As a freelancer, handling payments, taxes, and invoices can get stressful. Working with clients from different countries, using various payment methods, and dealing with tax rules can feel like a job on its own. This is where a Merchant of Record (MoR) like Ruul helps. It simplifies your financial tasks, letting you focus on your work.
Ruul, as your Merchant of Record, handles everything from payment processing and invoicing to tax compliance. This means that with Ruul, freelancers like you can say goodbye to financial headaches and get back to doing what you love with the peace of mind.
What is a Merchant of Record (MoR)?
A Merchant of Record is a third-party service provider that assumes legal responsibility for processing payments, collecting sales tax, and managing invoicing.
When you work with a platform like Ruul, it acts as the MoR for your freelance business. This means that Ruul takes care of all the financial details that can otherwise take up a significant amount of time, such as managing payments, calculating and collecting sale taxes, handling customer disputes, and issuing invoices.
Why Should Freelancers Use an MoR?
Easy Global Invoicing
Dealing with international clients is not an easy job when it comes to handling invoices. Each country has its own tax regulations and knowing them all can be challenging for freelancers. Ruul has a great solution for that matter. It offers invoices with global standards and tax regulations due to the country you are working with.
So simply, choose the country you are working for, select the invoice and fill it with necessary information. Then you are ready to send it to your client.
Also, as your MoR, Ruul handles all the sales tax compliance for you, ensuring that your payments are processed according to local regulations in each country you do business with. This means less paperwork for you and more time to focus on your freelance work.
Simplified Payment Collection
If you're a freelancer working with clients worldwide, you’ve probably had to use different payment methods. Whether it’s credit cards, PayPal, or bank transfers, managing so many options can be confusing.
With Ruul, you can accept payments in whatever method your clients prefer, including secure credit cards, or bank transfers.
Ruul provides you with a central platform to manage all your payments seamlessly, making the whole process easier for both you and your clients. For a comprehensive guide on the best freelancer payment gateways, Ruul has you covered with multiple payment options and flexibility.
Multiple Payment Methods
One of the biggest challenges for freelancers is the need to accommodate different payment preferences from clients. Some prefer paying by credit card, while others may prefer bank transfers. With Ruul, many options are available including credit cart payments. Whether you're looking to get paid as a freelancer or invoice globally, Ruul ensures that your payments are processed securely and quickly, no matter where your clients are located or how they prefer to pay.
Faster Payments
Late payments can affect your cash flow and cause stress. With Ruul, you don’t have to wait long to get paid. Payments are processed quickly, often the same day, so you will have fast, and secure payments. Ruul also gives you clear payment reports to track your earnings, payment dates, and unpaid invoices.
Eliminate the Risk of Fraud
Dealing with international payments can put freelancers at risk of fraud. But with Ruul, you’re protected by strong fraud prevention measures. Ruul keeps your transactions secure and protects you from chargebacks and fraud. If there’s ever a dispute, Ruul’s team will help solve the issue, giving you peace of mind that your payments are safe. Ruul’s customer support team is also human, which means in case of disputes, chargebacks or any issues, you will get instant and easy help from the support team.
How Ruul Can Help Freelancers
Ruul takes the complexity out of freelancing by handling your financial processes so that you don’t have to. Some of the key benefits include:
- Global Payment Solutions: Accept payments from clients worldwide, regardless of location or currency, and invoice globally.
- Multiple Payment Methods: Whether credit cards, or bank transfers, Ruul offers a variety of payment options for freelancers.
- Faster Payments: Get paid faster, with payments processed often within a day. Also cryptocurrencies payouts.
- Tax Compliance: Ruul takes care of all the sales tax and compliance issues, so you can stay focused on your work.
- Streamlined Invoicing: Create accurate invoices with ease, even in different languages and currencies, to stay compliant with international laws.
In summary, being a freelancer can offer freedom and flexibility, but managing the financial side of your business can be overwhelming. Keeping track of payments, handling different currencies, and dealing with late payments can cause stress.
That’s where Ruul comes in as your Merchant of Record. By handling everything from payment collection to tax compliance and invoicing, Ruul makes it easier for freelancers to focus on their craft without worrying about the complexities of global payments and tax laws. With fast payments, multiple payment methods, and automated invoicing, Ruul provides the tools freelancers need to run their businesses efficiently and securely. So, if you're ready to simplify your freelancing journey, let Ruul take care of the financial side for you, and enjoy more time doing what you love.
