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Added for You - How To Receive Payment as a Freelance Translator?
Whenever a trial balance disagrees the following steps can be taken to discover the errors:(1) Divide the difference by two and find out if some figure equal to that (half the difference) appears in the trial balance. It is possible that such item might have been recorded on the wrong side of mal balance, causing double the difference.(2) If the mistake is not located, the difference should be divided by 9 and if difference is evenly divisible by 9 the error be due to transportation of figures, e.g. Rs. 590 wrongly recorded as 950, the difference is (950-590) 360 and it is evenly divisible by 9.(3) The next step is to recheck the debit and credit totals of trial balance to satisfy
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
As more and more people get their news from MSN, Google and Yahoo, less and less are relying on the local newspapers. In this day and age with 200 channels of Satellite Radio, 400 Channels of Satellite TV, instant breaking news by email and online news gathering of search engines the newspaper industry is taking a hit. Some say they are taking it in stride and are a valuable resource for news both local and regionally. Others completely disagree. For instance I currently take about 40 key word news items on Google News Alerts. These are things, which include my personal interests and business interests. Most people now who are Internet Savvy get their news online and only occasionally buy a newspaper from the rack. As
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
1. Attitude. In a sea of thousands of people all trying to get noticed, you have NO choice but to be unforgettable and remarkable. So you better begin with the attitude of approachability. That you’re going to stick yourself out there.2. Detach from outcomes. Sure, you have goals. Maybe to sell. Maybe to get in front of the right buyers. However, also try to focus less on the outcome and more on the big picture. Free yourself from agendas. Develop a no-entitlement attitude. And focus on having fun, delivering value and creating a memorable (er, unforgettable) presence.3. Go beyond free. Every booth, vendor, exhibitor and company is going to give something away for free. So
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
Dal? was born in Spain in 1904, and he was always outlandish and controversial. His name became an icon, and his works are unique and recognizable. Dali’s excellent job of branding himself resulted in his creating a brand like “Coca-Cola,” perennial brand. He is one of the only artists who became famous in his lifetime. As you know, many artists never receive recognition until after their death. We all wish our brands would be this well known.Dali “surrealist,” style was part of his brilliant branding. His eccentricities, poetic qualities, political disobedience, wide moustache, and unique style all made his name and his work recognizable and memorable. Not only was he an artist, he tried many different th
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
Regardless of your English as a Foreign Language teaching area, with competition mounting it’s becoming increasingly difficult to stand out and get yourself and your teaching practices noticed. One crucial, but often neglected area that you can address immediately is your image as an EFL or TESOL teaching professional. Here are some key ways you can help raise yourself head and shoulders above the rest of the teaching pack and increase your chances of development, professional and personal success.1. Dress for SuccessIncredibly, there are those who give little attention to the image they present. Any TESOL teaching related contact must be treated as an opportunity to further your skills, knowledge and pro
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
How would your business operate if half your work force were out sick? Would your business continue to function if several of your top key employees died? How many employees are cross-trained in other positions?A recent study showed the threat that most preoccupies the world's business leaders is a global influenza pandemic. This is why you need to start asking these questions now so your business can be prepared for a possible bird flu pandemic. A bird flu pandemic will not discriminate. Everyone from the janitor to the CEO would be affected. Worst-case scenario could leave millions sick and any where from 5 million to 1.5 billion people dead around the world.The World Bank, which has estimated that a bi
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 now it 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.
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