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The best ways to receive payment for an online job

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Are you doing jobs online and you are looking for the best ways to receive payment for an online job?
In this article you will know about the different options to receive your money online without any trouble.

There are different online jobs an individual can start doing, but the problem is when it is time for payment how do they receive their money. This is what this article is all about.

Now let’s look at the different methods to receive payment for an online job you just finish completing for a client.

What are the best ways to receive payment for an online job?

Now let us look at the best ways to receive payment for an online job;

Bank Wire/Transfer – The best way to receive payment for an online job

The best way to get your payment from your online clients is via bank transfer. I prefer this method because the money is going straight to your bank account and not through a third-party gateway. The advantage of bank transfer over other means of getting your payment online is that there are no hidden charges or transaction fee.

To make a bank transfer you need to provide the following details (depending on the client’s bank);

  • Bank name
  • Account number
  • Account name
  • SWIFT code/IBAN
  • Account type

Payoneer

Payoneer is another preferable means to get your payments online. Payoneer offers you several ways to get paid. You can use your Payoneer account to receive funds from US, EU, UK and Japanese companies through the Global Payment Service. You can also bill your clients directly and send payment requests. And if you’re working with a company that has a direct partnership with Payoneer, you can simply link them to your Payoneer account.

Payoneer offers different ways of receiving payment.

  • Global payment service
  • Payment request
  • Mass payout company (this is use for affiliate websites and freelancing platforms)

The Global Payment Service

The Global Payment Service allows you to receive payments from companies in the US, EU, UK and Japan as if you had a local bank account. It works in the following way:

  • Payoneer provides you with the details of a receiving account.
  • You provide these details to the company, with which you work.
  • The company uses these details to send a local bank transfer.
  • You receive the payment to your Payoneer account.

To view the details of your receiving accounts:

  • Sign in to Payoneer.
  • Go to Receive tab and select Global Payment Service.
  • You will see the details of the receiving accounts in different currencies. You can submit these details on the online platform you work with or email them to your contact person within the company.

Please note that while the Global Payment Service has some functions of banking, it is not a bank account. Companies can transfer payments using your receiving account details, but you cannot charge your receiving account. Any charge attempts will be declined.

Payoneer Request a Payment

The Payoneer Request a Payment enables you to bill your customers and receive payments. You can send payment requests to your customers, who can then pay you for the goods or services you provide. It works in the following way:

  • In your Payoneer account, you create a payment request.
  • Your client receives an email with your payment request and a link to the online payment application.
  • The client submits the payment either online or through their bank.
  • You receive the payment to your Payoneer account.

To create a payment request:

  • Sign in to Payoneer.
  • Click Receive tab and choose Request a Payment.
  • Fill out the payment details and submit the request.

Mass payout company

Payoneer has a direct partnership with thousands of companies, including the world’s leading freelance, vacation rental, eCommerce and stock photography marketplaces.

If the company you work with offers Payoneer as a payment option, you can get paid in the following way:

  • In your account with your paying company, select Payoneer as your payment option.
  • If you already have a Payoneer account, choose “Already have a Payoneer account?” OR, if you don’t have a Payoneer account yet, you can create it at this stage.
  • Follow the steps to link your account with your platform to your Payoneer account.
  • Once the company sends a payment, it will land directly in your Payoneer account.

Different companies may offer you different methods to get paid via Payoneer. Funds can be transferred to your Payoneer balance, to a Payoneer card or directly to your bank account via the Payoneer network. The selection of options depends on the company you work with.

Cryptocurrency

Cryptocurrencies are digital currencies. It include; Bitcoin, Etherium, USDT, TRON, Dogecoin etc. With Cryptocurrency, you can receive payment from your online clients, all you need to do is to send your crypto (it can be Bitcoin, Etherium, Dogecoin, USDT etc,) wallet address to them. Ensure you send the correct wallet address to them. With crypto there is no or little transaction fee.

PayPal

PayPal is commonly use to collect payment online. But ensure an invoice is created in your paypal account, so that clients who aren’t using PayPal can make payment with their credit cards. Another alternative is to send your Paypal email address or Paypal link to them (that is if they have PayPal account).

In Conclusion

The best ways to receive payment for an online job include via; bank transfer, Payoneer, Paypal, Cryptocurrency. With all these methods listed above; you can transfer your funds into your bank account, use it to make payment online for a purchase good or service. That is why i consider them as the best methods to receive payment from your online clients.

Note: I will keep on updating the list as i continue to look for more ways a user can receive their payment online. Thanks for reading.

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