How does upwork pay?
How Upwork Pays
Overview of Payment on Upwork
On Upwork, earnings from completed projects are paid out in a number of ways. Clients are billed every Monday for hourly contracts, and funds become available for withdrawal 10 days later. For fixed-price contracts, earnings are available for withdrawal once the client has approved the work.
Payment Methods Available
- Direct to Bank: This method transfers funds directly to your bank account.
- PayPal: Upwork can pay you through PayPal. Your payments will be available in your PayPal account almost immediately.
- Wire Transfer: A more traditional method, this allows you to receive your funds through a wire transfer directly from your bank. Keep in mind this method can incur additional fees.
- Payoneer: An electronic payment service, allowing you to receive your payments on a prepaid debit card.
Upwork Service Fees
It’s also good to be aware that Upwork charges freelancers a service fee, which is taken from the total amount before you are paid. The fee varies depending on the total amount billed to a client:
- 20% for the first $500 billed with the client.
- 10% for lifetime billings with the client between $500.01 and $10,000.
- 5% for lifetime billings with the client that exceed $10,000.
Remember, keeping open communication with your client about payments and deadlines can lead to a smoother working relationship. It’s also important to note that all payments and transactions should occur through the Upwork platform to ensure safer and secure business dealings.