Best payment options for freelancers: getting paid efficiently
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Best payment options for freelancers: getting paid efficiently

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There is at least one thing that unifies all freelancers across the globe. And it is as plain as day — they work to get paid. Getting paid successfully and efficiently is the source of major concern for many of them. They beg questions: how you pick the right payment option for freelancers among all the available methods? What’s the best method to get paid as a freelancer?

In this article, we’ll try to sort things out.

How do freelancers get paid?

First of all, let’s make sure we’re on the same page on the process of payments for freelancers. Typically, the procedure is as follows:

  • you conclude an agreement with your client (through a contract or just a handshake);
  • after the work you agreed on is done, an invoice for payment is created and sent;
  • you collect payment through a payment portal or by check/cash.

Some freelance neophytes might have never got their heads around the issue — what is the problem here? Why can’t marketplaces pay directly to freelancers? First of all, the procedure might be pretty complex for marketplaces, especially when paying out to freelancers across the borders. The transaction settlement may also lack speed and be due to high fees and commissions.

So, what are the ways out? Let’s proceed.

Choosing the best payment options for freelancers

When working freelance, it is vital to be well versed in different payment methods. If you stick to only one option for getting paid, you may miss out on some orders: some clients may not be comfortable with it and will choose a freelancer with an option they need. When working on foreign freelance exchanges, local payment methods may not work, and you will have to look for alternatives urgently.

Before choosing the way to accept payments, look for the following aspects:

  • What payment services do you prefer — online or offline?
  • What is your geography (where do you offer your services)?
  • Which payment platform do you find reliable?
  • What methods do other freelancers commonly use?
  • And last but not least, what fees do you consider to be affordable?

Let’s have a look at the most popular payment options for freelancers and define their pros and cons.

Check. The most traditional way of moving funds.

easy to use

no fees

cross-border payments

 lack of speed (settlement may take up to several days)

Paypal. The best-known online payment processing service.


high fees

Credit card payments. Classic payment method many freelancers got used to.


low fees

implies sharing credit card data, which may be not comfortable for some clients

Bank wire transfer. Often preferred for local payments.



high fees

crossborder payments can take up to 5 business days

Electronic funds transfer (EFT). All pros and cons usually depend on the bank.


cheap (still, it depends on a bank)

sometimes, the settlement still can take several business days

might feature high fees

Accounting software with built-in payment options. Implies producing and sending invoices and collecting electronic payments (e.g. services like QuickBooks, Wave, or Due)


convenient (facilitates all your data consolidation)


relatively low fees

sometimes fees may be high (depends on the volume of transactions)

Freelance platforms. Certain freelance platforms have their own built-in payment processing solutions.



entails fees

withdrawing funds from the account has certain restrictions (often on time periods and methods)

Built-in payment gateway on your website. The best solution for those who have a personal website.

easy to use


in most cases, features high-end technologies

not lucrative if your payment volumes are low

There is no leading method of sending funds to freelancers. The reason is simple — everyone values different aspects, from the convenience and speed of money movement to the cost of each transaction. After a thorough consideration of all the aspects of your workflow and conditions, you may choose the best solution for your specific needs.


To get the most efficient payments, we recommend having a few options in stock. For instance, you might have a bank card of the country you live in, with an account in national currency and in dollars or euros (or you can open a multicurrency card). For those customers who find this method inconvenient or can’t use it for another reason, you should have electronic wallets for CIS payments. But don’t overegg the pudding — the more payment options you have, the higher are the chances you might get confused and miss some payments.

Accepting payments on your site can be extremely easy and efficient. Corefy gives you access to a range of payment options through a single integration with our platform. Integrate an advanced built-in Checkout to accept payments on your website or receive online payments by issuing and sending invoices to your customers. Feel free to contact our team and find the best solution for your business. Be your own boss, and don’t let troubles with your payments spoil it all.

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