3 Easy Steps to Accept Online Payments For Freelancers

Freelancers face a lot of technical issues while receiving their payments online. If you are a Freelancer and want a permanent solution to this problem, connect with LetsPe, the Best Payment Gateway. This Payment gateway for freelancers will help you and take all your worries of your online payments. A payment gateway service is one of the most prominent ways to get solutions to all online payment problems. In this article, we have covered all about payment gateways and how freelancers can take benefit out of this service.

What is a Payment Gateway?

A payment gateway is a technical layer that lets you confirm your customers' credit or debit card information and make sure they have sufficient funds when they make an online purchase. It is basically a digitalized tool that any freelancer can use for the online transaction of payments. A highly secure method to get online payments. 

How does Payment Gateway Work?

On behalf of freelancers, payment gateways are web-based middlemen services that will safely verify, approve, or decline digital payments. Freelancers can accept daily payments made by their customers for their services using payment gateway integration services. 

How does payment processing work for freelancers?

Now, as you are aware about what a payment gateway is, you should understand how it processes for freelancers. Freelancers don't sell goods, so your terms of payment and invoicing clients will be different from those of a regular merchant operating an eCommerce site for a retail business. In spite of this, the majority of clients on freelance job sites fund their accounts and pay freelancers via ACH or credit cards. Therefore, there is absolutely no difference for your clients if you use your personal payment method.  All payment gateway do is they process customers credit cards directly with you, avoiding the freelancing employment marketplace.

• This is the complete working guide for a payment gateway:
• Customers enter card details or any other kind of digital payment detail. 
• Payment information is encrypted and gets transmitted by payment gateway.
• The payment processor receives the information from the payment gateway.
• Payment processor sends the details to the card issuing bank for transaction authorization.
• Issuing bank of client’s card then denied or approved the transaction (Depends on the available funds and another security checks)
• This decision issuing bank of the customer, whether denied or approved, is further sent to the payment gateway.

Two scenarios:

• If approved - Transaction stated as Completed.
• If not approved - Transaction stated as Pending.

Once the payment gateway approves the transaction status, they send the amount to the freelancer's business bank through your acquiring bank. In the final step, the freelancer receives the funds in their account depending on the specific terms & conditions they have agreed with the payment gateway. 

How can a Freelancer connect with a Payment Gateway?

Now as you have understood the payment processing flow for freelancers via Payment Gateways, you will get to know how a freelancer can connect with a payment gateway in just 3 simple steps below. LetsPe Payment Gateway is the leading organization that works both as a Payment Gateway and a Payment Aggregator firm. Read below and make all of your payment transactions swift and secure.

3 EASY Steps to Accept Online Payments For Freelancers

All freelancers just have to follow these below mentioned easy steps to accept online payments:

Select the most suitable payment gateway.

Choose a Payment gateway for freelancers that suits your online transaction needs like Fast Settlement, Weekend settlements, secure transactions, multi-currency payment acceptance, Transaction charges (per payment) and others such.

Complete the account creation process.

Create your account on the Best Payment Gateway provider’s site. Complete all the documentation required by the payment gateway and get your Public API Keys.

What are Public API Keys?

A code used to uniquely identify and authenticate an application or user is called an application programming interface (API) key.The payment gateway businesses typically generate the Public API Keys, which are then made available to other merchant types or freelancers. They give freelancers access to public information or application functionalities.

Get the payment link & use it for online transactions.

After the completion of the onboarding process and all confirmations, the freelancer gets the Online Transaction link. This link is used by the freelancer to get all the online transactions securely and in an encrypted format.  

Checklist before using the link for payments:

Successful Testing.

API Keys & Configurations double-check.

All legality complete documentation check.

Monitor live transactions initially.

Integrate on Best payment Gateway for Freelancers

Now you must be wondering which is the top payment gateway that is most suitable to all the freelancers around. Don’t worry! We have already addressed your query.

After comparing the services of multiple payment gateways, we got LetsPe Payment Gateway as a conclusion which fulfills all the needs of freelancers regarding online transactions.  LetsPe, Best Payment Gateway,Integration Services step by step process: 

Creating an account on www.letspe.com 

Provide the required documentation as per your transaction requirements.

Get your API Keys and get access to the Dashboard.

Copy your payment link from there and paste it however many times you wish.

Conclusion

Complete guide for freelancers including the process to integrate with a Payment gateway for freelancers, the 3 simple steps included in it and making secured transactions using the link provided by payment gateway is given above here in this article.