Do you make more money as an eNotary than a paper notary?

In today’s economy, everyone seems to be looking for a full-time job that lets them work their own hours, manage their own schedule and work from home. Becoming an electronic notary public in your state is a great option for achieving those goals. In states that allow electronic notarizations, those interested in this career path must become a commissioned public notary first, before working toward becoming a qualified electronic notary. The hard work is well worth it. By moving your services online, you’ll have access to a considerable amount of money-making resources that traditional paper notaries don't have.

The best way to jump-start your eNotary career is by setting-up an account with an electronic notary provider, such as DocVerify. eNotary providers can give a notary their own electronic seal and signature, as well as advertising opportunities to potential clients looking for notaries in your area. By becoming an eNotary, you’ll be expanding your business in the easiest way possible.
 

Pros of being an eNotary

• eNotaries can work for clients statewide. People several hours away are now within reach, thanks to electronic notarization capabilities.


• eNotaries can make an average of $44,000 a year.


• Your success is determined by your schedule and how many appointments you complete per day. The sky’s the limit.


• The surge of electronic and remote online notarization has broadened a notary’s ability to reach clients and complete multiple notarizations per day.


• Online notarization is a new industry that is growing quickly. Enjoy faster and more accurate transactions.


• Boost client satisfaction.


• Reduce operating costs such as paper, printer ink and physical storage.


• With bank-level electronic security, your documents can be more secure.
   

Cons of being an e-Notary

• Not every eNotary provider is created equal. Some will take large fees out of your commission, or only pay you hourly.


• You’re responsible for handling your own appointments and your own schedule, which can be both a pro and a con.


• eNotarization is not available everywhere, meaning it may not be an option where you currently live.


• Some worry that security could be compromised when using eNotarization. With either traditional notarizations or eNotarizations, both the notary and customer should make sure private data is protected as much as possible.


• With eNotarization still evolving, some parts of the process are still being established and refined. As the process evolves, eNotarization may become commonplace for both notaries and customers.

How much can I earn as an eNotary vs. a paper notary?

Your salary as an eNotary is usually determined by who your provider is or who is managing your services overall, and how much you choose to work.

If you sign up for an electronic notary provider, such as DocVerify, you’ll have complete control over your own work and schedule. This means you can book as many or as few appointments each day you work without having to commute to clients. You are in control of how much you make per day. As an eNotary, the average salary is $44,000 per year, whereas a paper notary can average $32,000 per year.

Other eNotary providers can give you clients, but they may pay you an hourly rate. This may result in more consistent work, but your salary may be capped at around $20/hour.

Gaining the ability to connect with clients online is an incredible opportunity to increase an eNotary’s salary. Traditional notaries who work for themselves must account for the time it takes to travel from appointment to appointment, as well as any transportation and supply expenses associated with each appointment. Because of the natural time constraints, the number of appointments a paper notary can make per day and other budgetary items they need to account for can limit their income.

Takeaways

Working from home, making your own schedule, and earning a reasonable salary are things workers have been dreaming about for years. Now that electronic notarizations are becoming more widely available, you have a chance to turn those dreams into reality.