Photo source: GCash
Filipino freelancers are constantly hustling – spending hours finding clients, overseeing projects, revising output, and managing invoices just to maintain a steady stream of work and income. Yet one reality remains: despite their hustle and the potential to earn in USD or other international currencies through freelancing, they rarely receive the full value of what they have earned.
That is because a big chunk of their pay slips away due to platform fees, conversion charges, and transfer costs. Then, they have to deal with delays and chasing overdue payments from their clients. By the time their money reaches their accounts, it is delayed, and with deductions already.
It is a story that many freelancers know all too well, and for years, they have had to live with these delays and deductions as just part of the job. However, what if there was a way to keep full earnings and access it easily? This is what GCash is delivering with the launch of the new GCash Virtual US Account. Designed for freelancers to keep more of their hard-earned pay. Through this new feature, freelancers may now get paid in full and at the best possible forex rates.
Breaking barriers for Filipino freelancers
Through the new GCash Virtual US Account, freelancers may now receive their USD pay directly into their accounts, eliminating high withdrawal or transfer fees. Unlike other platforms that automatically convert USD to PHP, GCash also gives users full control, allowing them to choose the best time to convert their USD as forex rates change. Through live, updated forex rates displayed in the app, freelancers know exactly how much they will get.
Photo source: GCash Powered by technology company Meridian Payments, a US-based provider for real-time global payment transfers. The accounts use modern financial technology for convenience and efficiency. The structure does not classify the funds as traditional bank deposits or place them under deposit insurance programs, the GCash Virtual US Account provides each user with their own ACH and Wire Routing Number, separate from their regular GCash account details, which may be shared directly with US employers to facilitate direct transfers. Now, freelancers do not need to rely on costly third-party services or long transfer chains just to get paid.
Once received into their accounts, freelancers may withdraw their earnings in PHP to their GCash e-wallet, ready to use for everyday needs like bills, groceries, or new work equipment.
"With over 2 million Filipino freelancers working with international clients, they are a major force in today's economy, yet they've had to live with the compromise of costly transfer fees, unfavorable forex rates, and delayed payouts. With the GCash Virtual US Account, we're finally removing those barriers. Our goal at GCash is to empower Filipino freelancers to keep the full value of what they earn and have immediate access to it so they can use their money for their everyday needs," said Paul Albano, General Manager for GCash International.
The launch of the GCash Virtual US Account reinforces the mission of GCash to create financial solutions that empower every Filipino, from everyday consumers to the country's growing community of remote and independent workers.
How to open your GCash Virtual US Account
Creating a GCash Virtual US Account is easy in just a few steps:
1. Open the GCash appTap US Accounts in the Explore the App section
2. Tap Continue and verify your information
3. Complete your account creation
Once completed, you may start receiving your payments in USD straight to your GCash Account.
For years, Filipino freelancers have had to settle, but those days are finally over. With the new GCash Virtual US Account, there are no delays and no fees. Just pure, hard-earned pay, within reach. It is a new power move.
Download the GCash app today to get started.