One of the hardest things to talk about when hiring an employee or a freelancer is often times the money it will involve. So often many focus so much on hiring the perfect freelancer that they forget to determine how they will pay the freelancer. Below are just a few ways you can your freelance:
One of the easiest ways for most companies to pay their freelancers and even FTEs is through a paper check. The best thing about having checks is that the client doesn’t have to pay a fee for depositing the check into your bank account. The downside is that when you pay your freelancers with check they end up having to wait for the check to arrive in the mail and then they have to wait for it to clear.
PayPal is one of the most common forms of payment for online workers. It’s free to set up an account and you can pay your freelancers instantly. Once the money appears in their account they can deposit into their bank accounts. The only downside is that Paypal takes a transaction fee.
Electronic Funds Transfer.
The easiest, quickest, and least expensive way to get paid is through an electronic funds transfer, or EFT. This is when you you are able to send payment directly from your bank to your freelancers bank without having to enlist the assistance of payment processing companies.
Freelancers can accept credit cards but only through an online payment system such as paypal.
Do you want to learn how you can pay your freelancers easiest online? We have set up a number of ways to make this easy for you. Contact us today to learn how!