Understanding Upwork Fees

Introduction

As an independent freelancer on Upwork, it’s important to be aware of the platform’s fee structure. This knowledge helps you to correctly and transparently price your services. Right, let’s dive into it!

Upwork’s Fees for Freelancers

Upwork uses a sliding scale model for its fees. This means the fee percentage decreases the more you earn with a specific client.

• 20% for the first $500 you bill your client across all contracts.
• 10% for total billings with your client between $500.01 and $10,000.
• 5% for total billings with your client that exceed $10,000.

Please note that these rates apply to the current client you are working with and reset with every new client. For example, if you have billed a client more than $10,000, you will still start at a 20% fee with a new client.

Other Relevant Fees

There are also other fees that Upwork includes such as payment withdrawal fees. These fees can vary depending on the withdrawal method you opt for:

• Direct to local bank: $0.99 per withdrawal
• Wire Transfer: $30 per withdrawal
• Payoneer: Fees can vary and will be visible during the withdrawal process

Wrap Up

To stay profitable, always take these fees into consideration when you are deciding on your rates. Upwork is a reliable and flexible platform that connects you with a vast pool of clients, but do remember to factor in the associated costs to ensure your independent business runs smoothly.