When it comes to getting your payments as a VA, the main things to consider are reliability, security, and speed of transfers. There are a few reputable online money transfer companies to choose from. But deciding on one largely depends on both you and your client’s preference. For a virtual assistant one main consideration is ease of use or a hassle-free system. While employers normally want a payment method that does not charge much when transferring funds. 

Here are some of the commonly used payment methods to get paid as a VA:

1. PayPal

When we talk about credible, safe, and secure online payment company, PayPal is a household name. You can be assured that your money is in good hands. The American e-payment company is the biggest brand in the realm of electronic payments system. Thus, if you are a virtual assistant, clients usually expect you to have your own PayPal account to receive your salaries. 

PayPal is user-friendly and intuitive. Its fuss-free design does not intimidate first-time users. If you want to receive your VA fees via this method, all you need to do is link either a major debit or credit card or your local bank account. By linking a bank account or a Visa, Mastercard or American Express card to your PayPal account, you can transfer the funds received in your PayPal Account to the linked card or bank account. Another great thing about this payment transfer option is that it supports a lot of currencies. 

But in anything there’s always a downside. One is high cross-border transfer costs which is at least 2.5%. Another one is account freeze without prior notice. While it is a good thing and only validates how secure this digital payment company is, some freelancers and virtual assistants are not comfortable about this possibility. 

Another thing to keep in mind is the fact that PayPal is often a target of cyber criminals such as phishers and online thieves. Therefore, always be alert and in the know of updates. Know PayPal’s official emails and notifications. 

2. Bank Transfer

Electronic fund transfer to your bank is the most convenient and cheapest way to get paid as a VA. These direct transfers are also fast. They usually only take between 24 to 48 hours. Also, you do not need to worry about your money getting frozen within a third-party platform or suspended en route to your account.

The bad news however is that some overseas clients cannot transfer funds directly to your bank account due to restrictions imposed by their own local bank. Therefore, it is not a convenient option for your employer.

3. Online Job Platforms

Some virtual employment platforms offer their own payments system such as Upwork. Their own payments collection system will basically bill your clients on your behalf. So no need for you to send an invoice to your client and your hours worked are practically always hours paid. Once payment is available, you have the option to withdraw your salary by linking your local bank account or transfer via PayPal or Payoneer.

While freelance sites are still a reliable way to get paid as a virtual assistant, the problem is that they aren’t as fast and you get to pay the transfer and withdrawal fees, unless your client picks up the fees for you. 

4. International Money Transfer Platform

Another convenient method to receive your payment as a VA is through online money transfer sites such as TransferWise, Xoom, XE amongst others depending on which platform is mostly used in your client’s location. The good thing about these platforms is you receive your money directly to your own bank account. Plus, you don’t need to pay cross-border fees. 

In conclusion, there are several credible ways to get paid as a VA. Now it really is just a matter of choosing which one is most convenient not only for you but also for your client.

As a real estate investor, you know how busy you can get that sometimes you would wish you can bilocate or have multiple hands to do things at once. But nah… you are not a machine and you neither have more than two hands nor be in two different places at the same time! But with a real estate VA, you can easily unload tasks off your plate and focus on scaling your business instead. Sounds good right?

Hiring a real estate virtual assistant can be a game-changing experience for you. The benefits of having remote assistants working for you can be life-long even especially if you find a reliable and talented VA. So, what exactly are the things that you will enjoy if you hire a real estate VA?

1. Operate a 24/7 Real Estate Business

If you want to maximize your business’ earning potential, then being able to operate 24 hours a day, 7days a week is a powerful strategy to achieve that. Imagine having a fully operational team of remote assistants located halfway around the world (like in the Philippines), picking up where you left off when you go to sleep! You have a business running efficiently, staying productive even while you’re in dreamland. And we are talking about tasks delegated to real people implementing and accomplishing them.

2. Enjoy a more automated and systematized business operation

These virtual assistants are in fact highly qualified and college-educated even that they are fully able to do practically anything under the sun. What’s more, even if they’re literally located for instance in the Philippines where many businesses hire remote staff, they are bilingual and can speak good English. They can help you with a multitude of tasks, automate your office, as well as create and implement business systems. Think about managing your inbox every day, data scraping, calling leads and clients, entering or uploading data, managing your social media pages, and basically everything from A to Z!

