Best freelancer payment methods to consider in 2024

Best freelancer payment options to consider in 2024!

Looking for the best freelancer payment options? You have come to the right place. As a freelancer in the United States, one of the critical aspects of your business is determining how you’ll receive payment for your work. Fortunately, the digital age has opened up a plethora of options beyond traditional methods like checks or cash. Let’s look into some popular payment options available for freelancers in the U.S.

Table of Contents:

  1. Direct Bank Transfer (ACH Transfers)
  2. PayPal
  3. Payment Processors (Stripe, Square)
  4. Freelance Platforms
  5. Cryptocurrency
  6. Conclusion

Receive payments via CheckYa

1. Direct Bank Transfer (ACH Transfers):

Direct bank transfers, also known as ACH (Automated Clearing House) transfers, are a common and convenient way for U.S.-based freelancers to receive payments. With this method, clients can transfer funds directly from their bank account to yours. It’s often preferred due to its simplicity and b/c there are low or no associated fees. Many freelance platforms and invoicing tools offer ACH transfer functionality, making it easy to get paid.


  • Convenience: Direct bank transfers offer a straightforward method for receiving payments directly into your bank account.
  • Low or No Fees: Many banks and payment processors offer ACH transfers with minimal or no associated fees, allowing freelancers to keep more of their earnings.
  • Fast Processing: ACH transfers typically process quickly, enabling freelancers to access their funds in a timely manner.


  • Bank Dependencies: Delays or issues can arise due to bank processing times or occasional technical glitches.
  • Limited International Reach: ACH transfers are primarily domestic, which may not be suitable for freelancers with international clients.

2. PayPal:

PayPal remains a staple in the freelance community for its widespread acceptance and ease of use. Freelancers can invoice clients directly through PayPal, and clients can pay using their PayPal balance, credit/debit cards, or linked bank accounts. While PayPal does charge fees for receiving payments, its popularity and versatility make it a reliable choice for many freelancers.


  • Wide Acceptance: PayPal is widely recognized and accepted by clients worldwide, providing freelancers with a convenient payment solution.
  • Versatility: Clients can pay using various methods, including PayPal balance, credit/debit cards, and linked bank accounts.
  • Security: PayPal offers buyer and seller protection, adding an extra layer of security for transactions.


  • Transaction Fees: PayPal charges fees for receiving payments, which can eat into freelancers’ earnings, especially for large transactions. Learn more about PayPal’s transaction fees here. 
  • Hold Policies: PayPal’s hold policies on funds can sometimes lead to delays in accessing payments, impacting cash flow.
  • Dispute Resolution: Resolving disputes with clients through PayPal can be time-consuming and occasionally biased towards buyers.

3. Payment Processors (Stripe, Square, etc.):

Payment processors like Stripe and Square offer robust solutions for freelancers to accept payments online. These platforms provide customizable invoicing, seamless integration with websites and e-commerce platforms, and a range of payment options for clients. While they do charge transaction fees, their user-friendly interfaces and extensive features make them worth considering, especially for freelancers with their own websites or those working in e-commerce.


  • Customizable Solutions: Payment processors offer customizable invoicing and payment solutions tailored to freelancers’ needs.
  • Integration: Easy integration with websites and e-commerce platforms simplifies payment processes for freelancers operating online.
  • Diverse Payment Options: Payment processors support various payment methods, including credit/debit cards, digital wallets, and ACH transfers.


  • Transaction Fees: Similar to PayPal, payment processors levy transaction fees on each payment received. Learn more about Stripe’s payment processing fees here. 
  • Technical Issues: Occasional technical glitches or downtime on payment processor platforms can disrupt transactions.
  • Learning Curve: Setting up and configuring payment processor accounts may require a learning curve for some freelancers.

4. Freelance Platforms (CheckYa):

Many freelance platforms, such as CheckYa, Upwork, Fiverr, offer built-in payment systems that facilitate transactions between freelancers and clients. These platforms often provide multiple payment options, including direct bank transfers, PayPal, and sometimes even cryptocurrency. While using these platforms may incur service fees, they provide added security and convenience by handling contracts, invoicing, and dispute resolution within their ecosystem. But platforms like CheckYa gives you a way to pass on the transaction fee entirely to your clients. Let’s look in detail about CheckYa. 


