{"id":5201,"date":"2018-03-23T00:00:00","date_gmt":"2018-03-23T00:00:00","guid":{"rendered":"https:\/\/www.freelancermap.com\/blog\/cheaper-alternative-paypal\/"},"modified":"2024-09-16T14:16:28","modified_gmt":"2024-09-16T12:16:28","slug":"cheaper-alternative-paypal","status":"publish","type":"post","link":"https:\/\/www.freelancermap.com\/blog\/cheaper-alternative-paypal\/","title":{"rendered":"Getting Paid by Overseas Clients: A Cheaper Alternative to PayPal"},"content":{"rendered":"\n

At freelancermap we want to match you with amazing opportunities that benefit both you and your clients. We support international working relationships and that usually means that clients and freelancers are often not based in the same country.<\/strong><\/p>\n\n\n\n

As you may have experienced, when you receive payments from overseas clients, it can be costly. \u200b<\/strong><\/p>\n\n\n\n

Banks and PayPal can take up to 8% of your earnings<\/strong> when you get paid. For example, if you\u2019re being paid $2000 \u200bby a US client into your European bank account, \u200byou could be losing out on \u20ac120 each time.<\/p>\n\n\n\n

That\u2019s because they convert your client\u2019s money at bad exchange rates and you end up receiving less in your account \u2013 and with a PayPal Business account there also is a fee charged just for you to receive foreign currency. \u200b<\/p>\n\n\n\n

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Join our freelancer community today!
Create your profile in just 2 minutes and start attracting new clients.<\/p>\n\n\n

Sign up for free<\/strong><\/span><\/a><\/div><\/br><\/p>\n<\/div><\/div>\n\n\n\n

We don\u2019t think that high fees to receive international payments should keep you from taking on a project you could rock regardless of the client\u2019s location. It\u2019s unfair.<\/p>\n\n\n\n

That\u2019s why we’re happy to announce our partnership with Wise<\/a>, that offers a cheaper alternative to PayPal <\/strong>or bank transfers for freelancers working globally.<\/strong> Their Wise\u200b multi-currency account\u200b<\/strong> is typically up to 5 times cheaper than the banks or PayPal! Sounds great, right?<\/p>\n\n\n\n

The account works in multiple countries and currencies, so you have the freedom to work with clients all over the world, without having to worry about bad exchange rates or receiving fees. <\/p>\n\n\n\n

It comes with bank account details for the US, Eurozone, UK and Australia<\/strong>, so you can get paid in any of these four currencies for free. This will help you take full advantage of all the global opportunities we have on our site.
<\/p>\n\n\n\n

>> Find out more about Wise multi-currency account<\/a><\/strong><\/p>\n\n\n\n

PayPal international fees: the hidden cost of receiving international payments<\/strong><\/h2>\n\n\n\n

It may be second nature for clients to pay you with PayPal or bank transfer. But what if you\u2019re a freelancer based in Europe working with a US client? Or you are a freelancer based in the US but your client is in Australia? It\u2019ll actually be extra expensive for both of you to get paid in euros for your work via PayPal.<\/p>\n\n\n\n

If your US client doesn\u2019t have a Euro bank account, international transaction fees to pay you with US dollars, that then get converted into Euros can add up quick. Here\u2019s why it\u2019s expensive to receive international payments via PayPal:<\/p>\n\n\n\n