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Freelancing has become more than just a trend in recent years — it's an economic powerhouse. According to World Bank, almost 47% of global workers today are freelancers and the international freelance market is worth $3.39 billion. With a rapid growth in people moving from employee to self-employed, platforms like Freelancer have risen to prominence, connecting businesses and professionals to the skills they require.
If you're an entrepreneur seeking services or a professional looking for opportunities, Freelancer is a platform you should certainly consider. But how do you handle payments, especially if traditional banking isn't an option? In this blog, we’ll explore this topic in depth.
Freelancer is a global crowdsourcing marketplace, allowing potential employers to post jobs that freelancers can then bid to complete. Covering a diverse range of sectors, from graphic design and web development to writing and marketing, Freelancer is home to a vast talent pool, ready to take on a plethora of projects.
The digital transformation of the last decade has reshaped how businesses operate. One of the most significant shifts has been the rise in companies seeking external talent for specialised tasks. According to a report from the World Economic Forum, by the end of 2021, 70% of employers believed freelancing platforms would become a significant part of their talent acquisition strategy. Here's why:
The Numbers Speak for Themselves
In 2021, the number of job postings on Freelancer increased by nearly 25% compared to the previous year, indicating a rising demand for freelance talent. Moreover, employers who used the platform reported a 30% reduction in project costs, thanks to the competitive bidding system and the vast array of price points offered by freelancers from different regions.
Navigating finances as a freelancer can be quite a task. Ensuring that payments are secure, quick, and hassle-free is critical for both freelancers and employers. Freelancer offers a range of payment methods to cater to its global audience, but what about those who don't rely on conventional banking?
That’s where Pyypl can be a game-changer.
Pyypl offers a 100% digital Mastercard, acting like any traditional card but with the perks of being entirely online. Designed for those who may not have access to standard banking or prefer the ease of online solutions, Pyypl makes online transactions smooth and stress-free.
Here's why choosing Pyypl as your payment method on Freelancer can be a strategic move:
While Freelancer is a dominant force in the freelance marketplace arena, several other platforms also offer a wealth of talent across multiple disciplines. Understanding these alternatives can help businesses and individuals make more informed decisions about where to source talent for their projects:
Fiverr: Initially started as a platform where individuals offered services for a flat fee of $5, Fiverr has now evolved into a comprehensive freelance marketplace. It's unique in its approach, allowing freelancers to set up "gigs" based on what they offer. This structure makes it easy for clients to shop for the exact service they need, often at a fixed price.
Upwork: Formerly known as Elance-oDesk, Upwork is one of the most extensive freelance platforms in the world. Its broad range of categories ensures that businesses can find freelancers for almost any kind of job, from writing and graphic design to software development and legal consultancy. The platform offers both hourly and fixed-price contracts, providing flexibility for different types of projects.
Toptal: Taking a slightly different approach, Toptal boasts that they have the top 3% of freelance talent. They focus on connecting companies with elite software developers, designers, and financial experts. This platform is ideal for businesses that want to ensure they're getting top-tier talent for their projects, although this might come at a premium price.
Guru: With its intuitive workroom feature, Guru makes it easy for businesses to manage their hired freelancers. The platform has a unique system where freelancers can showcase their previous work experiences, making it easier for businesses to vet potential hires.
Having a payment method that aligns with the demands of modern-day freelancing is invaluable. Freelancer opens a world of opportunities, and with Pyypl, even the payment process becomes simplified. By integrating modern payment solutions with platforms like Freelancer, the barriers to global collaboration are reduced, allowing talent and opportunities to connect seamlessly.