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How Long Is Money in Escrow for UpWork?

Last updated on September 30, 2022 @ 10:57 am

When you’re ready to start work on a project, the first step is to create an escrow account. This account holds your payment until the job is complete. You can choose to release the payment yourself, or you can have UpWork release it automatically once the job is marked as complete.

If you’re new to UpWork, you may be wondering how long money stays in escrow. For most projects, the answer is 14 days.

PRO TIP: If you are considering using Upwork to source freelancers for your business, it is important to be aware of the potential risks involved. One of these risks is the length of time that money can be held in escrow on the platform.

According to Upwork’s terms and conditions, money can be held in escrow for up to 30 days. This means that if you make a payment to a freelancer through Upwork, the funds may not be released to them until 30 days later. This can cause problems if you need the work completed urgently, as the freelancer may not be able to start work until they receive the payment.

It is also worth noting that Upwork may withhold payments in certain circumstances, such as if there is a dispute between you and the freelancer. In these cases, it can take even longer for the funds to be released.

For these reasons, it is important to consider whether using Upwork is right for your business before making any payments through the platform.

This gives you plenty of time to finish the work and request a review from your client. If your client is happy with the work, they can release the payment early. Otherwise, it will be released automatically after 14 days.

There are some exceptions to this rule. For hourly projects, payments are released automatically at the end of each week. For fixed-price projects that are less than $500, payments are released immediately after the job is marked as complete.

So how long is money in escrow for UpWork? For most projects, it’s 14 days. But for hourly projects, it’s released at the end of each week, and for fixed-price projects that are less than $500, it’s released immediately after the job is marked as complete.

Morgan Bash

Morgan Bash

Technology enthusiast and Co-Founder of Women Coders SF.