As a freelancer, managing the various aspects of your business, from client communication to invoicing and payment processing, can be overwhelming. That’s where CheckYa comes in. CheckYa is an all-in-one business tool designed to streamline and simplify your freelance operations, offering comprehensive invoicing and payment processing solutions tailored to your needs.


Core Features of CheckYa

Easy Invoicing Process: With CheckYa, creating and sending professional invoices to your clients is quick and easy. Whether you’re billing for hourly work, project milestones, or flat-rate services, CheckYa’s intuitive invoicing interface makes it easy to customize invoices with your branding and relevant details. You can add itemized lists of services rendered, include notes or terms, and even set up recurring invoices for regular clients, saving you time and effort.

Diverse Payment Options: One of the standout features of CheckYa is its partnership with Stripe and PayPal, two of the most trusted payment processors in the industry. This partnership enables freelancers to offer their clients a wide array of payment options, including Google Pay, Apple Pay, credit cards, debit cards, and ACH transfers. By providing multiple payment avenues, CheckYa ensures that you can accommodate your clients’ preferred payment methods, enhancing convenience and flexibility for both parties.

Fee Splitting Feature: One common pain point for freelancers is absorbing transaction fees associated with payment processing. CheckYa addresses this challenge with its innovative fee splitting feature, allowing freelancers to transfer these fees directly to their clients. By passing on transaction costs, freelancers can keep more of what they earn, maximizing their profitability.

Centralized Business Management: Beyond invoicing and payment processing, CheckYa serves as a centralized hub for managing various aspects of your freelance business. You can track invoice status, monitor payment receipts, and gain insights into your earnings. With all essential business functions consolidated within CheckYa’s user-friendly interface, you can streamline administrative tasks and focus more on delivering exceptional work to your clients.


  • Built-in Payment Systems: Freelance platforms provide integrated payment systems, simplifying transactions between freelancers and clients.
  • Security and Escrow: Platforms often offer escrow services and dispute resolution mechanisms, ensuring payment security for freelancers.
  • Streamlined Processes: Contracts, invoicing, and communication are centralized within the platform, streamlining administrative tasks for freelancers.


  • Service Fees: Freelance platforms typically charge service fees on transactions, reducing freelancers’ overall earnings. But using platforms like CheckYa, you can pass on this fee to your clients
  • Dependency: Relying solely on freelance platforms for payments may limit freelancers’ autonomy and control over their business.

5. Cryptocurrency:

For freelancers comfortable with digital currencies, accepting payments in cryptocurrencies like Bitcoin or Ethereum is an option gaining traction. While still relatively niche compared to traditional methods, cryptocurrency payments offer decentralization, low transaction fees (compared to some traditional methods), and potential for global transactions without currency conversion fees. However, freelancers considering this option should be aware of the volatility and regulatory considerations associated with cryptocurrencies.


  • Lower Transaction Fees: Cryptocurrency transactions typically have lower fees compared to traditional payment methods, saving freelancers money.
  • Global Accessibility: Cryptocurrencies can be accessed and used by anyone with an internet connection, providing freelancers with a borderless payment solution.
  • Security: Cryptocurrencies offer advanced security features through blockchain technology and cryptography, reducing the risk of fraud and identity theft.
  • Fast Transactions: Cryptocurrency transactions can be processed quickly, allowing freelancers to receive payments in a timely manner, especially for international clients.


  • Volatility: Cryptocurrency prices are highly volatile, posing a risk of potential loss in value between the time of receiving payment and converting it to fiat currency.
  • Limited Acceptance: Cryptocurrency acceptance as a form of payment is still limited compared to traditional currencies, potentially restricting freelancers’ ability to use it for everyday expenses.
  • Regulatory Uncertainty: Cryptocurrency markets are subject to evolving regulatory frameworks, leading to uncertainty and potential compliance challenges for freelancers.
  • Security Risks: While blockchain technology enhances security, freelancers are still vulnerable to cybersecurity threats such as hacking and phishing attacks.


As a freelancer in the U.S, the payment options available can be both empowering and overwhelming. By understanding the pros and cons of each method and considering factors such as fees, security, and client preferences, you can select the payment options that best suit your needs and streamline your freelance business operations. Whether you opt for traditional methods like direct bank transfers or choose innovative solutions like cryptocurrency, prioritizing a seamless payment process ensures you get compensated fairly for your valuable work.

CheckYa: All in one tool for freelancers

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Over 35,000 freelancers and creatives use CheckYa to generate additional income.