Translator Pay- new payment system for translators now live

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Lucinda Wills  Identity Verified
United States
Local time: 15:17
Member (2011)
Arabic to English
Looks promising! Feb 10, 2013

I'd like to see comments and updates about this. It looks too good to be true. Can we hear from people who've tried it?

 

Tomoyuki Kono  Identity Verified
United Kingdom
Local time: 23:17
Member (2010)
English to Japanese
+ ...
I hope it takes off but Feb 10, 2013

as a freelancer, the usual scenario is that I get asked to accept the payment methods offered by agencies, not vice versa. Once the invoice reaches my client, I have virtually zero contact with their accounts department. They seem to want (understandably) to process all their payments once a month using their own established methods. I'm hardly in a position to request, let alone impose, a new payment system to/on them. Of course, if I felt very strongly about this, I could go out campaigning for its wider adoption but as it is, I can devote so little time to invoicing and other admin tasks…

Does anyone have any experience of using peer-to-peer currency exchange, CurrencyFair and the like? Are there any implications on matters such such as compliance with money laundering regulations?

Tomo


 

missdutch  Identity Verified
Netherlands
Local time: 00:17
Member (2010)
English to Italian
+ ...
It is too good to be true Feb 10, 2013

Lucinda Wills wrote:

I'd like to see comments and updates about this. It looks too good to be true.


I'm not sure I want to try it. Here's what you can find on their website:

Free international money transfers? But there must be some cost? Surely?

Currently all money transfers made to translators via Translator Pay are entirely free—both for the LSPs and their freelancer translators. From 1st April 2013, all payments over €250 will still be entirely free for both the LSP and the translator. Small payments (less than €250), however, will attract a nominal fee of €1.99 [3].

[3] This same arrangement will apply to USD and British pounds (i.e. a $1.99 fee for payments less than $250 and a fee of £1.99 for payments less than £250). It will be up to the LSP and the translator to decide who pays any fee for small payments.


Not as much as PayPal, but not very appealing either, at least to me.


 

Samuel Murray  Identity Verified
Netherlands
Local time: 00:17
Member (2006)
English to Afrikaans
+ ...
Very limited for payments from the US Feb 10, 2013

Nice... but the only country you can pay money to from the US is New Zealand. The other countries you can send money from can generally send money to many other countries. Also, the countries that you can send money from are limited to a number of EU countries, Switzerland, the US, and NZ/OZ.

The calculator tells you what you can expect to pay:
http://www.translatorpay.com/Quick-quote.aspx


 

traductorchile  Identity Verified
Chile
Local time: 19:17
English to Spanish
+ ...
New info on translatorpay May 12, 2013

You can find new informatioon on translatorpay here:

http://www.proz.com/forum/money_matters/248677-translatorpay_publishes_recommendation.html


Traductorchile
www.sinclavos.cl


 


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Translator Pay- new payment system for translators now live

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