Earlier this month, we saw a quick Tweet by our friend Eve Bodeux of Bodeux International. She mentioned TranslatorPay as a new tool for translators to get paid internationally without having to incur significant bank fees (which we are not very fond of). We were intrigued and decided to have a look at the website. We have a long history of doing international bank transfers and PayPal transfers (both receiving and sending), and just like most people, we are quite stunned by the high costs and by the fact that transfers, especially bank transfers, can take so long despite the fact that we live in the 21st century.
|Let's talk about money.|
First things first: TranslatorPay, an online money transfer system, was created by two high-profile colleagues in the industry: Dr. Paul Sulzberger and Jessica Rather. We have not met either one of them personally, but they have excellent reputations in the industry, which immediately put us at ease. The idea behind TranslatorPay is that translators should be able to get paid the full amount of the translations that they invoice rather than the invoice amount minus some (usually quite opaque) bank fee. Of course, we rather like this idea. The way it works is that the translator registers (for free), uploads his or her banking information (which some might be a bit reluctant to do), persuades the client to pay via TranslatorPay (this might be a bit of a challenge), and there you have it: the translator gets paid the full amount within one to three days. The company lists the following reasons for using their service, and these are very strong and convincing arguments.
This service is very certainly worth exploring. We haven't used it ourselves, but wanted to help spread the word about it. Have you used it, dear colleagues? We'd love to hear your thoughts!