Throughout the years, PayPal and Bank transfers have been the mode of payment for freelancing. However, cryptocurrency is changing the scene, and with it are the accepted forms of payments for businesses and freelancers alike.
Cryptocurrency can now be a mode of payment for anything in the marketplace, investments, freelancing, etc. Recently, a report from CNBC says that Mastercard is in partnership with Bakkt (a crypto firm) is preparing to announce that any of the banks and merchants on its payments network can soon integrate crypto into its products. That includes bitcoin wallets, credit and debit cards that earn rewards in crypto and enable digital assets to be spent. Also, loyalty programs like airline or hotel points can now be converted into bitcoin. This partnership could lead to a significant change the way regular people spend their bitcoins and other cryptocurrencies.
As a freelancer, cryptocurrency can now be a mode of payment, and it’s made simple and easy with Request.network.
First, let’s take about why you would want to get paid in cryptocurrency.
- Cryptocurrency transactions are FAST , when you accept crypto as payment, you remove banking. Means that you don’t have to go to a bank, or wait for the funds clearing to get your money. With cryptocurrency, transactions are easier and swift
- LOW transaction charge, aside from having a quick transaction time, cryptocurrency transactions are also known for having minimal costs compare to fiat currencies. Since there is no banking involve, there are no additional fees for transferring process.
- ACCESSIBILITY, crypto payments can be done anytime and almost anywhere. You don’t have to go to a bank or a remittance center to make a transaction. It only requires few clicks on your device.
- A WIDE variety of network, with the emergence of cryptocurrency, do don’t have to settle to a client in a specific region of the world. Now you can find clients that are willing to pay you for your photo or video editing skills and get paid easily with crypto. Not only that, you can now use your gaming knowledge to earn crypto now that NFT games like Axie Infinity is getting more and more popular.
In this article, let’s look at how a freelancer can accept cryptocurrency as a payment with request.
Say goodbye to invoice transactions that look unprofessional, transactions that don’t have any paper trail, or not compliant with accounting. Request.network is a tool for sending an invoice to your clients quickly. You could also get your payment with fiat money that you like, such as USD, EUR, etc.
To do this, first, you need an account. Signing up is easy and free. You can sign up and create your account with an email and a password, or you can sync in your own Google account. Once your account has been made, follow these steps to make your very first invoice request. To signup, click here.
Click Create an Invoice;
From here, you can select the preferred currency you would like to issue the invoice, you can choose a fiat currency, such as USD, EUR, etc., or select cryptocurrencies, like DAI, USDT, ETH, etc.
After choosing the currency, you can now add your client’s information; this includes email, where you want the invoice to be sent, the Company name, address, or any relevant details such as tax.
Next is to choose how you like to get paid; they support many major ERC20 (Ethereum Request for Comment), including DAI, BTC, USDT, and many more. After that, specify a wallet or an ENS (Ethereum Name Service) address to dictate where the funds will be sent.
Fill in your invoice information; this will include any description, quantity, price, discount, or any relevant taxes. The total amount will be automatically calculated according to the information you input. You also have the option to add a personal memo on your invoice, you can add additional information, or you can simply thank your client for their business.
After that, choose the date when you would want the invoice to be paid. There are many to choose from, from 7, 14, 30, 60, 90 days, or you can just put a custom date that you want.
Lastly, if you are unsure about some information and want to ask your client, you can click Save Draft and just come back whenever to finalize it. If you are good with the invoice that you created, you can now click Create and Send.
Now, you’ve successfully created your very first invoice, an email will be sent to your client informing you you’ve requested payment for your work. Once the payment is completed, both of you will be able to download the invoice transaction. With Request, both of you and your client’s transactions are safe.