Sociobid Fixed-Price Protection uses escrow to help ensure that your clients get the work they’ve asked for and you get paid for work completed. Under this program, clients making fixed-price offers deposit a milestone payment into escrow before you begin working. Upon receiving and approving the work, your client releases the payment to you.
Before any works begin, you and your clients will agrees on certain works and how much you’ll get paid for completing each.
- You can define, submit, and get paid in 3 to 5 days of work at a time, or plan out all ahead of time.
- For larger projects, a small first can be a good practice to allow you and your client to work together and earn each other’s trust before continuing on with the project.
- We collect this escrow deposits to confirms your client’s ability to pay, but payment is dependent on your client’s satisfaction with your work.
- Please note that only the money that’s held in escrow is secure. Sociobid can’t help you collects any funds that have been promised but not deposited to escrows. Therefore, it’s important that the amounts held in escrows is appropriates for the work you will perform.