How Do Digital Nomads Get Paid?
By George C. Georgiou
If you work from home, are an affiliate marketer, or are a digital nomad, chances are that you will get paid via PayPal.
This is a no-brainer since PayPal is an online financial institution offering its services across 200 countries, 34 million merchants accept payment via PayPal, and already 392 million people are using their services.
One of the benefits of PayPal is that it has free or low transaction fees, and as a result, most affiliate marketing networks use PayPal to pay their affiliates, and some of them offer PayPal as the only means by which they pay their affiliates, so if you don’t have an account with PayPal you simply will not get paid!
Once you open an account with PayPal and register your credit or debit card, you can pay for different products and services, send money, and accept payments without entering your financial details. This feature, along with the fact that they have 24/7 data encryption and anti-fraud technologies, safeguards your money.
Other benefits of having a PayPal account include:
– It’s free to open and maintain an account.
– Globally recognized
– Most of your purchases have insurance, meaning you can ask for a refund and get it if the service or product did not arrive or match the original description.
– Using the PayPal app or your online account, you can send money to virtually anybody, almost anywhere, with a tap, click, or link.
More innovations from PayPal:
Your PayPal account comes with a Balance account as well. This functions as a savings account, and even though it doesn’t pay you any interest, you can use that balance to purchase products and services or send money spend without using your registered credit or debit card.
Through the Balance account, you may also use PayPal’s additional services, such as credit cards, debit cards, and prepaid cards. With such a card at hand, you may also be able to withdraw cash from almost any ATM in the world.
Recently, PayPal started giving loans to their clients; just in case you need some working capital for your business. With this move, I wouldn’t be surprised that their next step would be opening a brick-and-mortar bank.
Finally, I want to say that PayPal offers two types of accounts: personal and business. We recommend opening a business account from the start, as it gives you more options.
Here’s a tip, if you don’t have a business but own a website, then you can write down the name of your website as the name of your business, and you will get accepted!
PayPal has all your financial needs covered and is available to you even if you live in a third-world country, as long as you have access to the internet.
If you are also interested in finding what kind of online jobs a digital nomad does, then check out this post here!