Skip to content

Truelancer Blog

  • Post Project
  • Find Freelancers
  • Find Projects
  • Signup

Online Payment Mechanisms in Freelancing

May 2, 2016 by Jessee R

For a freelancer or any person involved with monetary transactions online, payments and remunerations always spark a sense of insecurity.

This takes place because online guarantees and contracts do not provide the same psychological and physical sense of security compared to proper legally authentic documents. Although most of the online payment contracts are bound by legality, the virtual nature of the work environment breeds in natural doubts on both the employee and employer sides.

In these circumstances, it is always advisable to familiarize yourself with different payment mechanisms which are available online. Some of the most popular and authenticated ones are:

 

 

  1. Direct Wire Transfers

 

It is the most common way of money transfer and the first of the mechanisms to surface in the late 1980s.

 

It involves you providing your client or the platform where you work your bank account details so that the money due can be directly transferred into your account once you are eligible for receiving the payment. Local or within the country transactions prefer wire transfers as there is are no issues of currency exchange and double taxation considerations. This method is quite simple.

  1. PayPal

 

PayPal is by far, the most popular payment tool used by people across the globe.https://blogs-images.forbes.com/mfonobongnsehe/files/2014/09/paypal.jpg

According to the latest statistics there are 110 million active PayPal accounts. This justifies its popularity.

More stats can be found here.

 

PayPal allows you to earn or spend in any currency. When you sign up, you will be asked to link your bank account where ultimately you can both deposit to and withdraw funds from.

Must Read  Payment withdrawal options on Truelancer

You can convert the deposits in your account at any given point based on the current exchange rates.

PayPal is fairly easy to use and most online websites offer PayPal as a mode of payment.

PayPal charges very small transaction fees which are charged on transactions above a certain limit.

 

 

 

  1. Debit/Credit Card Payments

 

This is another very common payment method mostly used for only payment scenarios on e-commerce portals and other business websites.

 

The most common cards in use are American Express, MasterCard and Visa. They are old players of this market and offer secure payment gateways with no glitches.

 

 

 

  1. Google Wallet

 

This is Google’s reply to PayPal. It has virtually the same mechanism as PayPal but has introduced some new features which make it a worthwhile competitor.

 

Google also announced that it will be releasing a physical card that is connected to users’ accounts so they can utilize Google Wallet at retail businesses.
This has propelled Google Wallet’s popularity and made it a top contender in this field.

 

 

 

  1. Stripe

 

Stripe has evolved into a payment platform for the rare talent like software developers.https://databaseindays.com/wp-content/uploads/stripe-payments.png

Developers use Stripe to integrate a payment system into their projects through Stripe’s robust API. This prevents the need for a merchant account, and also allows you to build your own payment forms that can bypass PCI requirements.

 

 

 

The online market place has numerous payment tools and mechanisms which can get confusing if you don’t stay aware. Novice starters often become victims of spams and frauds and in turn shy away from immense opportunities. Therefore, it is quite essential to familiarize yourself with the different forms and modes of payment.

Must Read  The Power of online learning and marketing skills: Top 5 digital marketing Courses for Freelancers

Stay informed, stay covered.

Jessee R

A passionate Blogger and Digital Marketer

Post navigation

Previous Post:

4 Content Ideas to help promote your business

Next Post:

Can freelancing be a full time profession?

Become a Freelancer

Popular Posts

  • Introducing Instant Hire – Re-Hiring Made Easy!
  • How to withdraw money from your Truelancer Account
  • Workflow between Freelancer & Client. Workstream Step by Step Guide
  • Send a Perfect Proposal for Projects on Truelancer
  • Payment withdrawal options on Truelancer

Recent Posts: Truelancer Blog

List of Freelance Sites to Start Freelancing

List of Freelance Sites to Start Freelancing

Freelancing Success: Graphic Designer with 5 Star Ratings!!

Freelancing Success: Graphic Designer with 5 Star Ratings!!

Freelancing Success: Meet Aditya Web and Android Developer from Bangalore

Freelancing Success: Meet Aditya Web and Android Developer from Bangalore

Freelancing Success: Meet Vishal Shah who earned $10000 in just 90 days!

Freelancing Success: Meet Vishal Shah who earned $10000 in just 90 days!

Prince from Kenya-Amazing Content Writer, who always get 5 Star Ratings

Prince from Kenya-Amazing Content Writer, who always get 5 Star Ratings

Categories

  • Academy
  • Achitect
  • Affiliate Marketing
  • Angel Investors
  • Announcements
  • Article Writing
  • Artificial Intelligence
  • Blogging
  • Book Release
  • ChatGPT
  • Content Marketing
  • Coworking Spaces
  • Crowdsourcing
  • Digital marketing
  • Digital Superstars
  • E-commerce
  • Email Marketing
  • Entrepreneurs
  • Entrepreneurship & Startup
  • Events
  • Featured Freelancers
  • Featured Stories
  • Freelance Jobs
  • Freelancer
  • Freelancer Report
  • Freelancer Tips
  • Freelancing
  • Graphic Design
  • Grok AI
  • Infographics
  • Interior Designer
  • Interview Questions
  • IT & Programming
  • Make Money Online
  • Mobile App Development
  • News
  • Online Jobs
  • Outsourcing
  • Payments
  • Payoneer & Truelancer
  • Pro Membership
  • Product Updae
  • Product Updates
  • Programmers
  • Project Management
  • Remote Team
  • Remote Work
  • Research & Analytics
  • SEO & SEM
  • SEO and Online Media
  • Small Business
  • Social Media & Marketing
  • Software Development
  • Startups
  • Startups
  • Superlancer
  • Translation
  • Trending Services
  • Truelancer General
  • Truelancer Offers
  • Tutorials
  • Uncategorized
  • Video Editing
  • Virtual Assistants
  • Web Development
  • Website Designing
  • Writing and Content
  • Yoga
  • Become a Freelancer
© 2025 Truelancer Blog | WordPress Theme by Superbthemes