For online language teachers, selecting the right payment providers is essential for smooth financial transactions. Many language teachers have students in different countries, which means you have to be able to offer them easy and fast payments. Also, if you have your teacher´s profile on any language platform (such as Preply or Italki), you will need these payment providers to withdraw your money.
Among the most advantageous options are PayPal, Payoneer, Skrill, Revolut, and TransferWise (now known as Wise). I recommend having at least two or three options so you can always be flexible and choose the method that is the best for the current situation (depending on exchange rate fees, and transfer/withdrawal fees). These providers offer convenience, security, and flexibility, making them essential tools for managing income in the online language teaching profession.