Freelancing fun: Earning in different currencies
Posted by Samar | Posted in Freelancing | Posted on 03-09-2009
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One of the most fascinating aspects of freelancing is the potential to earn in different currencies. I get a thrill every time I seal a deal that would mean earning in a different currency. It’s probably one of my crazier thrills but seriously, how cool is it?!
Thanks to PayPal, the fact that I have home base in two countries and siblings in others who can help me set up whatever’s needed, I’ve had an easier time working it out. Also the fact that I live in a tax free country makes the execution all the more hassle free!
So how many currencies am I earning in anyway? The answer to that would be four. Two of those are handled by PayPal. (Don’t you just love their feature which helps you maintain money in different currencies?), third currency is of the country of my residence and fourth one is of my home country.
There are aspects such as monthly withdrawals and international money transfers which need planning or else I’ll end up paying more in service charges than can be justified.
As a freelance writer, how many currencies have you earned in and how do you handle payments by international clients?
Photo Credit: Rene Ehrhardt
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2 different currencies GBP£ and USD$. I also use Paypal. Can’t fault it really.
One thing about working in multiple currencies: the pinch of the recession (depression?) doesn’t seem so bad. Or is that just me?
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PayPal is great. My only gripe with them is that it’s not available in UAE. I’d really like to withdraw funds to my Dubai bank rather than depend on a US one.
It’s not just you. I started freelancing just a few months before the recession hit and I haven’t felt the pinch. Sure I had a few bad weeks but I’d term them as slow weeks. Work always picks up from what I’ve noticed.
Paypal is great, didn’t know it could come useful to people countries abroad (abroad for me because im in the US).. Ive been using it since 06′..
We’ve worked for clients overseas before and Paypal makes it very easy to get paid, but if the value of work is high then the fees paid can be a little painful.
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