11 Best Payment Methods for Freelancers [2024 Guide]

More and more people are looking at freelancing when they want a career change.

When you’re just starting, one of the first things you need to think about is how you’re going to get paid.

If you choose the right method, it’ll save a lot of headaches and stress further down the line.

You can also save some money if you make the right decision.

To make the right decision, you need to have all the facts about how to pay freelancers.

This post is the answer.

Let’s look at some of the most common payment methods for freelancers.


PayPal has been a very popular freelancer payment method for quite some time now.

It started more than two decades ago, which makes it one of the oldest ways of sending and receiving money online.

PayPal specializes in electronic money transfers, and many organizations, freelancers, and websites use it as a primary means of taking payments.

For example, it is used when buying things from eBay, and it’s a common method for withdrawing money on the freelance platforms Freelancer.com and Fiverr.

PayPal is available in more than 200 countries, but not all countries can receive payments, and you’re only able to send them.

26 currencies are available, and payments are made by bank transfer, PayPal Debit Mastercard, or by requesting a check.

The Cost of Using Payal

  • Transaction fees vary depending on where your account is based.
  • Cross-border transactions tend to be more costly.
  • In the US, you pay $0.30 for each transaction plus 2.9% of the amount you receive.
  • For non-US transactions, the fee is 4.4% plus a fixed fee percentage depending on the country.


  • Clients can send you payments by using your email address
  • PayPal is recognized around the world and is widely available
  • It’s a trusted payment method
  • Payments take just minutes

PayPal has been a very popular freelancer payment method for quite some time now.


  • PayPal account fees are higher than many other options
  • PayPal can put a hold on your funds for up to three weeks
  • PayPal may freeze your account without notice
  • There are more protections for purchasers than for sellers

Google Pay

Google Pay is a replacement for Google Wallet.

You can send and receive payments for free, using your mobile or a desktop device.

When your clients send you money, they only need to use a phone number or email address.

When you create an account, you’re given a PIN that you use to manage your transactions.

The processing time for Google Pay payments can be as long as 10 days.

Google Pay is accepted in more than 30 countries.

It is also available on smartwatches that support Google Pay for the US, Australia, Canada, Germany, France, Poland, Italy, Spain, the United Kingdom, and Russia.

Payments can be made using more than 10 currencies.

Google Pay is a replacement for Google Wallet.

The Cost of Using Google Pay

  • You pay no fees for debit card payments and bank transfers.
  • However, there is a 2.9% fee for credit cards.


  • Easily integrated with other Google services
  • Provides analytics for affinity, engagement, and traffic related to your brand
  • You can claim money via SMS, request a link


  • Payments take longer than a week to process

Wire Transfers

With a wire transfer, funds are moved directly from one bank account to another.

With a wire transfer, funds are moved directly from one bank account to another.

It’s not the most common of methods, but you may end up with clients who prefer to pay in this way.

The Cost of Using Wire Transfers

  • If you’re in the US, you pay $25 for a domestic transfer and $43 for an international one.
  • When you receive funds, you may have to pay an additional fee of between $8 and $10.


  • Available Internationally
  • Very secure payment method
  • Processing is fast


  • Wire transfers can be expensive
  • There is no recourse for clients once they’ve made a payment
  • For small projects, they’re not an economically viable option


Escrow is an online payment platform that your clients can use to hold funds.

Escrow is an online payment platform that your clients can use to hold funds.

When your clients are satisfied with the work you’ve done, you’ll be able to collect the funds.

Processing times for checks and money orders are ten business days.

Escrow is available in most countries, however, there are some exceptions.

These are Cuba, Belarus, Iran, Iraq, Nigeria, Moldova, Sudan, North Korea, Zimbabwe, and Sudan.

Available currencies are quite limited.

For credit cards and PayPal, only USD is available.

For wire transfers, you can use USD, EUR, GBP, and AUD.

The Cost of Using Escrow

  • Escrow fees vary depending on the amount you want to transfer.
  • For amounts up to $5,000, there is a 3.25% charge of the processed amount, or 6.5% plus 3.05%.
  • For amounts between $5,000 and $25,000, the fee is $162.50 plus 0.26%.
  • For amounts of more than $25,000, the charge is 0.89% or 1.78% of the total amount.


