In the language industry, timely payments are not just a matter of convenience, rather they are essential for maintaining a healthy and sustainable profession. Here’s why timely payments are crucial for freelance translators and interpreters, and how ProZ*Pay ensures prompt transactions.
Read MoreWhen submitting payment requests to your clients with ProZ*Pay, you now have the option to include a PDF attachment for their reference. This feature was added based on feedback from payees who wanted their payers to have access to an invoice before making the payment.
Read MoreThe $100 audit : Checking how you get paid
Freelancers receive payments from different companies, using different payment systems and many times that can involve different ways of transmitting the money. When you are paid, it is important to receive as much of your money as possible in a timely fashion.
To make sure payouts are meeting your needs, I suggest trying the $100 audit.
Utilizing freelancers for language tasks can streamline processes and enhance the efficiency of language service companies. However, the conventional method of paying freelancers globally proves to be inefficient due to the complexities of the international banking system, along with the diverse needs of individual language professionals.
Imagine if the time to onboard and pay those same freelancers were eliminated.
Venmo added as withdrawal option for ProZ*Pay
ProZ*Pay has added Venmo as a withdrawal option for your payouts in ProZ*Pay. So now, when it comes to getting paid as a language professional, you have even more choices. If you want to set up Venmo as your preferred payout method, simply head over to your ProZ*Pay account and make the update.
CSV files for ProZ*Pay payroll
For language companies with large or small payrolls, if your payroll data can be formatted or entered into a spreadsheet, it is easy to share with ProZ*Pay. This gets your payment instructions out to your payees, and makes freelancers happy in minutes.
When you have a large amount of data in Microsoft Excel, Google Sheets, or another spreadsheet format, an easy way to share it is to export it as a CSV (Comma-Separated Values) file and then share the output file with ProZ*Pay.
Good money habits for freelancers
As a freelancer, you know that managing your money can be a tough task. You may not have an employer to help out with benefits like vacation time and health insurance. It's up to you to make sure you're saving enough for retirement and investing in ways that will grow your nest egg over time.
Here are some money habits that can help any freelancer stay financially secure:
Politely asking for invoice payment
I'm sure you've been there: you've finished a project for a client, and they're supposed to pay you the agreed amount. But they haven't paid yet, and now it's been weeks since you sent them your invoice. So what do you do?
You can keep calling or texting them every day asking where the payment is until they pay up. Or, you could be polite and friendly while also making it clear that this isn't acceptable behavior anymore—and how soon would it be possible for them to send over that wire transfer, PayPal, Payoneer, whatever?
How freelancers bank without a home
Are you a freelancer constantly on the move? In a world where living as a digital nomad is again an option, it leaves us wondering how to transition from a traditional lifestyle to one unencumbered by physical boundaries.
One of the largest concerns is financing; how do freelancers bank without a home? Let's discuss how freelancers can bank while on the move.
Read MoreWhile most experienced language professionals know how to invoice their clients, sometimes calculating taxes, keeping a good backup or sending reminders complicates the process and takes time, extra time they could use on actual projects, marketing or learning. Not to mention the number of late or incomplete invoices that result in non-payment issues!
Read MoreCreate, send and track your invoices online
Have you recently completed a job? Do you need to send your client an invoice? At ProZ.com, it is easy to create, send and track your invoices online through the invoicing tool.
Membership allows you to create as many invoices as needed. Non-members are afforded five invoices to try out the platform.
Read MoreFaster solutions for non-payments on your Blue Board
Just like Business Pages, the ProZ.com Blue Board works as a business card. Not only are Blue Board records an important risk management tool for language service providers since 2001, but they also show a company's reliability in terms of payment and commitment.
Read MoreFor two decades, freelance translators and language companies have met at ProZ.com and often completed transactions with payments through PayPal. The two companies were founded around the same time and PayPal has made it easier for freelancers to receive money, fast.
In some places, however, government regulations do not allow receipt of funds via PayPal. This adds complication for the language company in its payment processes and makes it difficult on the freelancer.
Time to get paid: Who pays payment processing fees for freelancers?
When outsourcers and service providers connect via ProZ.com, neither side is charged any commissions or fees. However, to make payments for work provided there is always a cost to getting money from one party to another. They are commonly referred to as payment processing fees.
So who pays these fees?
How freelance translators get paid in USD using Wise (formerly Transferwise), PayPal, Payoneer, Skrill and more
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.
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