Working with clients in other countries can open new professional opportunities. Whether you are a graphic designer in Medellín, a software developer in Bogotá, or a remote assistant in Cali, international clients allow you to expand your reach beyond local markets. Once you secure a client abroad, the next step is deciding how you will receive payment.
For many freelancers in Colombia, international payments can feel complex. The process may involve banking codes, currency exchange rates, and transaction fees. Understanding how cross-border payments work can help you make informed decisions and manage your income more effectively.
This guide outlines the most common ways freelancers in Colombia receive payments and explains how Remitly for Freelancers supports international transactions.
The Growth of Freelancing in Colombia
Colombia has experienced steady growth in remote and freelance work. Many professionals now provide services to clients abroad and may receive payments in foreign currencies such as U.S. dollars or euros.
When money moves between countries, it often goes through multiple banking systems and may require currency conversion. Additional processing steps may occur along the way. Being aware of these factors can help you better plan for your income and expenses.
Common Challenges With International Payments
| Challenge | Impact |
| Exchange Rates | Fluctuate over time. If your payment is converted immediately upon receipt, the amount you receive in Colombian pesos will depend on the rate at that moment. |
| Transaction Fees | Different payment methods may involve various fees, including sender fees, intermediary bank processing fees, and receiving fees. The total cost depends on the payment method used and the institutions involved. |
| Payment Visibility | With some traditional international transfer methods, it may not always be clear when funds will arrive. Total fees and exchange rates may also not be fully visible until the transaction is complete. |
Options for Receiving Payments in Colombia
Freelancers in Colombia commonly use several methods to receive international payments.
Traditional Bank Transfers
Clients can send funds directly to a local bank account using international wire systems.
Consideration: These transfers may pass through intermediary banks, which can add processing time and additional fees.
Digital Wallets
Some freelancers use online payment platforms to receive funds.
Consideration: Transferring money from a digital wallet to a local bank account may involve extra steps or additional costs.
Remittance Services
Certain services specialize in international money transfers and can deliver funds to a bank account or through other payout methods.
Not all remittance services are designed for business or freelance payments, so it is important to review the provider’s terms and features.
Introducing Remitly for Freelancers
Remitly for Freelancers is designed for freelancers, contractors, and remote professionals who receive payments from international clients.
The platform allows users to create payment requests and receive funds into a USD wallet within Remitly. Funds held in the USD wallet can be converted or withdrawn, subject to applicable rules, product features, and availability in the user’s country.
Key Features
USD Wallet
Payments received through Remitly are held in a USD wallet on the platform. Users can choose when to convert or withdraw funds, depending on local availability and applicable terms.
Payment Requests
Freelancers can generate a payment request through Remitly and send it directly to their client using a secure payment link.
How the Process Works
| Steps | Description |
| Request Funds | The freelancer creates a payment request within Remitly and shares the link with the client. |
| Client Completes Payment | The client completes the payment using the secure link. |
| Receive Funds | Once the transaction is processed, the funds are credited to the freelancer’s USD wallet in Remitly. |
Important Considerations for Freelancers in Colombia
Tax Registration
Individuals providing services in Colombia may need to register with the national tax authority (DIAN), depending on their specific circumstances. Requirements can vary based on income level and type of work performed.
Record Keeping
Maintaining accurate records of services provided and payments received can support financial management and tax compliance.
Social Security Contributions
In Colombia, independent workers are generally responsible for managing their own social security contributions. These payments are typically calculated based on declared income.
Regulations and requirements may vary depending on your situation. Consulting a qualified accountant or tax advisor in Colombia can help ensure compliance.
Frequently Asked Questions (FAQs)
Can I hold funds in U.S. dollars with Remitly for Freelancers?
Payments received through Remitly are deposited into a USD wallet within the platform. Available features and services may vary depending on your country of residence.
How does a client pay me in Colombia?
You create a payment request within Remitly and share the link with your client. The client uses the link to complete the transaction.
Do I need to pay taxes on international income in Colombia?
Tax obligations depend on factors such as residency status and income level. Regulations may change over time, and each individual’s situation is different. A certified tax professional in Colombia can provide guidance specific to your circumstances.
Is Remitly for Freelancers a bank account?
No. Remitly for Freelancers is not a bank account. It is a payment solution that includes a USD wallet for receiving and managing funds.
What information do I need to give my client?
When using Remitly for Freelancers, you generate a payment request and share the secure link with your client. You do not need to provide traditional bank account details directly.
Managing Your International Income
Freelancers working with international clients can benefit from understanding how cross-border payments operate and what options are available.
By choosing a payment method that aligns with your financial goals and operational needs, you can maintain greater stability in managing your income.
Remitly for Freelancers provides a way to request and receive international payments through a USD wallet within the Remitly platform, subject to applicable rules and availability.