Tips on How to Pay Your Virtual Assistant in the Philippines
Filipino Virtual Assistant is a strong representative of the top-notched work powered by the Philippines’ brilliant labor force. That’s why many entrepreneurs and business owners prefer hiring Filipino Virtual Assistants. Here is your ultimate guide on How to Pay Virtual Assistant in the Philippines.
These Virtual Assistants are highly skilled in the English language, capable of admirable work, and have a friendly character making it an amazing experience to hire them.
Now you may be here after knowing about the work provided by Filipino Virtual Assistants and the savings people get by hiring them. While knowing these things, you should also be aware of how much, how often, and how you should pay them. It’s very important to get the payment done in minimum time and avoid wasting your money. Virtual Assistant Philippines
In this article, I’m going to answer all of these questions for you. So let’s not beat about the bush and get straight into the topic!
How to Pay Virtual Assistant in the Philippines?
The method of paying Filipino virtual assistants depends upon the platform from where you hire them. Different platforms have different payment methods.
For example, if you hire a Filipino virtual assistant from a freelancing site like Fiverr then you can pay them through the site but if you use a VA agency to hire them then the payment method will be different.
Now that you’ve got a reliable Filipino virtual assistant, it’s time to focus on the best ways to pay him/her. You may be thinking of using your bank for this process but there are some shortcomings to consider.
- Paying through a bank
Banks usually end up charging high fees and margins for each transfer you put through. Therefore, while considering currency exchange rates (which are often up to 5% above interbank rate), fixed fees, and margins, it becomes crystal clear that paying your Filipino virtual assistant through a bank will get very expensive. So, what’s the benefit of choosing this option? Nothing!!
- Paying through IMT
International Money Transfer providers (or simply IMT) refer to several reliable online money transfer companies, like Western Union, OFX, or Worldfirst. With the help of these companies, you can easily make payments to your Filipino virtual assistant in a highly affordable way. It will allow you to avail high security and privacy at a very less cost than your bank.
Tips on Paying Your Filipino virtual assistant
If you are planning to start working with a Virtual Assistant in the Philippines, it’s very important for you to know how to pay them. Paying your virtual assistants in Filipino can be pretty difficult if you don’t know the ways of doing so. Here are some tips on paying a Filipino virtual assistant in the best possible way:
- Use common online payment systems
Most employers prefer to pay their Filipino virtual assistants a minimum, but if we talk about Filipino VAs, they always prefer to receive a payment that they can get easily on a common online payment system such as Bank Transfer, Transferwise, Payoneer, and PayPal.
- Pay the whole fee
When transferring funds through some common payment systems, especially including banks, one issue is the money transfer fee. Some employers pay the half fee and the remaining half of the fee is paid by their respective VAs.
However, It’ll be a very good practice if you pay the whole fee, which will be around $3 to $12. It will help build a better understanding of you with your Filipino virtual assistants and they will be comfortable with you as well.
- Don’t delay
Highly experienced Filipino virtual assistants charge a lot and not all business owners can afford them. They can demand their payment whenever they complete the task and it’s very important to pay them at the time. Delaying the payment won’t be a good thing for your reputation. So, if you hire a Filipino virtual assistant for a fixed payment project, you should pay as soon as your VA completes the project.
- Additional Payments
If your Filipino virtual assistants have spent a long time working with you and you’re more than happy with them, you should provide them some additional cash. You can offer some incentives like paying for their internet connection or giving some bonuses. By doing this, your virtual assistants will trust you and they will love working with you.
- Sign a payment contract
If you are paying your Filipino virtual assistants according to the amount of work they do for you, you’re making a big mistake because you have to pay a lot. It is very important for you to set up a payment contract so that you do not have to spend too much on their services.
You can sign a contract based on the time at which your Filipino virtual assistants will work. The contract can be for a weekly or bi-weekly payment. Afterward, you can pay them according to their working time. This will definitely help you save a lot of money from having to pay your virtual assistant.
- Don’t charge your virtual assistant hourly
Most people think that if they want to get good value for their money, they should be charging hourly. However, this is something that you shouldn’t do. Since virtual assistants are just freelancers, it would be inappropriate for them to be charging them with rates that will make them lose. So, instead, set up a more suitable rate that will be fair to both you and your virtual assistant.
- Get your money back
Always prefer hiring a Filipino virtual assistant from the agency that provides a risk-free money-back guarantee. It is in your best interest to demand a refund if:
You think that you have been overcharged for services by your Filipino VA.
Your Filipino VA is not working according to your expectations.
Your Filipino VA is not following the payment contract.
- Don’t overpay
Filipino virtual assistance is usually paid according to their workload. However, some of them can demand you much more money than their services. So, it’ll be better to find out what other employers are paying for the same services that your Filipino VA offers.
This will allow you to get a better idea of what other VAs can do for you at the same price. If you find that other employers are paying less money for similar services, you should consider changing to the VA who is offering a better deal. Hire Filipino Virtual Assistant
- Schedule the payment
Payment for a Filipino virtual assistant can either be fixed or per project. It can also be made through a time-block and project completion. Make sure that you set up a payment schedule for your project completion so that your virtual assistant knows exactly how much he/she is going to be paid for. You can also add a deadline to the job so that your VA can be paid at the time of completion of the job.
- Never pay first
As a general rule, you should only pay your virtual assistants after they have completed the job. This is to prevent any problems later on. Although Filipino virtual assistants can take a lot of work off your hands, they are also human. They may miss a deadline or create a mess somewhere during a project. This will only cause you delays and money losses later on.
