How payment headaches are holding back the trillion-dollar freelance workforce

Nov 21, 2018

We’ve all seen them. “10 ways to make extra money in your spare time” or “Pursue your passion and make more money — on your terms.”

It sounds too good to be true, and often enough it is. But if you look past the get-rich-quick schemes, there is deep truth even in what these lame web pop-ups are preaching.

Namely, that it’s perfectly possible to make good money doing work that you don’t hate, in a job you created for yourself.

It’s a phenomenon that goes by many names — freelancing, gig work, side hustle — and these days it’s one of the most interesting and important forces in our economy.

From taxis to food delivery to graphic design, the rise of the freelance workforce has turned entire industries on their head, while reinventing others along the way.

In this time where full-time, permanent jobs can be as elusive as unicorns, 35 per cent of U.S. workers (and soon maybe as much as 45 per cent in Canada) make all or some of their living as freelancers, to a collective tune of USD$1 trillion per year.

The question of who these freelancers are has countless different answers. Why they do it has even more.

They do it to add to their income, as a supplement or maybe the whole shabang. They do it to pursue passion projects or work at something they love. They do it to reclaim control of their work-life balance, or because they love the independence and challenge of being their own boss.

Bottom line: they do it because it works, because creating for yourself a reliable way to make money isn’t just a pipe dream anymore — it some ways it’s even getting convenient.

 

What’s standing between freelancers & growth?

Technology platforms have opened door after door for would-be freelancers, with platforms that handily connect the wanters and doers of all kinds of services.

But when it comes to arguably the most important part of work — actually getting paid — technology hasn’t caught up to the needs of the independent worker or entrepreneur.

In fact, for the many freelancers who find work and get paid outside of digital gig economy platforms, figuring out how to get paid is a regular obstacle.

And for many freelancers, it’s actively holding them back.

A whopping 84 per cent of freelancers surveyed in 2018 by PYMNTS.com said they would do more gig work if they had a way to get paid faster.

Digging into how most freelancers get paid today, it’s no surprise. The study found consumers paid gig workers by cash in 47 per cent of cases and by cheque 41 per cent of the time, with PayPal coming in third at 37 per cent.

That means carrying around uncomfortable sums of money, regular detours to deposit cheques, waiting three to five days with your money in electronic limbo — these are all still regular headaches for a large slice of the workforce, that just wants to get paid for the work they’ve done.

Technology stepped up to open the floodgates for the freelance revolution, but left a lot of gig workers with a huge gap between what they need to make payday happen and what they can actually access.

 

For freelancers, fast payments matter

It’s sad, when you think of it: there is as much as a third of the workforce that’s ready, willing and able to do more work, make more money, and create more economic spin-off, but they don’t because the payment headache is too great.

Sadder still: the ones facing a lack of payments options are the ones whose needs are most pronounced.

Freelancers.

The side hustle has always come with its extra headwinds. Demanding work, unpredictable schedules, and a business that can only roll as fast as you push it.

Freelancers need their money to make it to them fast not only to invest in themselves, but just to make their businesses run — because they run them by themselves.

Photographers invest in lenses. Fitness trainers invest in new skills and certifications. Mowing lawns or shovelling snow? Prepare to pay upfront for mowers, shovels, gas — you get the idea.

This revenue doesn’t just go to support their families or supplement their income. It gets continually reinvested into the workforce that produces it.

And yet, even in the age of mobile payments and digital everything, when we carry supercomputers in our pockets, the technology to support the most basic part of doing business — getting paid — has not caught up.

Until now.

 

Introducing Glance PayMe

Glance Technologies has stepped up to fill the gap that’s holding freelancers back.

Freelancers, gig workers, entrepreneurs and not-so-small business owners — they need more control, more convenience, and more confidence that their payments are going through smoothly and safely.

For them, payday is still a pain in the butt far too often, and the weight of waiting to get paid is literally and significantly getting in the way of growing this part of the economy.

It’s time that freelancers got a solution to this bottleneck holding their business back. It’s time they got a payments solution that worked for them, instead of making them work more.

That’s where Glance PayMe comes in.

Glance PayMe is the mobile POS made for the modern freelancer, that puts in your pocket the full, flexible powers of the mobile payments revolution, and gets your earnings into your account by next business day.

Glance PayMe requires no separate payment processing and no extra hardware.

It delivers low fees (just 2.5% in Canada & 2.59% + 10¢ in the U.S.!) and next-business-day deposits so that you can forget about leaving your money in limbo for days and days.

Download Glance PayMe for free for iOS and start getting paid today with fast and easy setup, no added hardware, and, at least, relief from the payday headaches holding you back.

 

 

Geoff & Marion, The Glance Blog Team

We’ve all seen them. “10 ways to make extra money in your spare time” or “Pursue your passion and make more money — on your terms.”

