Payment Methods: International Clients

If you have entered the freelancing industry, one of the really important things you’ll need to consider is how to receive international payments. To be on the safe side, always look for Payment Methods For International Clients.

A suitable payment medium will save not only your time but also money. Whereas a wrong payment method will only give you stress in terms of long delays, unnecessary money deductions, and high service charges.

How to choose a payment methods

• Your individual preference.
• Client’s feasibility.
• Your area location.
• Payment receiving time. 

It’s vital to assess all aspects before selecting your payment method to prevent any undesired trouble later on.

Payment Methods for Freelancers: International Clients

There are many payment methods for freelancers in Pakistan with international clients. We have discussed each one in detail below.

Payoneer

It is by far the best option available for Pakistani freelancers and the golden standard for receiving international freelancing payments. It is a vast digital payment service that works exclusively on international transactions.

How does Payoneer works?

Payoneer is a service that lets you open virtual accounts in different countries in which you can receive payments. This way you can get paid like a local in different currencies from your client. Then you can easily transfer that amount to a local Pakistani bank account of yours and can withdraw it in local currency.

Payoneer will let you get paid internationally as a Local. It will make local receiving accounts accept USD, EUR, GBP, CAD, MXN, and other worldwide currencies as you had a local bank account, no matter where you were paid.

A client doesn’t even need a Payoneer account to send a payment, he can clear the payment through a debit or credit card. Payoneer has a low transaction fee, no hidden taxes to pay, simple, transparent, and easy-to-use payment option. It is a cheaper option than PayPal.

PayPal is unfortunately not available in Pakistan but there are endless options to receive international payments in Pakistan for international clients. 

1. JazzCash

JazzCash and Payoneer are partnered to help Pakistani freelancers avoid the hassle of traveling to banks and receiving payments after delay and lengthy verification.

How does it work?

You have to link your existing Payoneer account to your JazzCash or create a new Payoneer account from the JazzCash app. The payment you will receive in your Payoneer account from a client will be directly transferred into your mobile JazzCash account. 

With real-time money transfer and a good exchange rate JazzCash allow you to withdraw as low as $5 from your Payoneer account.

Isn’t it exciting! You should not worry about international payments. 

2. Xoom

Xoom is a PayPal service. Although Pakistan does not have access to PayPal, the country does have access to the PayPal service, which makes receiving money easy and rapid.

By opening an account on Xoom with just their email and name, a client can send money to Pakistani freelancers using their PayPal accounts. Payment can be done with PayPal, bank account, credit card, or debit card. 

Direct Bank Account

It’s a direct bank-to-bank transfer with no intermediate party involved. Using a SWIFT code client can send money from his bank account to your local bank account.

Skrill

Skrill allows international payments to be received in Pakistan. Any foreign payment is transferred to your Skrill account, which you can link to a local bank account to withdraw funds from. Money can be withdrawn quickly and easily from any nearby bank in less than a second.

Wise

Wise, formerly known as TransferWise, is now available in Pakistan and is a cheap and quick way to receive money from abroad. It sends money at a real exchange rate with no hidden fees. Like Payoneer, the best feature of Wise is that you can receive payments like a local in 9 currencies. 

You get your own UK account number, Euro IBAN, and US routing number. Then convert at the real exchange rate and hold multiple currencies completely free.

Conclusion

Every payment method has pros and cons. Choose the best payment methods for international clients based on personal needs and what is most convenient for your client. This will help the client in easy money transfer and you will receive payment on time. I hope you find this article helpful.