As a translator should you get paid by the word or by the hour? This is a question that new translators face when taking a new translation job. Even established translators may occasionally have to make a decision on which of the two modes of payment is best for a particular project.
In most cases, the translation industry prefers paying by the word. Under certain circumstances, established and experienced translators offer some of their services and charge them by the hour. The two methods have advantages and disadvantages. It is important to have the whole picture of the project before deciding on the best billing method.