How to pay a freelancer?

 How to pay a freelancer? The question has already crossed your mind during your search for a provider.


Whether it is on a regular basis or after a specific mission, there are several ways to pay a freelancer.


Make your choice among these 7 solutions!


1. Bank transfer

The bank transfer is one of the "traditional" methods to pay a freelancer. It is the most common solution and remains a reliable and secure way to pay for a service.


The bank transfer offers several advantages for the client:

  • It is simple and fast.
  • It presents a little risk in the transfer of important funds.
  • It offers the possibility to pay a freelance internationally.
  • The debit is direct, so your cash flow is up-to-date in real-time.


For the freelancer:

  • The bank transfer is instantaneous if you are domiciled in the same bank as the client. If not, it is available in 2-3 days, which is still fast.
  • The transaction is secure.
  • No need to transfer funds from an online service to your bank account.

The main disadvantage is the fees. Some banks charge an additional fee when the transfer is made to another bank. Moreover, the fees can soar when it comes to international payments.


2. Checks

Cheques have always been used to make payments. Even though they are less and less used, they are still a convenient method of payment. You can easily pay a freelancer via this method.


The main advantage is that no fees are charged by the banks. Moreover, it is quite easy to cash. You don't have to wait for the counter to be open anymore, most establishments offer solutions to deposit the checks whenever you want.


On the other hand, this means of payment is not very secure. There is a risk of forged or bounced checks, which can affect your cash flow.


3. PayPal

PayPal remains the most used online payment method for freelancers. Opening an account is still free and you can pay your provider simply by entering their username or email address. Moreover, it is easy to set up on a WordPress site that uses Woocommerce.


They receive the funds in their PayPal account and can then transfer them to their bank account. With PayPal, you can:

  • Pay invoices in a few clicks, via credit card or bank transfer
  • Send money to multiple freelancers at once
  • Send payments in different currencies
  • Track your payments


The advantages for the freelancer are :

  • Payment available instantly
  • Possibility to request a payment from a client
  • Secure transaction


4. Western Union

Do you work with freelancers located abroad? Western Union offers a quick and easy way to pay them.


While Paypal is only available in 130 countries, Western Union allows money transfers in 200 countries and territories worldwide. This means of payment is therefore an alternative to transfers that are not possible via Paypal. The advantages and disadvantages are similar (fast and secure transfers, the possibility to link your bank account or to pay by card, immediate availability of the balance, etc.).


5. Payment portal integrated into the website

This method is used by freelancers with a website. Like e-commerce, they integrate a payment portal directly on their professional website, to facilitate the payment.


As a customer, you fill your shopping cart with the services you want, then you pay the invoice.


This payment method is particularly suitable for one-off services that are perfectly defined beforehand, such as the purchase of a text, a translation, a training course, or a tool.


6. Online payment via an accounting management tool

For this method to work, the freelancer must use accounting software that includes payment options. Quickbooks, Wave, or Due are some of the solutions available on the market.


If your provider offers this payment method, you should know that it is fast, secure, and efficient! You receive a link and, as in e-commerce, you choose the payment method: credit card, Paypal, transfer... In one click, the invoice is paid.


On the freelance side, this option is ideal for :

  • Automate and track customer payments
  • Reduce late payments
  • Follow your cash flow in real-time and better manage your financial decisions


7. Direct debit

This option is recommended to pay for recurring services. If you pay the same amount every month, you can automate the payment. Most banks and online solutions offer this feature.


On the client side, direct debit allows to :

  • Pay the freelancer on time
  • Save time: everything is settled automatically
  • Benefit from a real-time cash flow
  • Eliminate the risk of having to pay late penalties


As a freelancer, direct debit :

  • Guarantees the payment of your services
  • Avoid late payments
  • Ensures a solid working capital

 

Our tip

When defining the collaboration and negotiating the rate, think about establishing a payment method that suits everyone. If you find your freelancer via Codeur.com, you now have all the keys in hand to find the most suitable payment solution for you and secure the payment!


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