cons of using PayPal:

It is PayPal’s most significant benefit and is much less likely for consumers to hesitate to use it. PayPal also enables consumers to shop on your website directly and accept card payments by mobile, fax, or mail for as long as they have a business account. The downside? The transaction costs are high, and customer service is often unsatisfactory.


Please, remember that if they find any “suspicious” behavior, PayPal has the right to lock your account. It ensures that your transfers will be frozen, or you may not have access to your funds for a while. Skrill Formerly known as Moneybookers, in various currencies, Skrill focuses on worldwide transactions. For those who prefer to deal with foreign customers frequently, this is why it is a worthwhile choice. It is pretty similar to PayPal in terms of fees and costs.

Pros and cons of using Skrill:

Skrill is an easy-to-use payment gateway that is very secure and gives its users quick access. On the flip side, in many countries, Skrill is still not commonly accepted as a payment option.

Google Pay:

Android Pay and Google Wallet were reunified as Google Pay in 2018. It is one of the best ways to obtain and submit money online for freelancers. The finest part? No transfer fees are applicable.

Pros and cons of using Google Pay:

Google Pay provides a range of advantages, such as zero fees, the ease of moving money to any account from your bank account, and rewards that go directly into your bank account. The only bad thing about this strategy is that it has constrained online payment partners.


Escrow is maybe the best choice for freelancers when it comes to the privacy of online payments. This approach first allows the buyer to deposit the amount to protect all parties’ rights before the seller starts working on a project. The seller receives assurance and is assured of financing obtained. The seller collects the payment after the customer states that they have obtained the service. There is a 3.25 percent transaction charge that can be shared between the two parties.

Pros and cons of using Escrow:

Working with new customers regularly is a perfect payment choice. However, the service fee is on the higher side and, as such, a major con of this strategy.

Electronic Fund Transfer:

Electronic Funds Transfer (EFT) is a transfer of funds with or without a nominal charge from one account to another.

Pros and cons of using EFT:

It’s fast and simple, and payment is received directly into your bank account. On the flip side, the drawbacks of EFT are the varying restrictions on the overall sum and the number of transactions that can be made.

Wire transfer:

Wire transfer is a sort of EFT, a bit quicker, but at the risk of being more costly. Wire transfers are undeniably safe, comfortable, and accepted globally; these transfers are also irrevocable. Wire transfers regularly take 2 to 5 business days to complete. Another added advantage is that the freelancer will have the money directly deposited into his account. However, a significant drawback is that wire transfers tend to be very costly.


A conventional offline payment method is to get paid via a check. We will recommend that you only reserve this method for customers you trust and if you can wait for the check to be processed.

Pros and cons of using a Cheque:

While checks are practically free and incredibly convenient, they take a bit longer to process than most other payment types. So if you learn that you need to be charged as soon as possible, this may not be the approach for you.

Credit Cards and Debit Cards:

Although not conventionally used for overseas payments, some consumers tend to use cards to pay their freelancers. While this approach can involve card processing equipment to accept payments, freelancers typically use apps or other service providers to collect payments.

Debit Cards and Credit Cards Pros and Cons:  

Although cards allow your customers to pay you with only a few clicks, large payments can be costly. You would also need to pay for another service provider, such as PayPal or QuickBooks, to accept credit card payments.

Things to Consider While Choosing Payment Options for Freelancers 

Here are the 5 things to remember while you are choosing payment options for freelancers:

Fees for Transfer

As a freelancer, pay due diligence to the fee structure of your chosen gateway.

The Convenience of the Payment Option

Make sure your preferred payment method is easy for your customer to use to prevent delayed payments.

Customer Support

To take care of any problems that might arise, search for a payment service provider that provides live technical support.

Security Features

Often choose a safe and proven channel to collect payments for utter peace of mind.

Brand of the Payment Options

The world’s well-established presence of prominent payment service providers. You should choose a brand with a global footprint if you are a freelancer who gets foreign payments.


It can be concluded that having good Freelancer Payment Options is very necessary if you want to have a secure payment transfer for your freelancing work. Always check on payment options before performing any transactions; otherwise, you can face a loss of money.

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