As a freelancer, you’re always looking for ways to get paid faster. That’s why you’re interested in knowing how long it takes for UpWork to release payment.
The short answer is that it depends on the client. Some clients release payments immediately, while others wait until the end of the project or milestone. There are also a few factors that can influence how long it takes for a client to release payment, such as the type of contract, the client’s payment schedule, and whether or not the work has been approved.
Here’s a more detailed look at each of these factors:
Type of contract:
If you’re working on an hourly contract, your payments will be released each week according to the client’s payment schedule. If you’re working on a fixed-price contract, your payment will be released after the project is completed or after each milestone is met, whichever the client has chosen.
And if you’re working on a recurring contract, your payments will be released according to the frequency set by the client (weekly, monthly, etc. ).
Client’s payment schedule:
Some clients release payments immediately after work is approved, while others wait until the end of the project or milestone. There are also clients who have a set day or time when they release payments (e.g., every Friday at 5pm).
Whether or not the work has been approved:
If your work hasn’t been approved yet, your client may not release payment until it has been approved. This is especially common with fixed-price contracts.
Conclusion:
So, how long does it take for UpWork to release payment? It depends on the client. Some clients release payments immediately while others wait until the end of the project or milestone.
