Explaining Frictionless Payment And Its Impact on Digital Business

Paymes is a one-stop platform for freelancers from where you can process your payment transactions for any product or service you sell. Paymes not only process your payment transactions but provides freelancers with an option to create a customized shop where you can showcase your products and services.

According to studies, the most common issues freelancers and small businesses face are representing their services and receiving payments from clients. About 82 percent of small businesses suffer from cash flow issues. With Paymes, freelancers can overcome both of their challenges.

Let’s look at some of the amazing features of Paymes, which make it one of the best social commerce platforms for freelancers.

1.  Easy Access

About 90 percent of freelancers work from home and often deal with clients at odd times. According to a survey, 56 percent of freelancers face challenges while accessing their laptops when their clients contact them in urgency. They are unable to send them payment links and cannot represent their product details right at the moment.

Paymes can be accessed through your mobile and are available on the store for Android and iOS users. Simply download the App, and you can enjoy similar features as on the desktop. The App guarantees complete security of your data, and the data is encrypted in transit.

Furthermore, you can analyze your sales with a user-friendly dashboard, and payment links can be easily shared across social media networks.

You can download mobile apps using the below links:

For Android: https://play.google.com/store/apps/details?id=com.paymes.app

For IOS: https://apps.apple.com/us/app/paymes/id1612045979

2.  Customized Product Options

With customized options, Paymes offer a variety of features with its shop. You can simply create your own shop with a few simple steps. Customize the theme according to your services and products and share it with the clients.

Paymes is supported by Facebook, and you can promote your shop products on more than ten social media platforms, including Instagram and WhatsApp.

Simply set up your shop, add product pictures and details, set up the background of your shop and share it with the clients.

3.  Zero Set Up Fees & No Hidden Charges

As rightly said by hbr.org, it’s time to ban hidden charges. Another major concern freelancers suffer from is hidden charges and huge transaction fees charged by payment processing companies. Freelancers are unable to make the proper calculations, and often they sell their services without earning the profit they deserve.

However, this is not the case with Paymes. There are no registration fees. It is completely free with zero hidden charges. Paymes know what freelancers have to suffer from. Hence they have kept a transparent transaction fee of 2.9 percent in Suadi Arabia and UAE and 2.5 percent + 2EGP in Egypt.

We will explore some more features of Paymes in the next part of this article.

Claudia Jeffrey
Claudia Jeffrey is currently a Manager of R&D at Crowd Writer UK She has been working as a Freelancer for the past 11 years and has served several clients worldwide. In her leisure time, she tries new recipes and travels across the globe to explore the nature of Earth.

The digital revolution has seen millions of people become freelancers. 

In a recent study of over 4,000 professionals from across the MENA region 9 out of 10 said they are either already working freelance or plan to do so.

Once fantasy but now a reality, escaping the 9-5 seems accessible to anyone. With the population increasingly becoming computer whizzes who know the difference between spectre vs specter, the freelance world is ready for a change. 

The problem is, not all freelancers have experience managing their own income, especially when it comes to invoicing and digital payments. 

Let’s now explore invoicing and digital payments so you can feel confident freelancing in the digital world. 

Invoicing for freelancers

Invoicing can be stressful. You’ve done all the hard work, but your client still hasn’t sent the money. Sound familiar? 

Often, a gentle reminder is enough, but sometimes the problem lies with missing details on the invoice itself. Include the following to avoid giving clients an excuse to pay late: 

• Issue date and due date. 
• An invoice number. 
• Your name/name of your business. 
• Your contact details. 
• Your client’s name and address. 
• Method of payment. 
• Payment details. 
• Detailed line items. 
• Make sure the invoice fulfills your quote, Pandadoc quoting software is useful here. 
• Payment terms and conditions, including late payment stipulations. 

A digital invoicing service like PayTabs helps you build the perfect invoice and set up recurring invoices to save hassle. 

Not only does this make life easy for you and your client, it displays professionalism and gives you a digital record of all previous invoices in one place. 

Digital payments for freelancers

Digital payments are cashless, contactless, and paperless, and are usually made over the internet. For freelancers and clients, the security, convenience, and speed of digital payments can make them the perfect solution. 

