How To Receive Payment as a Freelance Translator?

A problem most freelance translators are facing with is how to receive payment. In particular: How to receive payment for small jobs. Many translation agencies are reluctant to pay small fees via wire transfer due to the transaction fees; often they will send you a check instead. And I suppose I don't have to tell you: The banks charge an enormous commission when you come and want to cash in your check.

Then along came PayPal ?

Basically PayPal lets you send and receive payment over the Internet. It bases its service on the existing bank and credit card networks, but it is not a bank in itself.

Registering is free; all you need is an email address. Sending money is free - receiving money however, is not. You pay 3.4 % of the received amount unless you are receiving dollars; in this case you pay 2.9 % of the received amount. Then you have to pay a flat fee for each transaction: 0.35 Euros or 0.30 Dollars. In addition you have to pay a cross boarder fee of 0.5 % - 1.0 % if you receive payment from someone located in another country.

Then you have to pay a small fee when you withdraw your money to your regular bank account. (Unless your bank is located in the United States; then you don't have to pay this fee.) How much this is depends on the country you are located in. I for instance live in Switzerland and have to pay 0.50 CHF to withdraw to my account. Banks in countries within EU, except the United Kingdom, all charge 1.0 Euro.

Lets have a look at an example. I perform a small translation and charge a minimum fee of 20 Euro. 3.4 % of 20 Euro is 0.68 Euro, plus the flat fee of 0.35 Euro. Add the cross boarder fee of 1%, which is 0.20 Euro. So, of my 20 Euros PayPal takes 1.20 Euros. In addition comes the fee of 0.50 CHF for withdrawing the money to my regular bank account.

If the agency sent me a check instead of using PayPal, my bank would charge 7.50 CHF (4.80 Euros) for cashing the check for me. Each bank has its own fees for cashing checks and receiving wire transfers. But for smaller amounts PayPal is definitely the cheapest way of accepting payment. You will have to do a small calculation and see how large amounts you can receive before the PayPal fees exceed the fees your bank charges.

But is it safe?

Most freelance translators using this way of receiving payment are satisfied with the service and have had no problem with PayPal. I have only heard of one-two translators having their accounts frozen by PayPal for no legitimate reason.

Some negative aspects of PayPal

The problems with PayPal only start when you have a problem, so to speak. Resolving a problem can be very time-consuming and frustrating, and in many cases no solution is reached. Their customer support is not exactly something to brag about. It is very difficult to get behind their wall of auto responders and answering machines!

Another thing to be aware of are scams. There are numerous scams around, from people sending out emails pretending to be from PayPal asking you to confirm your credit card numbers, to hackers going in to your account and spending all your money.

Other negative aspects of PayPal are that it is not available in all countries and you can only receive payment in a few currencies.

By using PayPal you take a large risk compared to using the normal banking system. The chance of loosing your money is there. At the moment there are several lawsuits filed against PayPal and a lot of people who have lost money and not received any compensation.

Have a look at these web sites:

http://www.paypalwarning.com
http://www.aboutpaypal.org/

A few tips for using PayPal

The majority of the people having problems with PayPal are people selling items via auctions etc. Some examples: Payment is cashed from the buyers account and not transferred to the sellers account. A buyer uses a stolen credit card number to purchase items from you and your account risk being frozen for being involved with criminal activity.

As long as you use PayPal to receive money and don't connect you PayPal account to a credit card the risk is relatively low. In the worst case you could lose the money available on you PayPal account, threw whatever reason: hackers getting in to your account, PayPal freezing your account etc.

Having read a few of the horror stories about PayPal, I am very cautious using their system. But I still use it for receiving small payments. Basically out of lack of alternatives. PayPal was the first company to offer this kind of service, and for a long time it was the only company providing this service.

In the last year or so a few other companies have started providing the same service or very similar services. Most of them are very new companies and still not industry standard. When I ask agencies if they pay via Moneybookers for instance, they have never heard of this. But many of them can offer payment threw PayPal.

I am sure there soon will be very good alternatives. But for nowit seems we are stuck with PayPal whether we like it or not.

Guidelines for using PayPal

The only advice I can give is to be careful using PayPal. Here are some tips to help minimize the risk of loosing money threw PayPal.

1. Only receive smaller amounts through PayPal.

2. Never leave large amounts on your PayPal account: Withdraw your money as soon as you have a couple of hundred Euros/Dollars.

