What payment methods will freelancers be using in 2022? Although many people assume freelancers will always accept cash, it’s not always possible to rely on physical money. In order to maximize your earnings as a freelancer, you need to know the ins and outs of the various payment methods available to you, so you can accurately invoice your clients and get paid as quickly as possible.
In this article, we’ll look at the 6 best payment methods for freelancers in 2022.
1) Debit Cards- Back when you were a kid, your mom probably told you not to take money from strangers. But debit cards have come a long way since then, and now they’re more of an open-armed friend than an enemy. As long as you use your debit card safely—and avoid coming across as too desperate by hounding clients about payments—it’s one of the best ways to get paid quickly, conveniently, and with almost no fees.
2) Credit Cards- Many freelance businesses use credit cards as a form of payment due to their convenience and worldwide acceptance. However, if you’re working with international clients, using a credit card may not be an option due to differences in banking regulations. Before you decide which payment method is best for your business, make sure you understand what each option entails and how it could affect your bottom line.
3) Invoice Software- If you’re a freelancer, you know that sending invoices is a necessary evil. You work hard to make a great product or service—but you need to ask your client to pay before they get what they paid for. That’s why it’s important to have high-quality invoice software. Without an organized system, your invoicing can quickly become overwhelming; here are some of our favorite payment methods for freelance workers. We hope they help!
4) Direct Deposit- Anyone who has a traditional job will be familiar with direct deposit: it’s an automated system that pays workers by transferring funds from an employer to a personal bank account. There are a number of reasons to use direct deposit as a freelancer, but chief among them is convenience. The money gets directly deposited into your account as soon as your client makes their payment—no more waiting around for checks to arrive via snail mail.
5) Payoneer Account- Moving toward a more globalized, virtual workforce means that professional services will be more available than ever before. Thankfully, there are payment systems like Payoneer that can easily facilitate cross-border payments and allow you to work with clients across the globe without any hassle. Using a system like Payoneer is perfect for freelancers or digital nomads who want to get paid quickly and securely.
6) Check Payments- You’ll likely receive multiple payments from clients, and it can be confusing to keep track of your outstanding receivables. To stay on top of all your invoices, consider getting an online invoicing solution. This software keeps you updated on all your outstanding payments, so you don’t have to chase after them. You can also easily create custom invoices and send reminders directly through your account management portal.
Conclusion
When planning your next project, be sure to research each client’s payment method preferences before you start working. This can save time and headaches later down the line, not to mention make both you and your clients happier. The world of freelance invoicing is constantly changing; it’s up to us to make sure we adapt quickly. After all, freelancing is an ever-evolving profession—and if we want it to remain competitive, we need to ensure that our processes are too.
SOURCE: 9 Best Payment Methods for Freelancers in 2022