Although most banks allow digital payments, the process is usually slow and frustrating. Why should you have to wait ‘up to 10 days’ for your money? A better option that gives you greater control is a digital payment gateway like PayTabs. 

The benefits and features include of a digital gateway service include: 

• 24-hour onboarding. 
• Pay over social media using PayLinks. 
• Customized reports. 
• Enhanced customer experience. 
• Integration with Shopify, Magneto, and more.
• 24/7 support. 
• Funds in your account within 24 hours.
• Access to invoicing, accounting, and logistics services. 
• Mobile friendly. 

These features offer greater control and functionality compared to traditional banking methods. It’s why digital gateway services are ideal for freelancers. 

PayTabs: invoicing and digital payments made easy 

PayTabs is the perfect all-in-one digital payment solution for freelancers. Find out more about PayTabs Social Commerce platform for freelancers here.

Emily Rollwitz – Content Marketing Executive, Global App Testing
Emily Rollwitz is a Content Marketing Executive at Global App Testing, a remote and on-demand app testing company helping top app teams with continuous integration (CI) and deliver high-quality software, anywhere in the world. She has 5 years of experience as a marketer, spearheading lead generation campaigns and events that propel top-notch brand performance. Handling marketing of various brands, Emily has also developed a great pulse in creating fresh and engaging content. She’s written for great websites like Airdroid and SME News. You can find her on LinkedIn.

With the increasing digitization of business, the freelance gig economy has seen considerable growth over recent years. 

In Egypt alone there are some 14 million gig workers and numbers are rising across the MENA region.

Unfortunately, traditional financial methods aren’t tailored for the modern digital gig economy. Banks are often unwilling to provide services for freelancers, even high earners with different and sporadic income streams. This makes it difficult for freelancers to open accounts and apply for loans, insurance, and other financial services. Launching your very first online store or freelancing career shouldn’t be this hard.  

But luckily, with the rise of Fintech, a new financial solution for the digital era is here. 

The emergence of Fintech in the gig economy 

Fintech solutions bridge the gap and provide workers in the gig economy an alternative financial system. 

Gig workers can earn more than 9-5 ‘traditional’ workers, making it seem unfair that banks view them as a risk. 

Why should a hard-working freelancer have trouble finding medical cover, obtaining a mortgage, or setting up a bank account to pay their bills just because they prefer to freelance?

Banks fail to acknowledge key data about the activities of freelancers and their true potential. But that’s where Fintech solutions come in. 

Fintech businesses are uniquely positioned to provide a vital service to millions of gig workers while closing the gap on traditional payment services. Ultimately, both gig workers and Fintech businesses benefit from this arrangement. Gig workers gain access to flexible payment solutions, cheaper fees, optimization, and application integration, while Fintech businesses gain a client base of low-risk freelancers. It’s a win-win. 

AI and machine learning are revolutionizing the Fintech financial game by giving insights into gig workers and calculating the risks involved. Unlike brick-and-mortar stores of the past, financial software also goes through constant tests, like a regression test, to ensure you’re always getting the best service. 

By using pools of data to make smarter decisions, Fintech businesses can provide a more tailored and optimized service that puts users first. Furthermore, by providing a solid service, they spend less on customer acquisition as their reputation grows.  

PayTabs social commerce platform

Paymes serves as PayTabs social commerce platform across the MENA region. Members of the gig economy will be able to receive instant payments over social media platforms, for any services they render.
The micro merchant community will benefit from being able to turn their talent and creativity into payments instantly. Countries Currently Supported include UAE, KSA & Egypt
Find out how PayTabs social commerce platform can help you: here

Emily Rollwitz – Content Marketing Executive, Global App Testing
Emily Rollwitz is a Content Marketing Executive at Global App Testing, a remote and on-demand app testing company helping top app teams on how to build an android app from scratch and deliver high-quality software, anywhere in the world. She has 5 years of experience as a marketer, spearheading lead generation campaigns and events that propel top-notch brand performance. Handling marketing of various brands, Emily has also developed a great pulse in creating fresh and engaging content. She’s written for great websites like Airdroid and SME News. You can find her on LinkedIn.