How much does upwork take from freelancers?
Understanding Upwork’s Freelancer Fees
Upwork Fee Structure for Freelancers
Freelancing on Upwork often means pondering on the question of platform fees. If you are a freelancer on Upwork, it is essential to comprehend the platform’s fees structure.
Upwork’s Sliding Fee Structure
Upwork operates on a sliding fee structure. Here is the breakdown:
- For the first $500 you bill your client across all contracts with them, Upwork charges a 20% fee.
- For total billings with your client between $500.01 and $10,000, the fee reduces to 10%.
- When your total billings with a client exceed $10,000, the fee further reduces to 5%.
Handling Upwork’s Fees
Although these fees might seem hefty, they also cover a variety of services Upwork provides, such as marketing, payment protection, and a suite of tools and platforms for collaboration and work management. To successfully freelance on Upwork, understand the fee structure and factor it into your rates to ensure the profitability of your freelance business.
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