As a freelancer, you have the freedom to choose which clients you work with and how much you work. But with that freedom comes the responsibility of handling your finances. That includes getting paid by your clients.
If you’re new to freelancing, you may be wondering how to get paid by your clients. Do you invoice them?
Do they pay you through PayPal? Do they just send you a check in the mail?
The good news is, there’s no right or wrong answer when it comes to how you get paid by your clients. It really depends on what works best for you and your client. Let’s take a look at some of the most common methods of getting paid by clients:
Invoicing:
Invoicing is a great option if you want to get paid quickly and easily. With invoicing, you can send your client an itemized bill for the work you’ve done. They can then pay you directly through PayPal or another online payment system.
Pros:
-You can get paid quickly and easily.
-You can track payments and unpaid invoices easily.
-You can set up recurring payments so you don’t have to worry about getting paid each time you complete a project.
Cons:
-You may have to pay fees if you use an online invoicing system like PayPal.
-Your client may not be able to pay you right away if they don’t have the funds available.
Check:
Paying by check is another popular option among freelancers. With this method, your client will mail you a physical check for the amount owed. You can then deposit the check into your bank account and wait for it to clear before withdrawing the funds.
Pros:
-Paying by check is easy and doesn’t require any special equipment or software.
-Your client doesn’t have to worry about paying fees associated with online payments.
-You can deposit the check into your account and wait for it clear before withdrawing the funds, so there’s no risk of non-payment.
Cons:
-Mailing a check can take a few days, so it may not be the best option if you need to get paid quickly.
-There’s always a risk that the check could get lost in the mail.
Bank Transfer:
Another option for getting paid by your clients is through bank transfer. With this method, your client will send the payment directly to your bank account.
This is a popular option for international freelancers since it doesn’t require any special equipment or software. Pros:
-Bank transfers are quick and easy.
-Your client doesn’t have to worry about paying fees associated with online payments.
-There’s no risk of non-payment since the funds are transferred directly into your account
