Digital Money World

working online - dollar payments.

by moneypenny on May 4th, 2008

So everyone is preparing themselves for the pinch of a recession in the U. S. call it what you will, mini recession, downturn, tempory lack of confidence, depression: the result is the same, for those paid in dollars in the US, those who travel and those who work online. Less money, when they convert it into the actual currency they live on. I prefer to be paid in Euros or Pounds if possible,  for the work I do on line, however I often work in US dollars too. The companies who hire freelancers sometimes enable them to choose credits which have a value and are then paid out in the currency of choice. For example  I have 50 credits and the value of each credit is 50 cents. I then can request it in pounds and the correct value will be calculated.

Many of my contacts bemoan the fact that their on-line consulting in design, photography or whatever, is also taking a downturn  in value when paid for in dollars. Of course one man’s meat is another man’s poison, because somewhere in the world there’s a freelancer who can work online, deliver  faster, get paid in US dollars and be happy because his currency is weaker than it.  This is the true meaning of globalization, and then you consider maybe it isn’t  always better living in the first world of Europe or US after all. Unless you are paid in Euros, and can live in a less valuable currency.  Now that’s  e currency I’m interested in.

Yours in money,

 Moneypenny.

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