Skip to main content

Global Payment Accounts for Freelancers

E
Written by Elvia Amelia
Updated over 4 months ago

Freelancers often work with clients worldwide. Handling payments in different currencies can be tricky and costly. Global payment accounts solve this problem by letting freelancers receive payments directly in their chosen currencies, without extra fees.

What Are Global Payment Accounts?

  • These accounts allow you to hold different currencies (USD, EUR, etc.) in one place.

  • Example: A freelancer in Europe can set up a USD account and get paid in US dollars without converting to euros.

Why Global Payment Accounts Are Useful

  • Avoid Extra Fees: Get paid in the currency you choose, without conversion fees.

  • Easier Tax Reporting: Keep different accounts for different currencies to track your income easily.

How to Use Your Global Payment Account

  1. Receive Payments in the Right Currency

    • Set up accounts for currencies like USD, EUR, etc.

  2. No Middleman

    • Receive payments directly, without extra banks or fees.

  3. Track Your Income Easily

    • Keep your finances organized with separate accounts for each currency.

Why Freelancers Need Global Payment Accounts

  • Receive payments in the right currency.

  • Save money on conversion fees.

  • Keep track of income for taxes.

Setting up a global payment account helps freelancers manage international payments easily and cheaply.

Did this answer your question?