A problem most freelance translators are facing is how to receive payment. In particular: How to receive payment for small jobs. Many translation agencies are reluctant to pay small fees via wire transfer due to transaction fees, they often send you a check instead. And I suppose that I have to tell you: The banks charge a huge commitment when you come and want to cash in your check. Then came PayPal? Basically PayPal lets you send and receive payments online. The Commission bases its service on the existing credit and bank card networks, but is not a bank itself. Registration is free, all you need is an email address. Sending money is free – receiving money however, is not.
You pay 3.4% of the amount received unless you are receiving dollars, in this case you pay 2.9% of the amount received. Then you have to pay a fixed fee for each transaction: 0.35 euros, or $ 0.30. You also have to pay a fee of Cross Boarder 0.5% – 1.0% if payment is received from a person located in another country. Then you have to pay a small fee when you withdraw your money from your normal bank account. (Unless your bank is in the United States, then you do not have to pay this fee.) How much is it depends on the country where they are in I for instance live in Switzerland and have to pay 0.50 CHF to withdraw to my account. Banks in EU countries except the United Kingdom, all charge 1.0 Euro.