A problem most freelance translators are faces with is how to receive payment. In particular: How to receive payment for small jobs. Many translation agencies are reluctant to pay small fees via wire transfer due to the transaction fees; often they will send you a check instead. And I suppose I don’t have to tell you: The banks charge an enormous commission when you come and want to cash in your check.
3rd Party Processing, PayPal and Others
3rd party processing is a service provided by a third party for facilitating a credit card transaction between customer and merchant. Before the Internet, third party processing was seldom used. With the lure of the Internet, small and home businesses going on-line have had to find ways to take credit cards in order to remain competitive.
Using PayPal’s IPN with ColdFusion
If you’ve ever wanted to have a shopping cart solution that works in REAL time, but didn’t want to (or couldn’t) get a merchant account, your alternative is PayPal. PayPal is the leading money processing site on the web, with millions of transactions each day! A short time ago, PayPal introduced Instant Payment Notification (“IPN”) which allowed vendors the ability to sell products from their web sites and then update their databases in real time when customers checked out.
How to Save Money with PayPal
PayPal offers two types of accounts. The first is the “Personal Account” and the second is the “Premier/Business Account”. With both types of accounts you can do certain things for free. These free activities are open an account, send money, withdraw funds to U.S. Banks, and add funds.