Freelancers are looking for the best way to get paid. ProZ*Pay has been built for the language community to speed up payments, make language companies more efficient on payouts and help freelancers keep more money.
A freelancer with an account that accepts United States dollars (USD) may help get your money faster, make it easier on your client and eliminate some fees involved with currency conversion that will cost the freelancer money. If a USD account suits you best, ProZ*Pay offers the option to receive money in USD through your USD account using Wise (formerly Transferwise), or through transfers allowed in PayPal, Payoneer, Skrill and more.
PayPal, Payoneer and Skrill will handle the transfer and currency on their side. Once chosen as your payout method, there is not much ProZ*Pay does beyond sending your money through their system.
Wise, formerly known as Transferwise, is the preferred ProZ*Pay method for sending USD to most USD bank accounts outside of the United States.
If you are able to setup an account at Wise, transfers happen quickly.
At Wise, follow instructions provided for setting up multiple currencies in your Wise.com account.
The typical bank transfer setup will convert to your home banking currency. If you add a USD account, the payment will be returned. This will slow down the process for receiving your money.
Be sure you are following all banking and taxation regulations for your home and any country you are doing business in.
Want to open a bank account in USD? Check with your trusted bank or review some of the links below for more tips.
- Getting paid as a freelancer? Don’t lose out on international payments [wise.com]
- Top 5 dollar currency accounts [moneymagpie.com]
- The world's best bank accounts for international travelers and nomads [nomadgate.com]
- Best Foreign / Multi Currency Accounts (Uncovered) [transumo.com]
- HSBC example to open USD account in Egypt [hsbc.com]
If your client does not pay in USD, suggest ProZ*Pay. The client can pay in the way that works best for them and ProZ*Pay can send the payout using your preferred way to get paid.
Fees for paying translators are much lower for businesses that pay early and setup in bulk.
