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What are the 3 best methods to get paid online?

Updated on June 23, 2011
Get Paid Online
Get Paid Online

 

If you are freelance article writer or any type of online worker you will always want to know how you will get paid – after all work and no pay makes you a not so sane person. Anyone that works would love to get paid.

Many choices

The good thing is that there are very many methods to choose from when thinking of getting money online. But the bad is that not all of them will cater to you, your needs or even your country. Each and every method of getting paid has its advantages and disadvantages. Let us have a look at a few of them:

PayPal

This is the ‘world’s favorite way of getting paid’ – or so they say. It is accepted in almost all of the developed parts of the world. But then, almost all methods of online payment are based and accepted in those same countries. But if you are living in a Third World country you might face some problems getting your PayPal account working. The main problem being that you need to get your account verified before being able to send money or make purchases online. So this makes it still the world’s #1 choice!

Payoneer

Payoneer is the second most loved way of getting paid. But what is it? Payoneer is a debit card that is acceptable anywhere where MasterCard® is accepted. Now this method of payment has a good side and a bad side. The good is that you can have access to your money instantly – you can use it at an ATM to withdraw cash. You can also make real life purchases at shops and stores that accept MasterCard. The drag is that it costs you. Every transaction can cost a $2 cut, for example. So, unless you have lots of cash in the account it might burn right through. Also, you can only get the cards from partner websites like oDesk.

MoneyBookers

You can think of MoneyBookers (http://moneybookers.com) as an online bank account. They are the next most popular methods of online business after PayPal and Payoneer. The MoneyBooker account is acceptable at websites that are serious about their business. It is easy to set up. The only drag is that you need to have to send money from a bank account in your name before you will be able to make withdrawals from it. You can do this by purchasing a virtual credit card (vcc)and then forwarding the money. It might be a bit of a hassle to set up at first, but once configured it is a cheap and easy way to move money around.

Make your choice depending on how often you will be depositing and withdrawing money, whether or not you will be making online purchases or need to make sure that your money is secure. All have their advantages and disadvantages.

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