With this article we will start publishing stories of our friends and clients who run their own businesses as a freelancer. We will share best practices, tips and tricks, and answers to frequently asked questions that might help others to start making money on their own. Who knows – maybe your hobby and passion could work for you. Are you a photographer, videographer, drone pilot, or content creator, or maybe you are a handmade artist? Or you are just thinking about how to start – stay tuned, and we will tell you everything.

The greatest benefit of a Global Economy is freelancing. People could now sell their goods, services, and ideas globally without borders. The number of freelancers is growing year to year. 

The whole generation of young people now would choose freelance over the traditional office 8/5 job. And this is absolutely logical – freedom, the ability to choose your working hours, self-decision-making, and creativity are only a few reasons for that.

Business is supporting this trend globally by offering freelance platforms that help offer to meet demand – Upwork, Fiverr, PeoplePerHour, Crossover, and many more.

Last year, participation in the gig economy grew by 22%, with 93 million US adults earning a massive $1.2 trillion. The freelance revolution is a global celebration combined of remote working opportunities, access to niche talent and changing work expectations towards flexibility, autonomy and control.

But what is the most important to a Freelancers? What makes them wake up at night? Since we are consulting many of them – we know this for sure. Moreover – we know how to get such pain points sorted. And we are happy to share our knowledge with you.

All businesses are going abroad – everybody wants to have access to international markets via a global marketplace. If you are promoting your goods or services via social media platforms like Facebook, Pinterest, or Instagram – you 100% asked the questions “How can I be paid? What is the best way to receive money? How to get paid with min or no cost”, right? 

Usually, money movement across the border is expensive, transfer fees and foreign exchange could completely kill your margin and make your business senseless. Especially, if the average transaction size is relatively small.

If the above is about you – we`ve explored a solution that helps freelancers get their payments hassle-free. We are recommending our clients use specialized payment platforms rather than setting up payment channels with their banks, especially if they are just starting a business.

Why so? The answer is very simple – such platforms are already integrated with most of the marketplaces and their product are designed around freelancers’ needs.

Today let`s review one of the such platforms – Payoneer. With this platform you can open a Receive account in USD, GBP, EURO, and many other currencies online while drinking coffee. 

On top of that, you can create invoices and easily share them with your clients, also platform allows you to track payments. Partnerships with multiple banks will allow you to transfer and withdraw your funds with minimal fees. 

The best thing about Payoneer – once you are registered in the system you can immediately open accounts in different currencies. 

Let`s imagine – you are based in Eastern Europe but selling your goods in UK or US. With Payoneer you will be able to share the invoice with your customer, and there will be your local US or UK payment details (like you have a bank account in UK or US)! So, you customer will have to complete the local payment (with zero fees usually), and you will receive money in your account in Payoneer. After that, you can initiate the transfer to your payment card and withdraw cash. Simple as that. 

Payoneer is the digital commerce platform that helps you to focus on your business, because they are connected to world-leading digital brands such as Airbnb, Amazon, eBay, Google, Upwork, and Walmart, as well as multiple local banks, which help them to manage all your payments related needs in a safe, secure and effective manner. 

Get smarter with Finsmarta – stay tuned!