How does upwork payment platform work?

Upwork Payment Platform

Upwork provides a secure and efficient payment platform for freelancers. It has a systematic approach to receiving payments for the jobs you do. It’s designed in such a way to give freelancers peace of mind knowing that their financial matters are well handled.

Upwork Escrow Payment

This is an escrow system which ensures that the payment for a contract is secure before you start working. Your client deposits funds into an ‘Escrow’ account where funds are held until the job is completed.Working Process:

  • Step 1: Your client deposits funds into an Escrow.
  • Step 2: You submit the completed work and request for payment.
  • Step 3: Your client approves the request or asks for revisions. If the client doesn’t respond to a submitted work within 14 days, the payment is automatically approved and released to you.
  • Step 4: The payment from the escrow is released to your Upwork account.

Hourly Payment

For hourly contracts, you get paid for the hours you have worked which you need to log through Upwork’s desktop app.Working Process:

  • Step 1: Work and log hours using Upwork’s desktop app.
  • Step 2: Upwork reviews the logged hours and shares it for the client to review.
  • Step 3: If the client doesn’t dispute the hours within 5 days, the payment is processed.
  • Step 4: The payment from the client is released to your Upwork account.

Withdrawal Method

The money in your Upwork account can be withdrawn through several methods including Direct Deposit, Wire Transfer, PayPal, Payoneer. You can choose the one suits you best!

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