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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