3. Log in to your account and check that everything is ok each time you expect to receive payment.

4. Be prepared to lose the money on your account.

Get more info at Vertaalbureau Metamorfose Vertalingen

Khalid Belamdini is a freelance webmaster working at Vertaalbureau Metamorfose Vertalingen


More Resources

Job Interviews -- What Your Pre-Interview Research Should Cover
When you go in for a job interview, you're not just a candidate seeking a job. You're a potential problem solver and contributor.
Effective Resumes
A resume is normally the first contact point between an employer and a job seeker. It serves the purpose of providing a summary of why a candidate is suitable for a job (cover-letter) and his relevant qualifications/experience.
Applying for a Job in Another Country? International Resumes
Is an International Resume still a Resume? This is a very common question among those looking for work overseas for the first time. When you contact companies about applying for a job with them you will not often be asked for a resume, you will be asked to send along your CV.
Recruiters for MSN or Data Miners?
Is Kenexa recruiting for Microsoft or just mining for data?I had a chilling experience the other day. A man from Kenexa called me, ostensibly to recruit me for a job in New York as a Search Marketing Analyst for Microsoft's new MSN search engine.
Tackling Your Unemployment Creatively
Are you unemployed or been laid off? You are not alone if that is any comfort to you. Worldwide millions of people are in the same predicament as you are.
Leaders Meet Challenge Heads-UP With Confidence --
Maybe "buck" is better referred to as the Boss' Challenge. Business owners are faced with making lots of decisions - some quickly made - others take more time with greater consequences.
Workplace Melodrama--A Flair For The Dramatic
A flair for the dramatic is a theatrical term used to describe an actress or actor who has a talent for melodrama, characterized by intensely enacted interpersonal conflict and exaggerated emotions. The central figure in a melodrama is the hero, who spins his tale or portrays the justice of his cause in a positive light.
Looking for a Qualified Medical Billing Specialist
Families, mothers, employers, and medical practices all interact in one way or another with a medical billing specialist. When medical billing is required, a qualified medical billing specialist can help you process your claim quickly and thoroughly.
My Landscaping Business is Better Than Your Lanscaping Business...
Yesterday I was having a discussion with Mary who I know from a mother's group that I attend with my daughter Sammi. Through previous conversations I have determined that this woman is very talented in the areas of landscaping and interior design.
Resume Writing - Get That Job
Looking for a new job, whether it is with a new company or a promotion within your own organisation, requires time and effort. To make your job search more effective you need to take five fundamental steps on the road to success:
Change Your Career, Change Your Life
Change Your Career,Change your Life!Lots of times I see and talk to people whoare tired, bored and burnt out of their currentjobs. I'm not sure what causes this dis-satisfaction.
Ten Great Careers For Computer "Geeks
The universal acceptance of computers into our daily lives, both at work and at home, has decreased the image of computer users as being "geeks." The word geek itself has evolved a bit - going from meaning a socially inept person who gets along better with computers than people, to someone who is an expert with computers, a guru even.
Fun At Work Leads to More Success
Common sense at work: Such qualities as loyalty, energy, intelligence and hard work are certain to be in any consensus of what it takes to build a successful career."However, there's another essential ingredient that is too often overlooked," says Ramon Greenwood, senior career counselor at www.
Ten Tips to a Powerful Resume
A new resume can jump-start your career. Your network contacts may ask for a resume and some industries absolutely, positively demand a resume as the price of admission.
Interpersonal Skill Building -- Yank The Suckers & Weeds
According to the National Gardening Association, suckers are rapidly growing shoots rising from an underground root or stem, often to the detriment of the tree. They can be very irritating and annoying for they bear no flowers or fruit.
Networking - A Key Factor in a Successful Job Search
In today's economy, job seekers need an edge beyond their experience, education and specific industry and job-related skills, in order to find and secure a position. Regardless if you are looking for an opportunity as CEO, Vice President, IT Manager or Customer Service Representative, you need effective tools to compete within a market that is job-poor and candidate rich.
5 Proven Steps To Easily Master The Art Of The Interview And Get The Bartending Job Of Your Dreams!
Your mouth is dry, your palms are sweaty, your heart is beating so fast it feels like it is going to pop out of your chest!Sound familiar?For most people, interviews are uncomfortable. The mere thought of them causes anxiety and nervousness.
How to Pick the Best Career For You , Part 2: From Exposure-to-Opportunity
Gain an audience by recognizing opportunityThere's a sexier method to salsa into a great career with less tripping and more flair. Look for problems to solve and create a personalized solution.
Behaviour To Climb The Stepping Stones To Career Success
The heading of this article could just as well have been "How to position yourself for promotion" or "How to position yourself for career advancement" or "How to climb the success ladder" or something similar.What behaviour will improve your chances for success? Behaviour which can be described as good work ethics.
Whats Stopping You from Getting Your Next, Good Job?
This question comes up often when I'm working with someone to help them move forward in finding their next job.What is it that compels people to stay "stuck"?1.

