In the past, both clients and freelancers have asked for additional ways to protect themselves from unnecessary risk on fixed-price jobs. So, we’re delighted to share that with this new fixed-price model, instead of negotiating an upfront payment, clients will submit a fully refundable deposit. This deposit is held by oDesk until the milestone is completed, and is then released to the freelancer after the client reviews and approves the submitted work.
Some of the key benefits of this new model include:
- Freelancers start work knowing a client will be able to pay for their work
- Clients attract top talent without risking an upfront payment
- Clients can review and approve work in one easy flow
- Freelancers get paid automatically 14 days after submitting work if a client becomes unresponsive
We have rolled this feature out to only a small group of users and will look to roll it out more broadly over the next several weeks. Job offers on the new model will specify a first milestone and funded amount. Fixed-price jobs already posted or hired for will not change.
The oDesk Team