Introduction to GloPay
GloPay is a platform designed for individual contractors, freelancers, and solopreneurs who want to invoice their remote international clients like a company without the hassle of setting up their own business. It provides the tools necessary to manage invoicing, compliance, and payments seamlessly, allowing users to focus on their work while GloPay handles the administrative tasks.
The service is built on a legal Estonian partnership structure, ensuring legitimacy and trust for both the user and their clients. With features such as multi-currency support, real-time financial insights, and easy expense management, GloPay offers a comprehensive solution for professionals looking to scale their freelance or contract-based businesses globally.
Takeaways
- Invoice international clients like a company without forming a business
- Manage compliance automatically through a legal Estonian partnership
- Support for multiple currencies and fast payment settlements
- Zero upfront costs with a 5% fee per invoice
- Easy expense tracking and tax reporting
- Secure and user-friendly interface for managing invoices and finances
How GloPay Works
When you sign up for GloPay, a legal Estonian partnership entity is created between you and GloPay. This entity acts as the official service provider for your clients, ensuring compliance and professionalism. You can then use GloPay's online tools to create and send invoices, track expenses, and manage your finances—all without needing to set up a traditional business.
Clients receive an invoice via email and are guided through the payment process, which can be done via bank transfer. Once paid, funds are deposited into your GloPay balance and can be withdrawn to your local bank account within one business day.
Core Benefits and Applications
| Feature | Description |
|---|---|
| Global Invoicing | Send invoices to clients worldwide in multiple currencies |
| Compliance Made Easy | Automatic compliance through a legally recognized Estonian partnership |
| Fast Payments | Receive payments quickly, with funds available within one business day |
| Expense Management | Upload and track business expenses for reimbursement and tax purposes |
| No Upfront Costs | Sign up for free and start using the platform immediately |
Frequently Asked Questions
How does GloPay work? GloPay creates a legal Estonian partnership that allows you to operate as a company. You can invoice clients, manage payments, and handle expenses through the platform.
Who can use GloPay? Freelancers, contractors, and solopreneurs who provide professional services and meet certain eligibility criteria.
What are the costs? There are no upfront costs. GloPay takes 5% of each invoice paid.
Do my clients need to sign up? No, clients only need to accept and pay the invoice via a secure link.
How long does verification take? Most verifications are completed in seconds, with manual review taking up to one business day.
How do clients pay? Currently, payments are made via bank transfer, with plans to add more payment options in the future.
