The top ways to pay freelancers
Did you know that there are around 55 million freelancers in the United States? These hardworking individuals complete tasks for busy entrepreneurs like you.
Outsourcing tasks to a freelancer saves time and stress. But what happens when it’s time to pay them? If you’re wondering how you can pay freelancer fees, we give you easy five ideas. Let’s review the many different methods you can use to pay freelancers.
Payoneer is another flexible way you can pay more than one freelancer at once. The mass pay option gives the ability to pay up to 200 recipients — how convenient is that?
Payoneer also serves over 200 countries, so sending money across the globe is easy. Popular freelancing networks like Hubstaff use Payoneer. This allows you and freelancers to track time and issued payments all in the same place.
Pay Pal is a commonly used form of online payment. Not only is Pay Pal easy to use but it is a trusted money transfer service. It allows you to send and receive money via credit card, bank account or your Pay Pal balance. Also, with Pay Pal, you can quickly pay freelancer fees, track payments, and send money to other countries.
Similar to services like PayStubCreator, QuickBooks makes accounting and paying freelancer fees easier. This software allows you to connect your bank account, organize expenses, and transfer data to a tax accountant.
To use QuickBooks to pay freelancer fees, enter the time they worked and the pay rate. To make things even more convenient, QuickBooks has a time tracker that allows you to send payments based on the exact time worked.
Bitwage is a service that allows you to create payroll and fund it using your bank account, credit bard, debit card or digital assets. Freelance networks use Bitwage so you can ensure that payments are accurate.
All you have to do is add pay rates, have your freelancers track the hours worked and use that information to create automatic payments. This is not only convenient but it makes sure your contractors get paid on time.
Venmo is one of the newest payment options for freelancers. It’s a money transfer service that allows you to send money to your contractor’s Venmo account. All you have to do is sync your bank account and add money to your Venmo account balance.
Unfortunately, Venmo doesn’t have a tool to calculate the time worked or fees. Also, it does not allow you to send money to different countries.
What Do You Think of These Ways to Pay Freelancer Fees?
Thanks to online money transfer services, paying freelancer fees is super easy. Gone of the days of sending a paper check through snail mail. With these ways to pay contractors, you will ensure that they get paid for their hard work and service.