JumpyPotato

How to receive foreign payment of freelance

Fellow freelancers of coders/designers.

I used to freelance via upwork. Now I have a direct UK based client outside of Upwork. I don't know how to receive a payment.

Do i set up a PayPal account ?
He said he can try using WISE transfer ? Is it possible to transfer directly to my personal bank account ?
What are the rules ? Does RBI creates issues in bank transfer/PayPal ?
Anything I am missing?

Want to complete this all today so he sends it tomorrow and I get a Diwali baksheesh :) Help appreciated.

13mo ago

Find out if you are being paid fairly.Download Grapevine

PeppyMarshmallow

Stealth13mo

I get money using SWIFT into my bank account directly.

FuzzyRaccoon

Stealth13mo

Even I get via the same. Just mention to your client to transfer via wire transfer

GoofyDonut

Stealth13mo

Do i set up a PayPal account

You could, only need a international enabled bank and debit card

He said he can try using WISE transfer

Similar to PayPal, better exchange rates though

Is it possible to transfer directly to my personal bank account

Also yes, just need to be enabled, talk to the bank for a SWIFT code and accepting remittances

What are the rules

Conversion rate received would be lower. 1GBP would be something like 97-98INR not 101-102. Banks take a cut. Taxation you would be familiar since you did freelance before.

Does RBI creates issues in bank transfer/PayPal

Unless you're receiving monies in millions, no!

DizzyLlama

Freelancer13mo

But OP, do be careful to claim ITR properly. Now that this money is in via foreign remittance, it will be tracked to you

SillyBurrito

Student13mo

@Kotakachori11 OP any tips to get clients as a freelancer?

JumpyPotato

Freelancer13mo

Find a niche. E.g. Don't be just a website to developer. Be a fintech website developer working on react native.
Be selective with work. Start with Indians. Work with westerners/NRIs. Use linkeind. Chase less attract more. Word of mouth is most important. Build digital assets, retainerships, side businesses and Get big name tags in your CV. Sirf freelance se Ghar nahi chalta