I totally agree with you. I'm top rated and my contracts are fixed. So, I don't get any benefits from this change. However, I'm glad someone will get their money faster during this period.
As far as I know, once the client released the milesone's funds it will only take 5 days to reflect to your available funds to withdraw. It's almost the same thing I guess. Although, this one is for Top-Rated Freelancers and Agencies only.
Agree. The escrow itself is a protection for clients, not freelancers. Also, I would make a notice for clients, unless there exists any (I don't know, I am not a client ), that freelancers wait for five days untill the payment is realeased, thus acctually extending the escrow for addional five days. This notice should prompt clients to approve milestones asap.
Why can't you reduce the waiting period from the time the funds for fixed contracts are held for 14 days while waiting for client's approval to 5 days as well? This is because some clients fail to approve the work in time. Therefore, one is forced to wait for the initial 14 days,,then another 5 days. This leads to a total of 19 days. Why can't this be reduced to an initial 5 days and another 5 days?