3. More time and profit

Obviously, if you are able to delegate essential tasks to capable office assistants, you would be able to focus more on growing your business. And ultimately this would mean increasing your net profit! If you can free up your time, instead of doing time-consuming clerical stuff, you can find more deals, and then generate more money for the company. 

4. Scale your business

The whole point of hiring virtual assistants to begin with is to be able to expand and scale up your real estate business. As mentioned, these remote workers are highly educated and skilled workers. As a matter of fact, you can even seek advice from them in terms of growing or improving your business. Sometimes we get really unique and brilliant ideas from our own employees we would thank them later.

5. Less stress, more time to be happy 

If you hire a real estate VA, you will enjoy a more organized, less stressful working environment, and a happier life overall. Naturally, if you see your business growing and becoming more and more profitable each day, you will become happy and more fulfilled. 

So if you want to see this happening for you too, now is the time to seriously consider having a virtual staff at your real estate company.

Truth is we are currently living in a pandemic-stricken world. And the best way for business owners to deal with it is to face it head on. Nobody’s exempt from this crisis. That’s why despite ongoing quarantining limitations, what we can do as a real estate business owner, is to find ways to stay productive even while working remotely from home.

1. Human interaction is still doable in the virtual world

We know that social distancing is one of the best measures to avoid the deadly coronavirus. While the real estate industry thrives in in-person customer engagement and relationships, networking and nurturing your current clients can be done the safe way online. You must stay healthy if you want to continue doing business amid the pandemic. 

Look for remote solutions to managing your existing clientele and keeping close contacts with your potential buyers. Whether that be a social media app or a property management tool, find ways to stay active and connected with potential property buyers or sellers.

2. Automate payments and systems

As in-person transactions pose greater risk of COVID-19 infection, people prefer to do business online. If you have not put your own remote systems in place, then it is time to do so if you want to stay in the real estate business during this health crisis. Automate your payment systems. There are some tools that allow you to automate not just payments made by your tenants or clients, but also your accounting tasks. 

3. Reinvent your marketing strategy

As we are heading to a more digitally stimulated world, as a real estate agent you must revisit your marketing techniques and make them more adaptable to the current situation. Set up an effective (not overly salesy) email marketing. Take advantage of social networking sites and other digital platforms to boost your online presence and branding. Consider investing in online ads or social media marketing campaigns to reach out to your target clients.

4. Consider Virtual Tours

Now that we are living in a “new normal”, people practice physical distancing and avoid non-essential travels. Thus, providing virtual tours on your website or a Facebook live even, may now be considered a realtor must-have. If your budget permits, then invest in high quality cameras for you to set up professional-looking remote tours for your would-be property buyers.

5. Level up your content

Maintain your blog and add fresh content regularly. Apart from your own blog site, having your own YouTube channel where you show properties available is also a great way to attract prospective clients. People’s content consumption preferences vary, so do all if you can. Keep in mind that when it comes to real estate, visuals are extremely important. Revisit your listings and blogs. Do you need to update or add new photos? Is there a need to rewrite your listing descriptions?

Finally, do not panic and maintain your focus. Know that this pandemic will also become a thing of the past just like any other problems. Keep yourself updated with real estate developments amidst COVID 19 pandemic. Don’t be afraid to learn new things even if you are not that technologically inclined. Above all, stay safe and healthy!

2020 has kept explosive surprises coming. And the business world hasn’t fallen short of these shockers. From being one of the most valuable fintech empires in the world, the German payment processing firm called Wirecard has crumbled just like that.

 After its CEO Markus Braun bowed out of the company and ultimately arrested due to alleged fraudulent accounting activities, Wirecard AG finally filed for bankruptcy on Thursday, June 25,, 2020.

But what does this insolvent status mean to subsidiary companies, its partners, and freelancers across the globe who relied on the supposed reputable financial firm for their online payments and other digital financial transactions? 

With the fallen fintech giant’s current financial chaos, nobody knows exactly whether global remote workers especially those wirecard-issued card holders can withdraw their money anytime soon, as millions of funds are temporarily frozen as a result of the shocking financial scam. 

Wirecard has an estimated debt of about 4 billion USD, and around 1.9 billion Euros that’s nowhere to be found in the company’s books, of which Wirecard later on admitted being non-existent to begin with. In their press release, the Germany-based company said that they are currently assessing whether to also file insolvency for its subsidiaries. Naturally, it caused panic amongst users of online money transfer cards issued by Wirecard Card Solutions Limited (WCSL) UK, such as  Payoneer Prepaid Mastercard and boon card.

