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How Does UpWork Work With Payment?

Last updated on September 30, 2022 @ 12:22 pm

UpWork is a freelancing platform that connects businesses with remote workers. Businesses post jobs or projects on UpWork, and freelancers can then bid on these jobs or projects. Once a freelancer is hired, they can begin working on the job or project.

UpWork uses a escrow system to hold payments from the business until the work is completed and approved. This protects both the business and the freelancer, as it ensures that the freelancer will be paid for their work and that the business will receive the completed work.

PRO TIP: If you’re new to Upwork, you may be wondering how payments work. Here’s a quick overview:

When you’re hired for a job, you and your client will agree on a price and a schedule for payment.

Upwork will hold your money in escrow until the job is complete. Once the job is complete and you’ve submitted your work, the client will have 14 days to review it and release the funds to you. If the client is unhappy with the work, they can request revisions during that time.

If all goes well, the money will be released to you and you’ll receive your payout. Upwork will take a small percentage of the total as a service fee.

Once the work is completed and approved, the funds are released from escrow and sent to the freelancer. UpWork then takes a percentage of these funds as their fee. The freelancer can then withdraw these funds to their bank account or PayPal account.

UpWork is a great way for businesses to find talented remote workers, and it offers protection for both businesses and freelancers. If you’re looking for a freelancing platform, UpWork is definitely worth considering.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.