It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for. — Robert Kiyosaki

Saving money can be the hardest thing that all of us may struggle with. Like how Robert Kiyosaki simply stated, we all comprehend that money is so precious in life. So none of us try to spend money on things we don't need. That is why we Indians are the ones who have learned to save the money we need without wasting it.

When it comes to freelancing here, if you are an international freelancer, you will have to accept money from other countries. Here you have the money to go to other unnecessary expenses - especially since it is an international payment transaction. Here, you know without saying that it is essential that you choose the option that will enable you to get your money at the lowest possible cost. We are confident that PingPong will be a great companion for you in this regard. Therefore, the purpose of this blog is to remind you how to get the most out of your freelancing income without wasting it on hidden charges and other unwanted expenses.

The freelance platform market is identified as a growing industry, supporting current work protocols with the global pandemic hitting large. A new report by Orbis Market Research assesses multiple development ventures, challenges, and growth opportunities to improve business decisions in the freelance platform market.

The study, conducted with 500 Indian freelancers in their local languages, highlights that most Indian freelancers are under the age of 40 and are predominantly mostly men. Web and mobile development, web designing, internet research, and data entry are the key focus areas for Indian freelancers while some of them are also engaged in accounting, graphic design, and consultancy.

Before that, it is impossible to move forward without reacting to an outlook of the freelancing industry today. Let’s discuss,

The freelancing boom today

Thanks to Covid 19 outbreak and lockdown, the scope of the freelancing business now is huge today. According to the recent statistics, freelancers are anticipated to provide around 50% of the country's employment volumes, and by 2025, the marketplace is forecast to reach USD 25 billion.

Most companies today actively envisage transforming their workforce into a hybrid workforce model with both normal full-time employees and a large number of freelance workers in line with the present working-from-home model. The considerable adoption of these kinds of employment models deployed by companies is expected to boost a significant rise in the future.

Furthermore, with such a huge population of highly-qualified freelancers looking for more versatile freelance employment practices, increasing potential in the marketplace of the freelance network is increasing significantly.

One of the very first touch points you would need to understand is how to collect money from customers, if you plan to do freelance work or you're working as a freelancer currently.

How to save money with PingPong?

The PingPong team is committed to bringing the freelancing payment to your hands in the safest and most transparent way possible.

Presently, PingPong is now one of the most famous online business payment alternatives for freelancers to collect cross-border payments at the lowest cost. With PingPong's state-of-the-art payment processing services are available on platforms including Amazon, eBay, Shopify, affiliate programs, and freelancing platforms. The currencies you can transfer with PingPong payment solutions are the following:

  • USD
  • JPY
  • AUD
  • EUR
  • AED
  • GBP
  • MXN
  • CAD
  • SGD

Whenever you accept funds from platforms supported in the above currencies, you can better opt PingPong as PingPong delivers high-end solutions that are simple and highly accurate. The PingPong transaction costs are the cheapest in the business and the sum will be credited to your Local savings account on a subsequent day.

You save 50 percent on costs by utilizing PingPong, which is a substantial sum of money. PingPong also has an automated FIRC service, which can definitely help you save valuable time and money. PingPong also provides a profitable referral program that enables you to earn up to $35 per member. In the PingPong dashboard, you may discover all the details about this referral program.

How to get paid in 3 simple steps

Register for FREE: Set up a free PingPong account first. You now have the opportunity to receive payments in your local bank account for the previously mentioned currencies once you finish the account creation process and your KYC.

Collect money: Use your virtual account created with PingPong for collecting payments from employers and freelancing sites.

Withdraw your money: Money gets remitted to your Local savings account at exceptionally reasonable rates.

Freelancing platforms that PingPong supports

PingPong's service is available to you on most of the popular freelancing platforms such as the following.

  • Freelancer.com
  • Upwork
  • People Per Hour
  • Guru.com
  • 99designs

As we all know, these are highly safe and secure platforms that the majority of freelancers love to work with. Freelancers can better perform and gain international recognition with any of these platforms. In addition, you can be more confident that your payments are done and credited to your account on time.

Why use PingPong?

Safe & Secure: PingPong meets the rules of Global Payment. Every transaction is secure with PingPong, be it wherever in the world.

Fast: Withdraw money in local currency to your Indian bank account in 1-2 days.

The lowest transaction fee: You get paid with the lowest transaction fees (all charges included). You will not have to pay any hidden charges here.

Trust: Importantly, more than 600K customers use PingPong for receiving their international payments from worldwide markets.

FIRC: Digital FIRC help you receive every payment quickly.

General tips to get paid fast

It is not enough to just think of a payment processor to get your money to you in no time. Payment must be initiated from your employer in a timely manner. Also, if you rely on a non-authentic employer, it may also cause you to not receive your money on time. Here are some tips to help you avoid any setbacks or problems. So, consider the following ideas to ensure the payment procedure is efficient and effortless.

Check the authenticity of the employee

Don't start to work on a company unless a well-written contract is reviewed and agreed upon. Thereby make it as easy for payment processors to process your payment properly and to avoid payment delays.

Invoice Often

Never wait too long to let the employer process your invoice. It is necessary to keep your income, and billing can seem like a nuisance, but it is also essential to receive the earnings you have. If you are waiting too long, you may ask many times but not getting the payment, and the employer may feel that you are not in a need to get paid for.

Follow Up

No pay is guaranteed by the issuing of an invoice. Establish a strategy that will make sure you're paid and approach employers who are reluctant to pay.  If they are just hesitant to pay or have an issue with your work, communicate directly with them to avoid payment delays.