More people than ever are turning to freelancing for work. Those situated in India are certainly no exception. Of course, it’s important to know how to get paid for all the hard work you do. There are many options available to you, but these six may be the best.
It is fair to ask the question, “How do you send money to India?” As a freelancer who is in the country, you can research these methods of transferring money to India to see which one suits you the best. Western Union is another good option for getting paid for your freelancing work. It’s available in many different countries, including India as you can receive your payment quickly and reliably even without any bank account information needed. Your client doesn’t even have to worry about a transfer fee to send you your money, which is a great perk for them.
PayPal might be the most common and popular means for freelancers, not just those in India, but around the world as a whole. Opening an account is free and clients from anywhere in the world can send you payments electronically after you have completed a job for them. You can also link your savings or checking account to your PayPal and conveniently transfer money between the two when necessary.
The only downside to PayPal is that you are charged a transaction fee depending on the amount of money you receive.
Another good option for being paid for freelancing in India involves wire transfers. These are safe and effective and can quickly get your payments to you. Wire transfer is also known as an electronic transfer of money from one person to another through a bank account. The good thing about this option is it’s available both domestically and internationally.
You can receive your money via wire transfer in only a few days. It’s a safer option than having a check sent as payment.
Although Payoneer has been around for some time now, it only recently launched in India. It’s a good option for freelancers within the country to receive their payment. Payoneer works just like PayPal, but it has a major difference that’s beneficial: there is no 2.5 percent fee for each transaction made. Instead, there is a standard $3 fee for transactions. Payoneer tends to be better if you are used to receiving large amounts of money as payment for freelancing work.
Transferwise is another option for getting paid as a freelancer in India. It’s the most effective means for converting dollars to rupees and doesn’t carry any hidden fees. Generally speaking, with this service, you get more value for your money. The only downside to Transferwise is that it can take a bit of time to set up and verify your account. It’s not as well known as some of its counterparts, but it’s definitely worth using when you need to receive money for your hard work.
Xoom is available through PayPal and allows your clients to conveniently and quickly pay you for your work. You can receive your funds in your PayPal, credit or debit card or your bank account. You can even pick up your cash from specific locations in India.
Once you have decided on the best way to get paid from India, you can sit back and comfortably collect your freelancing payments.