We use escrow payments to establish a secure financial environment for you and your experts on fixed-rate jobs.<\/p>
\ud83d\ude80 In this article <\/strong><\/p> The escrow account safeguards your payment and gives your expert payment confidence, allowing them to concentrate on your job.<\/p> In the escrow process, you must place funds in an escrow account when you send the job offer for a fixed-rate contract. You can deposit an amount for the entire job contract or a lesser payment for the initial milestone (minimum $5 USD for each milestone). Once you’re satisfied with the job, the escrow amount is sent to the expert.<\/p> After the expert sends the work for your review and approval<\/a><\/strong>, you’re given 14 days to approve the payment or request edits. If you don’t reply after 14 days, the system automatically completes the work, and the escrow balance is transferred to the expert.<\/p> \ud83d\udce1 Remember: When you add an escrow payment, you must clearly describe the work deliverables for the each milestone of a fixed-rate job. Add as much detail as possible. The job description establishes the contract between you and the expert for work deliverables. The recommended details include the scope of the work, deadlines, and the cost of the deliverables. In case of any future disputes, your work deliverables will serve as the foundation for resolving the issue.<\/strong><\/p> Your escrow payment adds three entries to your account transactions<\/a><\/strong>: <\/p>
How escrow works for fixed-rate jobs<\/h2>
Sending offers for fixed-rate job contracts<\/h2>