It sounds too good to be true, and often enough it is. But if you look past the get-rich-quick schemes, there is deep truth even in what these lame web pop-ups are preaching.

Namely, that it’s perfectly possible to make good money doing work that you don’t hate, in a job you created for yourself.

It’s a phenomenon that goes by many names — freelancing, gig work, side hustle — and these days it’s one of the most interesting and important forces in our economy.

From taxis to food delivery to graphic design, the rise of the freelance workforce has turned entire industries on their head, while reinventing others along the way.

In this time where full-time, permanent jobs can be as elusive as unicorns, 35 per cent of U.S. workers (and soon maybe as much as 45 per cent in Canada) make all or some of their living as freelancers, to a collective tune of USD$1 trillion per year.

The question of who these freelancers are has countless different answers. Why they do it has even more.

They do it to add to their income, as a supplement or maybe the whole shabang. They do it to pursue passion projects or work at something they love. They do it to reclaim control of their work-life balance, or because they love the independence and challenge of being their own boss.

Bottom line: they do it because it works, because creating for yourself a reliable way to make money isn’t just a pipe dream anymore — it some ways it’s even getting convenient.

 

What’s standing between freelancers & growth?

Technology platforms have opened door after door for would-be freelancers, with platforms that handily connect the wanters and doers of all kinds of services.

But when it comes to arguably the most important part of work — actually getting paid — technology hasn’t caught up to the needs of the independent worker or entrepreneur.

In fact, for the many freelancers who find work and get paid outside of digital gig economy platforms, figuring out how to get paid is a regular obstacle.

And for many freelancers, it’s actively holding them back.

A whopping 84 per cent of freelancers surveyed in 2018 by PYMNTS.com said they would do more gig work if they had a way to get paid faster.

Digging into how most freelancers get paid today, it’s no surprise. The study found consumers paid gig workers by cash in 47 per cent of cases and by cheque 41 per cent of the time, with PayPal coming in third at 37 per cent.

That means carrying around uncomfortable sums of money, regular detours to deposit cheques, waiting three to five days with your money in electronic limbo — these are all still regular headaches for a large slice of the workforce, that just wants to get paid for the work they’ve done.

Technology stepped up to open the floodgates for the freelance revolution, but left a lot of gig workers with a huge gap between what they need to make payday happen and what they can actually access.

 

For freelancers, fast payments matter

It’s sad, when you think of it: there is as much as a third of the workforce that’s ready, willing and able to do more work, make more money, and create more economic spin-off, but they don’t because the payment headache is too great.

Sadder still: the ones facing a lack of payments options are the ones whose needs are most pronounced.

Freelancers.

The side hustle has always come with its extra headwinds. Demanding work, unpredictable schedules, and a business that can only roll as fast as you push it.

Freelancers need their money to make it to them fast not only to invest in themselves, but just to make their businesses run — because they run them by themselves.

Photographers invest in lenses. Fitness trainers invest in new skills and certifications. Mowing lawns or shovelling snow? Prepare to pay upfront for mowers, shovels, gas — you get the idea.

This revenue doesn’t just go to support their families or supplement their income. It gets continually reinvested into the workforce that produces it.

And yet, even in the age of mobile payments and digital everything, when we carry supercomputers in our pockets, the technology to support the most basic part of doing business — getting paid — has not caught up.

Until now.

 

Introducing Glance PayMe

Glance Technologies has stepped up to fill the gap that’s holding freelancers back.

Freelancers, gig workers, entrepreneurs and not-so-small business owners — they need more control, more convenience, and more confidence that their payments are going through smoothly and safely.

For them, payday is still a pain in the butt far too often, and the weight of waiting to get paid is literally and significantly getting in the way of growing this part of the economy.

It’s time that freelancers got a solution to this bottleneck holding their business back. It’s time they got a payments solution that worked for them, instead of making them work more.

That’s where Glance PayMe comes in.

Glance PayMe is the mobile POS made for the modern freelancer, that puts in your pocket the full, flexible powers of the mobile payments revolution, and gets your earnings into your account by next business day.

Glance PayMe requires no separate payment processing and no extra hardware.

It delivers low fees (just 2.5% in Canada & 2.59% + 10¢ in the U.S.!) and next-business-day deposits so that you can forget about leaving your money in limbo for days and days.

Download Glance PayMe for free for iOS and start getting paid today with fast and easy setup, no added hardware, and, at least, relief from the payday headaches holding you back.

 

 

Geoff & Marion, The Glance Blog Team

Join our mailing list

All fields are required
By clicking "Subscribe", you agree to receive newsletters and other publications from Glance Technologies. Rest assured that none of this information is sold or distributed to any other parties. You may withdraw consent at any time.