When I first started as a freelancer online, pretty much the only way to get paid was with PayPal.
I loved accepting PayPal because it allowed me to work from home and see the money immediately. No waiting for a check.
Today, the fees are starting to get a little annoying. Plus, as more people freelance, there are more payment solutions. Right now, get paid without PayPal all the time. In fact, very few clients still pay using that service. It's a beautiful thing.
If you are looking for a fintech payments and want to avoid PayPal, here are five alternatives:
1. Direct Deposit
More and more of my clients want to pay via direct deposit. This is an amazing development for me. It means that I don't have to worry about fees, and the money just appears in my bank account.
Because it's important to keep your personal finances separate from your business finances, I am careful to make sure that my 1099 clients deposit into my business account.
It works very well. I get paid on time, don't pay fees, and my clients usually outsource the payroll to fintech payment platforms so it makes them happy, too.
I also accept Venmo payments from some of my clients who just need the occasional thing done. They don't have a lot set up for regular work, and they want to be able to make a one-off payment. You pay a fee if you use a credit card, but person-to-person bank transactions are free.
3. Google Wallet
4. Bitcoin (and other cryptocurrencies)
You don't have to worry about fees when you use something like Bitcoin. It's easy to send money around the world, and as long as you keep your cryptocurrency wallet backed up, mostly secure.
Beyond Bitcoin, there are other cryptocurrencies, all of which use blockchain technology to make sure you get paid as a freelancer.
Review your options, and see if there are others out there that can provide you with a fast, easy, and less expensive way to get paid.
Fintech Payments: 5 Ways to Get Paid Without PayPal was originally published on Due Payments Blog by Miranda Marquit.