How to Get Paid as an Online Tutor
Learn how to get paid as an online tutor using secure, flexible methods like digital wallets, bank transfers, and invoicing tools.
While teaching online is a great earning opportunity, receiving payments across borders can be tricky. One key concern is how to get paid safely, efficiently, and affordably. With students in different time zones and countries, you need payment methods that work for both you and your clients.
This guide explores seven ways to receive payments as an online tutor, helping you manage your teaching income with ease.
7 Ways to Get Paid as an Online Tutor
Tutors and students require flexible, secure, and cost-effective methods for payment. Whether you’re freelancing, running your own tutoring business, or working through an online learning platform, choosing the right payment option helps you to manage your income and avoid unnecessary fees.
Let’s explore six ways to get paid as an online tutor.
Digital Wallets
Managing payments is one of the challenges of teaching online. However, digital wallets offer a fast and convenient way for online teachers and tutors to receive payments worldwide. Several platforms enable you to accept funds in multiple currencies, including:
- PayPal
- Skrill
- Wise
- Payoneer
These wallets often charge lower fees than traditional banks and are particularly useful for teachers working independently. After receiving the funds, you can transfer them to a local bank account. However, you must choose one that works in your country.
Cryptocurrency
Cryptocurrency provides online tutors with a modern, borderless option for receiving fast payments with low fees. Crypto payments are convenient because they are easily sent to a digital wallet, bypassing banks and intermediaries.
For example, students can use crypto exchanges to purchase cryptocurrency and send payments to their tutor. However, it’s important to check the price of Bitcoin or other cryptocurrencies before transferring funds, as prices can fluctuate rapidly. This ensures that the amount sent reflects the correct value at the time of payment and avoids overpaying or underpaying due to market swings.
Cryptocurrency can be a useful option for tech-savvy tutors and students, but it should be used at your own risk due to its volatility. You should also take steps to secure your digital wallet. Use a reputable wallet provider, enable two-factor authentication, and never share your private keys or recovery phrases. For larger amounts, consider using a hardware wallet for added protection against hacking or theft.
Freelance Platforms
Freelance platforms like Upwork, Fiverr, and Preply handle payments directly, simplifying the payment transaction process for online tutors. These platforms ensure secure payments by holding funds in an Escrow until a lesson is complete. They also provide in-built invoicing and automatic payment transfers to local bank accounts.
Unfortunately, they typically charge service fees, ranging from 10% to 20%. However, if you’re new to tutoring these platforms offer exposure and security, and present you with the chance to grow your client base without needing to advertise your tutoring services elsewhere.
For example, if you wanted to teach English online, and didn’t want to worry about advertising and payments, all you’d need to do is sign up to one of these platforms, create a profile and they’ll take care of the rest.
Invoicing & Payment Tools
Online tutors who work independently and want a professional and organized way to handle payments can use invoicing tools like Stripe, Square, or Zoho Invoice. These platforms allow you to send detailed invoices, accept credit or debit card payments, and keep track of your earnings.
Stripe and Square also integrate with scheduling tools, making it easier to automate billing for recurring sessions. While these tools usually charge a small processing fee, they give you more control over your branding and payment process — ideal for tutors running their own businesses.
Direct Bank Transfers
Receiving payments through direct bank transfers is a straightforward option for online tutors, especially when working with long-term students. This option enables payments to be made directly into your account, bypassing intermediaries.
While secure, direct bank transfers may come with high transaction fees and currency conversion costs. Additionally, you must confirm your bank details in advance and decide who will handle the fees.
Digital Banks
Digital banks like Wise and Revolut offer online tutors an efficient way to receive international payments. These banks provide multi-currency accounts, lower costs, and fair exchange rates compared to traditional banks.
With easy-to-use apps, online tutors can keep track of their payments, convert currencies, and transfer money smoothly. Digital banks are especially useful for freelancers teaching students in different countries.
International Money Transfer Services
International money transfer services enable online tutors to receive payments from students who may not have access to digital wallets or bank accounts. They include:
- Western Union
- MoneyGram
- Remitly
These services are available in many countries, offering direct deposit and cash pickup options. However, they may come with higher fees and unfavorable exchange rates and are only considered when there is limited access to banking services.
Endnote
Getting paid as an online tutor doesn’t have to be complicated. By choosing the right method, whether it’s a digital wallet, cryptocurrency, a freelance platform, or a direct transfer, you can receive payments quickly and securely. Always consider fees, accessibility in your country, and the preferences of your students.
With the right setup, you’ll spend less time worrying about money and more time doing what you love, teaching.
