How do freelancers get paid on upwork?
Getting Paid on Upwork
A Comprehensive Guide for New Freelancers
Introduction
Welcome to the world of freelancing! One of the most common questions new freelancers ask is about how they get paid for their work. The structure of Upwork’s payment system is designed to ensure both client and freelancer are protected throughout the work process.
Hourly Contracts
If you’re working on an hourly contract, you will be paid per the number of hours you work.
Here’s what you need to keep in mind:
- You will need to log your hours using the Upwork Desktop App.
- Upwork guarantees payment for hours worked and logged through the Upwork Desktop App, adhering to the Hourly Protection.
- Hourly invoices are automatically generated and sent to your client for review every Monday at midnight UTC.
Fixed-Price Contracts
If you are on a fixed-price contract, the payment is usually released once the milestone attached
to the contract is successfully completed.
The following steps guide this process:
- A client sets up and funds a milestone in Escrow at the beginning of the contract.
- Upon successful completion and submission of the agreed upon work, you (the freelancer) request the payment.
- The client has 14 days to review and approve the milestone. If the client does not take action within 14 days, the funds are automatically released to the freelancer.
Payment Methods
Upwork allows freelancers to withdraw funds in several methods:
- Direct to your bank (Local Funds Transfer)
- Wire Transfer
- PayPal
- Payoneer
Keep in mind, each withdrawal method has its own fees, minimum and maximum limits, and lead times to process. It’s important to review and understand each payment method before setting up your withdrawal preference.
Conclusion
As you embark on your freelancing journey, understanding the payment process is crucial to ensure a smooth working
experience. Remember, transparent communication with your client always goes a long way in establishing a great working relationship!