If you’re a freelancer, you’ve probably considered using UpWork (formerly oDesk) to find clients and grow your business. But how does UpWork actually work? How do you get paid?
UpWork is a freelancing platform that connects businesses with freelancers for various projects. Clients post projects on UpWork and freelancers can then bid on those projects. Once a client chooses a freelancer for the project, they can work together through the UpWork platform.
So how do you get paid? Well, it depends on the project.
For hourly projects, you’ll track your time using the UpWork Time Tracker and submit your hours for approval at the end of each week. Your client will then review your hours and approve them (or request changes, if necessary). Once your hours are approved, you’ll be paid according to the terms of your contract.
For fixed-price projects, you’ll submit milestones for your client’s review and approval. Once approved, you’ll be paid according to the terms of your contract.
According to Upwork’s own help pages, payments can take up to 5 business days to be processed. This means that if you’re expecting to be paid on a Friday, your earliest possible payday would be the following Wednesday.
Of course, this isn’t always the case and some payments are processed much quicker. However, it’s always best to be prepared for a longer wait just in case.
It’s important to note that you will not be paid directly by UpWork. Instead, clients will pay into an escrow account and funds will be released to you according to the terms of your contract. This protects both freelancers and clients by ensuring that funds are available when work is completed.
So how long does it take to get paid? For hourly projects, you’ll submit your hours at the end of each week and payments will be released according to the terms of your contract. For fixed-price projects, payments will be released according to the milestones you’ve submitted and approved.
To summarize, here’s how long it takes to get paid on UpWork:
- Hourly Projects: You’ll submit hours at the end of each week and payments will be released according to the terms of your contract.
- Fixed-price Projects: Payments will be released according to the milestones you’ve submitted and approved.
So there you have it! A quick overview of how UpWork works and how long it takes to get paid. If you’re ready to start freelancing, create a profile and start bidding on projects!
