UpWork, formerly known as oDesk, is one of the most popular online work platforms. It’s a great place to find work if you’re a freelancer. But how much does UpWork take from your pay?
As a freelancer, you’re used to getting paid per project. But on UpWork, you’re paid per hour. That means that when you’re bidding on projects, you need to take into account the fee that UpWork will charge you.
UpWork charges a 10% fee for all hourly projects. So if you bid $10 per hour, you’ll actually only receive $9 per hour. If you’re working on a project that pays $500, you’ll only receive $450 after UpWork takes its fee.
PRO TIP: If you are considering using Upwork to find freelancing work, be aware that the company takes a 20% cut of your earnings. This can eat into your profits, so be sure to factor it into your pricing.
The good news is that there’s no fee for fixed-price projects. So if you’re working on a project that has a set price, you’ll get to keep all of the money you earn.
When it comes to payments, UpWork charges a 3% processing fee for all payments made through its platform. So if you’re being paid $100 for a project, you’ll only receive $97 after the processing fee is deducted.
Overall, UpWork is a great place to find work as a freelancer. But it’s important to be aware of the fees that the platform charges so that you can factor them into your bids and pricing.
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