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Whether you are freelancing now or you aspire to become a
freelancer, cash flow is king. Realize this; if it wasn’t for 3rd
Party Payment Systems like PayPal, many freelancers would
go out of business. However, those that use only 3rd Party
Payment Systems, are losing a ton of business without even
knowing it. They are also seriously impeding the flow of cash
into their business due to inherent problems built into 3rd
Party Payment Systems.
If you are currently providing products or services online as a
freelance or independent contract business, and are or plan
on only excepting money online through systems like PayPal,
you may loose or be losing serious amounts of business and
not even know it.
Why? Because just accepting credit cards online is not always
enough; especially if you are only using a 3rd party billing
system like PayPal, ProPay or CCnow. PayPal will be
necessary with many job boards like RentACoder or Elance
but only required as long as your customer insists on
continuing to work with you through the job board. There are
ways around that I will discuss later on in this course.
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