The freelancing economy is booming, especially during the pandemic wherein more and more businesses are not requiring their workers to work from the office.
Whether you are planning to start offering your services as a freelancer or if you are already doing it, one of the things that you need to research about is how you’ll get paid.
As a FreeUp freelancer, there are two different payment methods that you can choose from: PayPal and Payoneer.
But for freelancers from the Philippines, there’s another payment method that FreeUp offers: SingX.
What is SingX?
SingX is a money remittance provider from Singapore that offers competitive and transparent pricing plus quicker transfers.
Unlike PayPal and Payoneer, wherein you need to initiate the transfer directly to your bank, SingX moves the funds directly to your account.
What are the Advantages of Using SingX?
- Provides quick and convenient money transfers
- Receive payments directly to your bank account
- Only takes 24 to 48 hours for the funds to be transferred
- Lower service fee of $2.50 fixed
- Compared to PayPal and Payoneer, they provide the best conversion rate for freelancers who are earning $60 and more
Do You Need a SingX Account to Receive Money?
No, you don’t need a SingX account. All you just need to do is to add your bank details through this link.
When will I receive my funds?
Transfers are initiated every Thursday morning. Based on freelancers’ feedback, they’re getting the funds either Thursday night or Friday morning (in EST), depending on your bank’s processing time.
Here are what freelancers has to say regarding the payment method:
Which Payment Method Should I Use?
At the end of the day, the best payment method to use depends on your needs and preferences.
Each of these methods have their own pros and cons, but if you are looking for an option for your earnings to be sent directly to your bank account, SingX is the best option.
Do you have any billing or payment concerns? Reach out to our Accounting Team today at email@example.com.