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How Does Agency Account Work on UpWork?

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

As a freelancer, you’re in business for yourself. This means that you’re responsible for finding and managing your own clients, as well as handling your own finances.

UpWork makes it easy to get started and be successful by putting everything you need in one place, including a built-in payment processing system.

UpWork uses what’s called an “agency account” to make payments to freelancers for work completed through the site. This account is separate from your personal account, and is used to hold funds that are then paid out to you as work is completed.

PRO TIP: There are a few things to be aware of when working with an agency on Upwork. First, when an agency connects with you, they will be able to see all of your contact information. This means that they will have your email address and phone number. It’s important to be aware that they will also be able to see your work history and feedback from past clients. Additionally, they will be able to see your hourly rate and any other information you have set as “public” in your profile. Because of this, it’s important to make sure that you are comfortable with the agency before accepting their offer to work together. Secondly, when working with an agency, you will likely be working with multiple people within the organization. This can be beneficial, as it gives you exposure to different perspectives and ideas. However, it can also be challenging, as it can be difficult to keep track of who is who and what their role is within the agency. Finally, when an agency posts a job on Upwork, they are responsible for paying the freelancer directly. This means that if there are any issues with payment, you will need to work with the agency to resolve them.

The agency account is funded by the client when they create a project on UpWork. The client can choose to either pay the full amount upfront, or they can choose to pay in milestone payments.

Once the client has funded the project, the funds are then held in escrow until the project is complete.

As work is completed and approved by the client, payments are released from escrow and deposited into your agency account. From there, you can then transfer the funds to your personal account, or withdraw them directly using a linked bank account.

The UpWork Agency Account is a great way for freelancers to get paid for their work. It’s easy to use and makes managing your finances as a freelancer much simpler.

Dale Leydon

Dale Leydon

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