Monetary systems (how to receive the money)

Every freelancer wants to make money and one of the main questions is, which any freelancer will ask “How to receive the money” for the work done. In my opinion, successful completion of the project is receiving money for a quality product, and not the product itself. To get money for your projects, need to understand one truth. Often customers are businessmen, already accustomed to using proven methods of money transfer and other methods do not want to use. Therefore, every freelancer should be able to use all popular methods of transferring funds.. It is the methods, since the money transfer can be through the money system and even sent to the mobile phone, who is more comfortable.

Money transfer systems

PayPal

The first most common method, used by all freelancers, This is PayPal's worldwide money transfer system.. I think it is the most convenient for a freelancer, though it does take a bit of fiddling with it.. First you need to go to the PayPal website, it is very important to also install the app on your mobile device. Install it on your mobile, or go online, going through each of the installation points and filling in all the fields correctly, as it will be very important for you in the future when withdrawing money. Money can be withdrawn both in hryvnia, and on a dollar card. Cards must be verified by PayPal and, as soon as the money comes, you can withdraw them to the bank. About, how to do it, we will talk in future articles. By the way, read carefully when registering, because it is 2 registration option one for transferring funds between individuals, relatives or to help their, and the other for business, where you can issue invoices for payment to customers and transfer money to your current account.

Payoneer

One of the very good and convenient ways to receive funds is to register and wait for the physical card to be withdrawn.. You can also send money to your bank card in dollars. This system can be connected to UpWork or receive funds from affiliate programs, like Amazon, Envato (Themeforest) and others.

Bank transfers and Western Union

You can transfer money from point A to point B using postal, bank transfers and transfers through other systems (WesternUnion). When making a bank transfer, be sure to take your passport with you., since there can be many translation options, one of which I use is a transfer to a map, there may also be a transfer in the name of the recipient and there you will need a passport. You will also need a passport when receiving money through Western Union. I didn't use it often and already forgot about it., as I say, that in Privatbank there is a very simplified procedure for receiving money. I also want to note, that Western Union transfers are very expensive, Therefore, it is much more profitable to use PayPal or Payoneer.

It is also important to understand, what is the best way to work through your current account, if you are an entrepreneur, this will allow you to pay taxes and sleep peacefully without financial monitoring that may ask you where they took the funds. Most transfer systems are designed to transfer money between relatives and to help each other.. By the way, entrepreneurs have the opportunity to register a key card for withdrawing money through any ATM, just ask your banker.

Also, if you are an entrepreneur, I recommend that you cooperate with an experienced accountant, it is not expensive, but save you a lot of money and time in the future. Although it is also useful to understand all the processes yourself. Let an accountant teach you, so that you can control its work, because we are all human and make mistakes. In case of tax errors, You may be subject to fines or penalties. Pay all taxes on time.

All in all, working paying taxes is very useful, teachers get paid for them, your parents receive a pension, utilities are running and roads are being built. All in all, a lot is done for your taxes and usually there is simply not enough time to tell about everything. If you're in doubt, that you can pay, I'll tell you a little hack. If FOP 5% tax, then just add these 5% to the cost of your services, to the client it will not be so much, and you can pay taxes without problems.