If you are a freelance writer, among other things, it is imperative that you are able to transfer money online. This is generally the way that most of your clients are going to pay you (does anyone even use paper checks anymore?) and not having a comprehensive understanding regarding the online money transfer process is a great way to ensure that you aren’t paid in a timely manner. And nobody wants that.
Probably the most efficient way to transfer money online is through PayPal â and the majority of people you do business through online are going to have a PayPal account. If you are new to PayPal, their site is comprehensive and self-explanatory: you link your bank account and/or credit cards to your PayPal account, and then are able to transfer money to and fro with ease.
In addition to PayPal, there are numerous sites online who are dedicated to helping you transfer money around the country and around the world – many even have comprehensive currency conversion tools. Unfortunately, not all of these sites constructed to transfer money are created equal, and more and more are popping up every day. There are some things you should keep in mind when using any money transfer site you are uncomfortable with. First and foremost is that you need to ensure that the site is secure, as you will be sharing copious amounts of personal information. Secondly, you need to understand the fee structure. Money transfers are rarely free, and the fees that you are charged can vary substantially. Finally, make sure you understand the sites terms and conditions â you don’t want your money tied up because your account is suspended for a TOS violation.
Regardless of the site you use to transfer money online, you are entrusting your income to a third party and that can be a stressful business. Because of this, it is always in your best interest to utilize the services of a company that has a reputable service record, easy to access customer service information, and posted contact information. If you are uncomfortable with any company’s credentials, you probably don’t want to be utilizing them to handle your confidential information and your cash.