For many freelancers in South America, getting paid is often the hardest part of the job. PayPal and Payoneer, while popular, come with their own set of challenges, long processing times, and poor exchange rates. You work hard for your money, so why should a payment platform take a big chunk of it?

The good news? There are better alternatives designed to help freelancers get paid faster, easier, and with lower costs. This guide explores the best PayPal and Payoneer alternatives and reveals why Grey is the top choice for South American freelancers looking for seamless international transactions.

Also read: How to create US and UK bank accounts as a migrant worker in Latin America

Why South American freelancers need online payment solutions

Freelancers working with international clients need efficient payment platforms for several reasons:

1. Global client payments: Many South American freelancers work with clients in the US, Europe, and beyond, requiring platforms that support multiple currencies.
2. Lower Fees:Traditional bank transfers are costly and slow, making online solutions a more affordable option.
3. Fast access to funds: Delayed payments can disrupt cash flow, so instant or quick transactions are essential.
4. Secure transactions: A trusted platform ensures freelancers receive payments without fraud risks or account freezes.

Also read: Benefits of online global bank accounts for remote workers in Latin America

Alternative payment solutions for South American freelancers

If you’re looking for a PayPal or Payoneer alternative, here are some of the best options:

1. Wise (formerly TransferWise): Ideal for freelancers needing multi-currency accounts.
2. Skrill: Supports fast international payments with lower fees than PayPal.
3. Revolut: Great for easy global payments and currency management.
4. Mercado Pago: Popular in Latin America for receiving and managing payments and works well with local banks and businesses.
5. Grey (Best alternative for South American freelancers) Provides virtual USD accounts to receive payments from international clients. Low transaction fees and competitive exchange rates.

Also read: How to manage multiple currencies as an expatriate in Brazil using Grey

Why Grey is the best for South American freelancers

• Virtual multi-currency accounts: Receive payments like a local from international clients.
• Low fees: Keep more of your earnings with Grey’s transparent pricing.
• Fast transactions: Get paid in minutes without long processing delays.
• Easy currency conversion: Convert funds at the best rates without hidden fees.

How South American freelancers can receive payments with Grey

1. Create a Grey account

Register on the Grey website or download the mobile app to get started.

2. Complete identity verification

This involves submitting a valid ID, proof of address, and a selfie for security purposes. The process is quick and ensures smooth transactions.

Also read: Top reasons your KYC verification is failing and how to fix them

3. Request your foreign bank accounts

Once verified, navigate to the ‘Accounts’ section to generate your UK, US or EU bank account to receive global payments. Your account will be generated instantly, and you’ll receive your bank account details.

4. Link your account to freelancing platforms or share your details with clients

Once you’ve created your foreign account, you can easily share it with clients or add it to freelance platforms to receive payments directly.

For freelancers in South America, Grey is the best way to receive international payments quickly and affordably. With low fees, virtual USD accounts, and seamless withdrawals, it’s the smarter choice over PayPal and Payoneer. Open a Grey account today

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