  • Offers cross-border payments
  • The buyer pays the Escrow fees
  • Price negotiation is possible using the “Make Offer” button


  • Fees are high
  • Currencies are limited


Stripe has become very popular for anyone looking for a PayPal alternative.

Stripe has become very popular for anyone looking for a PayPal alternative.

The main downside is that it’s not available in very many countries.

It’s relatively new as well, which might put some people off using it.

The primary purpose of Stripe is to accept payments from clients, with less focus on any kind of money transfer services.

On the plus side, the fees are lower, it’s easy to use, and you can integrate it into popular WordPress eCommerce platforms such as Shopify and WooCommerce.

It’s also possible to create simple forms for collecting payments via Stripe.

The Cost of Using Stripe

  • This PayPal competitor’s fees vary, depending on your location.
  • For example, in the United States, there is a fixed 2.9% + 30¢ for successful credit card charges.


  • Some of the lowest fees
  • You can receive payments daily thanks to the two-day rolling payout schedule
  • No minimum withdrawal amount


  • It’s a reasonably new brand so it lacks the reputation and trust of more established payment methods
  • Only accepted in 26 countries so far
  • Disputed payments incur a $15 fee which is refunded when the client loses the dispute


Moneygram is a money transfer company you can use for domestic and international transfers.

Moneygram is a money transfer company you can use for domestic and international transfers.

The processing time for payments is an impressive 24 hours.

Payments can be made in over 200 countries and there are over 45 currencies available.

Payment methods include cash pickup, bank transfer, debit card, mobile wallet account, and home delivery.

The Cost of Using Moneygram

  • Fees depend on the country, the transaction amount, and the payment method.
  • For example, online bank transactions cost $11.
  • For debit card transactions of between $50 and $900, the fee is $49.99.
  • For debit card transactions over $900, the fee is 2% of the transfer amount.


  • You can track transfers from send-off to delivery
  • You don’t have to link an official bank account
  • Payments can be made online or via an agent


  • Fees are quite high


It’s an online payment processor you can use for making international money transfers.

Skrill used to be known as Moneybookers.

It’s an online payment processor you can use for making international money transfers.

One of its outstanding features is the low cost.

There are two parts to the payment process.

The Skrill review team first has to approve the transfer, which can take up to three days.

Then you have to wait up to 24 hours before the payment is transferred to your account.

The Cost of Using Skrill

  • You are charged 9% of the amount sent, but no more than 20 Euros or the equivalent currency.
  • In addition, you have to pay a foreign currency conversion fee of 3.99% for Skrill’s exchange rate.
  • Skrill is accepted globally, except for a handful of countries.
  • Over 15 currencies can be used for making payments, which are made using bank transfers, credit or debit cards, and digital wallets.


  • Email transactions are possible
  • Improved fraud management
  • Over 80 direct bank connections and 20 local payment methods


  • Verification can take a long time
  • Customer service is limited

Western Union

Western Union is a company that offers money transfer services both online and from more than 500,000 worldwide locations.

Western Union is a company that offers money transfer services both online and from more than 500,000 worldwide locations.

The processing time for Western Union payments is between 2-5 business days.

You can use Western Union for making payments in over 200 countries, and over 140 currencies are available.

Payment methods include cash pickup, bank transfer, credit or debit card, over the phone, in person, or via the Western Union website.

The Cost of Using Western Union

  • Domestic transfers incur a transaction fee of $5.
  • If the transaction is done via an online bank account, the fee increases to $11.
  • For transactions via a debit or credit card, the transaction fee can be as much as $49.99.


  • Uses advanced encryption technology
  • There’s a backup for recipients who haven’t disclosed their ID
  • Special ways for the military and students to receive money


  • Lack of transparency
  • Fees are high


Wise is accepted in many countries, and payments can be made in several currencies.

It used to be known as Transferwise, but now it’s just Wise.

Your clients can use this method to pay you directly in your local currency.

Your clients are charged for the payment, and it’s sent to your bank account as a local transfer.

Wise is accepted in many countries, and payments can be made in several currencies.

Wise uses the same exchange rate you see on Google or XE when currency exchange is involved in any transaction.

