Faster payouts for hourly contracts

[Monika D]

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.

[Evangeline M]

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.

[Andrey G]

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.

[Elena K]

Hourly contracts have a 10-days holding period, while fixed-price contracts have a 5-days holding period. 10 days is really too long sometimes. 

[Ben J]

At least fixed price contracts were already faster to pay out, but there is definitely the question of why there would be a delay in the first place.

[Abid B]

I am also top rated freelancer, but I don't have received any email from the upwork about it

[Jordon B]

Why only hourly?

[Irfan Ullah K]

Hourly contracts payouts are now done in 5 days rather than 10 days.

Fixed contracts payments were already being released in 5 days. This means now both hourly and fixed contracts will be paid out in 5 days. So what else do you need?

[Adonijah A]

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?

[Robin E]

Good point, thanks for posting that!