"Freelancers", Now a common word in the professional world, but it was once a questioned status of employment. They say freelancing is the domain of the wise. It is the empowering status of working professionals who dare and believe in themselves. India at present has nearly 15 million freelancers, who contribute handsomely to the economy of the country. Yes, gone is the time when individuals working as solopreneurs are battling for bread and butter.
Freelancing is a community that does not want to limit their productivity working with one company. Whether primary or secondary, individuals now choose the freelancing career option. To believe in statistics, India is a country with the second-largest number of freelancers. These essentially belong to marketing, designing, animation, IT, sales, content, and academic writing.
Freelancers earn a good and significant part of their income from foreign sources like Europe and the US. The industry earnings are expected to rise to a whopping $20-30 billion by 2025. As fancy it looks, payment is one part of freelancing that needs attention. Freelancers must look for a safe and reliable option to receive global payments, saving them some extra penny. Talking of safety and hassle-free transfer of foreign currency to Indian accounts, PingPong is becoming the choice of Indians.
Let us read more about it.
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Table of Contents
- PingPong payment solutions for Freelancers.
- Why should freelancers choose PingPong to accept payment?
- Freelancing platforms that PingPong supports.
- How do you get paid through PingPong?
PingPong payment solutions for freelancers
PingPong provides freelancers with simple freelancer global payment options. They call it global because freelancers are allowed to receive payments from international clients.
No one can deny that money is the prime lure for which anyone sheds their toil. This category includes freelancers also. Hence, payment remains a matter of concern, especially when working with global clients.
To avoid money hassles and for a safe career option, a freelancer must choose the Milestone Payment method. Under this, the payments are released at different stages of the projects. But yes with every transaction, a freelancer will have to keep in mind the transaction fee that the payment processor charges.
Though there are many payment gateways and processors like PayPal, a freelancer will have to choose the one that suits the requirements. Different payment solutions providers come with their limitations and charge varying transaction fees. PingPong, on the other hand, charges very less commission for the payment done using their platform. So it helps freelancers save some extra money.
Why should freelancers choose PingPong to accept payment?
PingPong!!
Faster than you think, safer than you think.
Freelancers should choose PingPong to receive payments because it offers transparency over each transaction. Let us see one example of how freelancers receive payment.
Suppose Akshay is a freelance content writer. He makes a total of 1000 USD this month for his services. If Akshay wants to save money from deductions, he can choose PingPong.
The payment processing will be as:
Total amount to be received = 1000 USD.
PingPong’s fee (2% average rate) = - 20 USD.
Real-Time exchange rate = 74.1855
The total amount Akshay receive= 980X74.18=INR 72655.73/-
Saving money is the biggest drive, especially for freelancers, because most of them work on a project basis instead of full-time.
A freelancer must choose PingPong as:
- Safe and Secure: PingPong, a global payment solutions provider, is a safe platform that complies with all the payment regulations. As a freelancer, you can receive payment from any part of the world. It does not share any information about the users.
- Fast: Once the payment is passed from the client, a freelancer will receive it in 1-2 working days. The money will be transferred in your local currency to the Indian bank account.
- Lowest Transaction Fees: PingPong serves you at the lowest transaction fees to receive global payments. That saves your money deductions in comparison to other payment processors.
- FIRC certificate: Every time you receive money from abroad, you get butterflies in your stomach. It is because you are unsure whether the payment will be made unless it is done. Secondly, you fear frauds and deductions. But with PingPong, you get a FIRC certificate, that is, Foreign Inward Remittance Certificate after each transaction.
- Expanding Customer Base: No, you will not be the first one to start with PingPong. More than 1Million users have chosen PingPong to receive their international payments. Thousands trust the brand because it is safe.
Apart from the benefits and convenience that PingPong offers you, the payment service provider makes things easy for clients also~ USD, EUR, GBP, JPY, AUD, and CAD- Any currency can be processed.
Freelancing platforms that PingPong supports
These are the freelancing platforms for which PingPong supports the payment:
- Freelancer.com
- UpWork
- People Per Hour
- Guru.com
- 99designs
These are safe platforms to work with as an individual. Freelancers can work with any of these companies and get global exposure. Moreover, they can be assured to receive payment to their Indian bank accounts.
How do you get paid through PingPong?
With PingPong, freelancers can receive money in just three steps:
Step 1: The freelancers must create a PingPong account for free.
Step 2: Use PingPong receiving accounts to receive payments through popular freelancing platforms.
Step 3: You can then withdraw the money after 1-2 days. The funds will be transferred to an Indian bank account in INR / USD / GBP / EUR / CAD / AUD / JPY at highly competitive rates.
PingPong offers a user-friendly platform to freelancers and other users. They can easily view and manage their transactions, like incoming payments, outgoing payments, withdrawals, withdrawals to bank accounts, and fees charged. It also provides a feature to download the monthly statements to keep a record.
The users do not have to pay any signup or monthly fees. PingPong is a hassle-free, fast payment processing platform that has absolutely no hidden costs. The service provider does not deduct any GST payment.
Conclusion:
PingPong is the freedom to expand business at global levels. It is an excellent payment processing platform that prevents data leaks and transfers the funds at nominal fees. The platform is regulated under the EU’s General Data Protection Regulation (GDPR) and the New York Department of Financial Services.
Freelancers are gaining relevance consistently, and it is no more a profession for homemakers and students. The amount of remunerations involved now lures many because it brings independence to work, the safety of payments, and talent delivery beyond boundaries.