This is a bonus because you can calculate how much you’ll receive, and it saves you money in currency exchange.

The only real downside is that it’s impossible to send business payments in some countries.

Before you request payment from your clients, it’s best to check the country page for pricing and business payment status.

The Cost of Using Wise

  • Wise fees vary depending on the countries, currencies, and amounts involved.
  • To give you an idea, a transfer from GBP to USD will cost 0.4% + £0.80 flat processing fee.


  • You get a personalized Wise card for payments and ATM withdrawals
  • You can manage your account via the mobile app or website
  • Fees are very low


  • Payment processing times can occasionally be on the slow side
  • Only 20+ currencies are available


Payoneer is a popular digital online bank.

Payoneer is a popular digital online bank.

Many blog owners and freelancers use it because you can send and receive payments from anywhere in the world.

You can complete transactions with just one click and can even get a small line of credit if you’re a new customer.

You can’t integrate Payoneer directly into your eCommerce or membership website, but you can ask clients to send payments via Payoneer.

Withdrawing money from your Payoneer account is easy wherever you are in the world.

New customers are issued with a branded debit card you can use at any ATM.

The Cost of Using Payoneer

  • The main disadvantage of using Payoneer is that the charges are pretty high compared to any other payment solution.
  • For example, if you accept credit card payments from your clients, you’ll pay 3% of the transaction amount in charges.
  • A local bank transfer in the same currency will cost $1.50.
  • When you withdraw an amount in another currency account, you pay 2% of the transaction amount.


  • Available in 150 different currencies
  • Available in more than 200 countries
  • Payments received from other Payoneer customers are free in USD, GBP, EUR, and JPY
  • Payments are relatively quick


  • It can cost up to 2% when withdrawing money made in a foreign currency into your local bank account
  • Prepaid MasterCard has ridiculous fees
  • Transferring money to a local account can take several days


Revolut is a popular international payments platform.

Revolut is a popular international payment platform.

It’s easy to use and has a wealth of impressive features.

You can buy goods and services using a Revolut card and also get access to cryptocurrency trading and virtual cards.

It takes just a few minutes to transfer money from one Revolut account to another.

Once you’ve signed up for an account, you’ll receive a Visa or Mastercard virtual card or prepaid debit card.

Revolut also provides a sort code and an account number, much like a traditional bank account.

You can fund your account via Apple Pay, bank transfer, standard credit or debit cards, and Google Pay.

The Cost of Using Revolut

  • It’s free to open a Revolut account, but if you want more functionality, you might want a Premium ($6.99/month) or Metal ($12.99) subscription account.
  • Transfers for the same currency and mid-market exchange rates are free.
  • But there is a 0.5% markup on weekends.


  • Virtual cards and crypto trading
  • You can hold up to 29 currencies in the same account
  • Free ATMs
  • Transparent exchange rates


  • You may find your account frozen for security reasons
  • Poor customer support

Best Payment Methods for Freelancers according to Reddit:

PayPal is the easiest choice for me because my clients are located in different countries. With just my email address, I can receive payments, and most people already have a PayPal account.

You might be interested to check those related posts as well:


1. Which payment method is best for freelancers?

The best payment method for freelancers is usually an electronic payment system such as PayPal or Venmo. These provide a secure and convenient way to get paid quickly, without the hassle of dealing with checks or cash. Electronic payment systems also allow freelancers to keep track of their income and expenses more easily.

2. What is the safest way to pay freelancers?

The safest way to pay freelancers is to use a payment processor, such as PayPal, Stripe, or Apple Pay. These services provide an extra layer of security for both parties, as the freelancer is paid securely and the client’s payment information is protected.

Additionally, these services often offer dispute resolution in case of any issues.

3. How do I pay someone as a freelancer?

Depending on the agreement between you and the freelancer, payment options can include cash, check, credit card, PayPal, or bank transfer.

Final Thoughts

If you choose the wrong freelance payment method, you could end up paying unnecessary fees, experience lengthy delays, and increase the risk of not getting paid for your work.

Many of the advantages and disadvantages of the methods in our list vary, depending on your location and the currency you’re getting paid with.

Now you’ve got a few payment options to choose from, it’s time for you to decide how to get paid as a freelancer.


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