However, all hope is not lost for freelancers with money still stuck due to Wirecard AG’s bankruptcy. Payoneer said that the UK FCA or Financial Conduct Authority has already intervened and is now overseeing WCSL in order to protect the interest of all Wirecard clients. But this in turn results in the temporary suspension on all card activities. 

For the time being, the funds on your card might stay frozen for as long as the FCA investigation is happening. The good news is Payoneer assures customers that they are working closely with the FCA to be able to resume all card activities as soon as possible. Payoneer also highlighted that clients can withdraw the money that is exceeding the maximum balance of their card as it’s being held by Payoneer and therefore not affected by the temporary freeze. 

But what about your pending payments, you may ask. Pending transfers on the other hand will go straight to your Payoneer account as a virtual currency balance just like how PayPal works. This means that you simply sign in, add a local bank account if you haven’t yet, and then you can transfer such funds to your bank for future withdrawal.

Just like the pandemic, nobody has seen the collapse of Wirecard coming. And just like any other massive scandals that we get to see time and again, the story of the disgraced fintech firm must serve as another important lesson for private customers and businesses alike. Giants like Goliath are not invincible. 

As virtual freelancers, being able to receive payments successfully and on-time is critical. Therefore, payment methods matter. The only way to make transfer and receipt of payments secure is to be more critical in terms of choosing the type of online payment service to use. 

It’s second quarter into year 2020 and all of a sudden, the world is on a pause due to the pandemic. Nobody saw it coming of course and therefore left many of us clueless of what the future would be like from now on. But it doesn’t mean it is game over for your business. Unless you yourself have called it quits, there’s no reason to close down without giving it a good fight. As a matter of fact, this health crisis has helped many to discover their hidden business prowess!

While there’s a lot of uncertainty right now, businesses may take advantage of the pandemic to be able to move forward and hopefully still get ahead. 

What are some tricks that you can apply to stay in the game despite one of the most challenging times that this generation has seen?

Revisit your marketing strategy

As cities and countries are on a lockdown, the internet has become people’s best friend. Grab this chance to reach out and connect to your current and potential customers! So if you haven’t fully harnessed the power of online networking platforms, it is high time you do so. Solidifying your online marketing strategies would benefit you not only today but even more so in the future. Remember, we are moving ahead into a much more digitized world.

Develop your social media presence

The above said, social media marketing is another timely marketing tool that you can benefit from amid COVID. Make sure that you have an active presence on Facebook, Instagram, Pinterest or any other popular social media platforms relevant to your business. 

Maintain your customer engagement via these platforms. Keep your blogs active and share links to fresh content regularly. Keep your followers informed about your business and products for sale. Also, keep your chat boxes manned so that you can speedily assist buyer inquiries.

Be eCommerce-ready

Now is the best time to re-assess your website. If you don’t have one, it is time to rethink this as the world is heading to an “all-electronic transactions” mode. Can prospective customers browse and buy goods directly from your website? Do you have a user-friendly, quick-loading interface? Is it search engine optimized so online customers can find you? Do you have chat support? Also, content is key in a digitized world. Make sure to create attractive and compelling content. Establish your brand. Make it known in the online ecosystem. 

Strengthen your customer relationships

If there is something that this pandemic has taught us, that is to give value to human connections and relationships. Now that we need to social distance ourselves even from our loved ones, we suddenly realized the importance of relationships. Same goes to our customers. Despite government quarantine implementations, we still can reach out to and engage with our existing customers. We still can develop and build trust to prospect and new buyers. That is by being available and active not just on social media but also on the phone. Be ready to chat and pick up calls if possible 24/7. Being responsive is key to keeping both old and new customers! Try to develop more product options and even promotions to keep them happy. 

Plan and stay optimistic

In this uncertain economic time, we can’t just stay locked down and hope that the virus will go away tomorrow and bring things back to ‘normal’. The truth is the world has already changed and we need to respond positively to it. While we need to move forward, we also need to be smart and cautious in terms of investments and changes implemented in your business. 

Plan with the current situation in mind in terms of how it’s going to affect your business down the line. Think of products that would sell well today and will continue to do so regardless. Get automated and digitized.

While we seem to be in economic limbo, think of it as an opportunity and take things one step at a time. After all, we never saw this pandemic coming.  Give yourself some room for adjustment and growth at least.