More Careers & Employment Information:

Related Articles

Mystery Shopping - An Excellent Part Time Job Or Additional Income Source
Though the name itself may seem a bit mysterious, the concept of mystery shopping is actually straightforward. Also referred to as secret shopping, performance evaluations, service checks and frontline evaluations to name a few, mystery shopping allows companies to obtain a "snapshot in time" by trained researchers who know in advance what they are to evaluate.
Loving What You Do
Man is a social animal and survival is his major need. There are needs that he needs be fulfill.
Job or no Job: The Certainty of Uncertainty
Headline from AP via Yahoo News! January 11, 2005: "Chrysler Expects No Job Cuts in 2005, 2006." Headline from Detroit Free Press, January 12, 2005: "Chrysler Cuts 200 Hourly Workers.
Medical Billing And Coding Profession
Medical billers and coders are in high demand among the allied health occupations. According to the US Bureau of Labor Statistics (BLS), health information technicians are one of the 10 fastest-growing allied health occupations.
De-Bunking The "Follow Your Bliss" Myth
Hello Fellow Seekers!I don't know about you? but I'm pretty tired of hearing about how you can "follow your dream" in three or four easy steps. I've seen plenty of people leap before they sufficiently looked --and end up dissatisfied or broke, or both.
Finding Your Ideal Career
In the current climate, many people are looking away from the traditional job market towards working for themselves. The massive redundancies and job-insecurity has caused many people to radically rethink their career plans.
How to Pick the Best Career for You: Part 3
Marketing-with-Intent precisely drives you to your target and with greater speed because you are using the right mode of transportation, an accurate compass and a clear vision of where you're headed. You'll differentiate yourself from your competition by using the right vehicle to uncover the best career for you.
Discuss Your Accomplishments During the Interview
When preparing for your interview, you need to be ready to discuss your accomplishments. Surprisingly, many people are reluctant to talk about their accomplishments.
How To Choose The Right Resume Format
After a thirty (30) second glance lots of resumes get thrown into the wastebasket. One of the reasons this happens is because the resume writer has failed to use the appropriate resume format.
Find Those People
"The Emperor's New Clothes" was a favorite childhood story of mine. It made me laugh.
The Six Figure Job Search
Before we start discussing how to search for a six figure salary job, let's set a goal. The goal I suggest is to double your income every five years.
Bullseye Interviewing
An interview is much like a blind date. You have sweaty palms, heart palpitations, shaky nerves and a preconceived notion of what could happen.
8 "Thurvival Skills" for 05
Just what is a "thurvival skill?" It's a skill that let's you thrive and survive at the same time. In today's economy it's not enough to just be good.
Are You Busy Living or Dying?
If you are not busy living, then you must be busy dying. Most of us do this subconsciously and are unaware of which side of this equation we reside on.
Writing A Great Resume, Part 1
Need a great resume to land that great job coming up? We are going to learn to create an eye-catching resume, using Microsoft Word.First, you need to collect all the information you will need to complete your Resume (dates of employment, education dates.
Giving Notice: 6 Things to Do To Prepare to Leave
After days, weeks, months or longer of interviewing, you have received a job offer that meets your needs and have decided to give notice to your employer and resign your current job.1.
The Perfect Resume
The perfect resume presents hiring managers with a four-fold vision of who you are and what you bring to the table: The perfect resume offers Logical Proofs:
How You Can Find Opportunities For Foreign Language Proof Reading Work
For those who are fluent in another language, foreign language (ie non-English) proof reading can be a great source of income. It is a difficult area for those who are not fluent to get into though.
We Rejected Your Résumé Today
Hi, I am Mr. Employer.
Interpersonal Skill Building -- Yank The Suckers & Weeds
According to the National Gardening Association, suckers are rapidly growing shoots rising from an underground root or stem, often to the detriment of the tree. They can be very irritating and annoying for they bear no flowers or fruit.