As a freelancer, it’s important to know what to expect in terms of payment when you work with a client. In this article, we’ll discuss what UpWork is, how it works, and what you can expect in terms of pay.
UpWork is a freelancing platform that connects businesses with freelancers for project-based work. It’s a great way for businesses to find talented workers from all over the world, and for freelancers to find work opportunities with businesses that fit their skillset.
When you work with a client on UpWork, you’ll agree to an hourly rate or a fixed price for the project. Once the project is complete, the client will pay you through the UpWork platform. You can then withdraw the funds to your bank account or PayPal account.
UpWork takes a percentage of your earnings as a service fee, and they also charge a fee for processed payments. The service fee is deducted from your earnings before they’re deposited into your account. For example, if you earn $100 for a project, UpWork will deduct their service fee of $2.75, and you’ll be deposited $97.25 into your account.
The payment processing fee is charged by UpWork when you withdraw funds from your account. The fee is $1 for withdrawals made through ACH bank transfer, and $2 for withdrawals made through PayPal.
So, what does this all mean for you as a freelancer? When working with clients on UpWork, you can expect to earn less than what you would earn if working directly with the client outside of the platform.
However, UpWork does provide protection for both freelancers and clients in terms of payment and dispute resolution. They also handle all of the payments so that you don’t have to worry about invoicing or chasing down payments from clients.
If you’re looking for an opportunity to find freelance work online, UpWork is a great option. Just be sure to take their fees into consideration when negotiating rates with clients.
