How to Get Paid as a Freelancer: 8 Payment Options

How to Get Paid as a Freelancer: 8 Payment Options
Learn how to get paid as a freelancer in an effective and reliable way with these 8 payment methods along with their pros and cons. Discover more with Square.
by Square Feb 02, 2022 — 4 min read
How to Get Paid as a Freelancer: 8 Payment Options

Technology has created an enabling environment for an increasing number of people to take their careers into their hands by freelancing. Interestingly, freelancing in Australia isn’t new; in recent years, it has surged as more people seek to leave restrictive 9-5 jobs in favour of greater flexibility and autonomy.

While working for yourself can be rewarding, exciting, fun and liberating. The payment aspect of freelancing still poses a challenge to people without experience. And there is no doubt that you want to get paid after delivering excellently on a project.

How can I get paid as a freelancer? What payment options are available? We’ll delve into that below.

Ways to get paid as a freelancer

Let’s start by discussing the many ways to get paid as a freelancer, it’s essential to examine the what and why. A freelancer doesn’t work for any employer, but instead provides specific professional services to many different businesses. Therefore, as a freelance worker, you are responsible for managing your own income and taxes.

So, if you plan on freelancing in Australia, or you’re doing it already, you will need to figure out how to receive payment for freelance work promptly and without any hassle. Let’s dive into the how.

1. In-person credit card payments

With Square Reader and Square Terminal, you can connect wirelessly with your computer to accept credit card payment over the internet for in-person transactions.

2. Virtual Terminal

Square Terminal gives you an easy checkout experience that makes your payment easy. So, whether the client wants to tap, dip or swipe with a card, use Apple Pay, or Google Pay, you can get paid instantly.

3. Online payment solution

An online payment solution is a great choice when you need to get paid by a client outside Australia or in a different currency. Square Checkout;

 

4. Sending invoices

Have you done multiple jobs for a client over a stipulated period? It would help if you had an invoice to itemise and record the details of the transaction. Invoices include the total that the client must pay. Unfortunately, creating and managing invoices can be challenging, especially when dealing with many clients as a freelancer.

Fortunately, Square Invoices provides you with an automated process to create, design, and track cash flow at a glance. You can learn how to create invoices easily here.

5. Website payment gateway

A website payment gateway is an online payment service devised as a channel to make and receive payments when integrated with freelance platforms. Because the process to receive your payment involves inputting your credit/debit card details to receive freelancer payment, you must use a payment gateway that is secured and trusted.

Happily, Square Online is a great way. Simply:

 

6. Mobile payments

Freelancer payments can be received through mobile payments, using mobile applications to receive payments into your bank account directly. Sadly, transfer fees on mobile payments can be high and can take as long as five working days to process, especially if you’re getting paid by a client who isn’t in Australia.

Joyfully, there is a better way; getting paid faster with Square POS:

 

7. Bank transfer

An electronic payment method enables clients to send money directly from their bank to their account. But there are pros and cons to this payment method.

Pros

 

Cons

 

8. Cash payments

The direct receiving of payment in bills or coins on completion of a job. It is the immediate payment in cash for your freelance service. There are pros and cons to this manner of payment.

Pros

 

Cons

 

Pro tips for getting paid as a freelancer

Freelancing can be exciting, doing what you love conveniently and sometimes dictating the pace you want to work. As beautiful as this may be, you must take the steps to ensure that you are paid as a freelancer. Here are a few tips

Create work/life balance

Always meet deadlines

Maintain good relationships with clients

Getting paid as a freelancer doesn’t have to be troubling and unsecured. If you make the most of Square’s intelligent tools, you won’t have to worry about how to get paid as a freelancer while saving time and resources.

Square
The Bottom Line is brought to you by a global team of collaborators who believe that anyone should be able to participate and thrive in the economy.

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