After not hesitate to ask the client for more

After you have
accomplished your work, it is inevitable that you would look forward for the
fruits of your hard work. But there are times; unexpected things happen like
clients will not pay your service. A client that pays his/her worker is
different from a client that does not pay. It is your obligation to work for
the client and a client to give the result of your labour especially when you
have produced a good quality of output. Clients who compensate late tend to do
that because of insufficient funding for the project or there were some
modifications with your work and they were waiting for the revised version of
the project then the payment will come after such. Certainly if you are into
freelance world, there will be non-paying clients. So as a transcriptionist,
how can you avoid working with those kinds of people? Here are some tips on how
you can avoid non-paying clients:

Conduct a thorough
research about your prospective client. Before you actually apply to a specific
job, it is good that you will check the identity of your client. You must make
sure that you have the full contact details including postal address and phone number.
A professional client provides these at the footer of their E-mail. If the
business name does not appear in the search result, do not hesitate to ask the
client for more details. Since this is on freelance case, you are free to know
the general public opinion about him/her. You can visit freelancer forums to do
that. If a potential client is based on acquaintances, you can ask your
friends’ opinion because they might know more information about the client.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

Make sure that you
have signed a written contract. If you will be working as a freelance
transcriptionist, you should sign a contract before you start working. If there
is no written agreement, it is impossible to force the client to pay you by any
legal measures. It is a legal proof that you and your client have mutually
agreed upon certain terms and conditions. It must includes and explicates the reciprocal
obligations between you and your client, nature of relationship, task
description, transcription rates (payment schedule), standards for work
performance (penalties for failing to meet the work standards), procurement of
equipments needed for the job, etc. If this will be in a form of project,
indicating the scope and milestone should be present in the contract. So, do
not start working without a contract.

It is okay that you
will ask for a down payment as you start with the project. It can be a
percentage of your final fee. This is also normally done if you will be in fix
rate basis and especially if the client is new. Make sure to put the
arrangements in writing.

 

This topic will
discuss the common methods on how online workers receive their payments. As a
transcriptionist, there are ways or methods on how you can be paid by your
clients. This is generally called payment system. This is used to settle or
complete a certain financial transaction for any type of business. It is the
process of transferring monetary value to compensate a specific service or
product. The exchanging of such value is possible through the involvement of institutions
as well as financial matters are concern, instruments, people, rules,
procedures, standards, and technologies.

Let’s take a look at
first the paper-based payment. This involves the presence of a check. For
instance, Company X has a team of online transcriptionist. The company pays its
contractors every 5th and 20th of each month based
on the completed work of the contractor within the said period. The work is being calculated through an invoice or production
sheet. After two to three business days, the transcriptionists are free to get
their check
payment in the physical office. They can also request
for the deposit of the amount in their official
bank account.

In this digital age,
the technology plays a huge role to execute payment processes. The electronic
payment system is entirely utilized because it gives security and convenience
to both client and service provider. Therefore, online banking was created.
Financial institutions conduct transactions in a secure website. The transactions
are secured by a username and password. For the clients to be able to pay their
online workers, they are using different online payment solutions. Thus, the
process of sending and receiving payments become faster and easier. The two popular
payment solutions are Payoneer and PayPal. They are both well established and
trusted company. However, there are a lot of client websites utilized PayPal as
their payment processor. So as an online worker, all you have to do is to
connect your PayPal account in a particular website. However, there are clients
who are also asking their online staffs’ E-mail address for the payment to be
sent and this is a good thing with PayPal users. Clients do not need to know
your bank details. When it comes to Payoneer users, before a payee receives
his/her payment, he/she needs to create a payment request to the client using
his/her Payoneer account. A client will receive the payout request in his/her
E-mail address. The email will contain the details of the payment and a link to
the Payoneer online payment application. Then, the client needs to open the
link and enter some details as well as the credit card information to the
complete the payment. Finally, an E-mail confirmation will be sent to both parties
to confirm the completion of payment process.

And for you to
withdraw the funds that have been deposited by the client, you can link your
credit card and local bank account.

There are charges as
you withdraw funds from any payment solution you are using. These depend on the
payment processors’ and banks’ policy. For example, when a person who uses
PayPal withdraws an amount that is less than P7,000.00, a certain charge will
be applied. But if more than the said amount, no fees will be collected. But
the transferring process with PayPal takes three to five business days. While
with Payoneer, it only takes two to three business days for the amount to be transferred
to your local bank account. Withdrawing money from your Payoneer account to a
bank account in a different currency will cost you up to 2% above the
mid-market rate. If you are moving money into your bank account in the same
currency you will pay $1.50 or P75.00 for the transaction. Therefore, every
charges that these online payment services providers impose are subject to modifications
due to the result of exchange rates.