Guide on Switching to Fixed Payment Account on Upwork

Introduction

If you’re new to the freelancing world, adapting to different payment structures may seem confusing at first. However, rest assured that switching between hourly and fixed payment structures in Upwork is a straightforward process.

Steps to Change Your Account to Fixed Payment on Upwork

There’s no ‘global setting’ in Upwork that lets you choose between fixed price and hourly jobs. Rather, the type of payment (fixed or hourly) is decided on a contract by contract basis. Here’s how:

• When you find a project you like, click Submit a Proposal.
• Then, under Terms, you can switch between Hourly and Fixed Price using the toggle.
• If you choose Fixed Price, you’ll need to put in the total amount you’re charging for the project.

In other words, you can switch your account to fixed payment for each job individually when you’re submitting a proposal.

Important Considerations

Before you switch to fixed price, remember:

• The client pays the fixed price amount into an escrow account. You’re then paid out of this escrow account as you reach the project milestones you and your client have agreed upon.
• It’s important to set clear and achievable milestones with your client to make sure you’re paid as the work is completed.
• You must submit your milestones for approval to get paid. If the client doesn’t approve, there could be a delay in your payment.

Conclusion

Remember, choosing between hourly or fixed price contracts depends entirely on your preference and the type of work. Each type has its benefits and it’s up to you to choose which option best suits your working style and the project requirements.

Happy freelancing!