Could you please update us on the evaluation progress your team is doing on
"Accelerate receipt of payments. We have heard from many of you a heightened desire to expedite payments from your Upwork clients. We have established an internal task force that is working on how we might do this, and we will keep you posted on these efforts here in the forums."
Annemarie - go to Settings and select the Get Paid option. You can sign up for Instant Pay if you want to bypass waiting for funds to be transferred to your bank account, but Instant Pay does incur a $2 fee.
Are you referring to fixed price payments or payments on hourly contracts? Once a milestone is approved you will receive your funds after our 5 days security period is finished. To learn more about how you`re getting paid on Hourly contracts, check out this Help Article.
If you have any additional questions, let me know. Thank you.
Wendy T wrote:
Hi! How do you activate this feauture? Does that mean you don't have to wait a week for every payment?
There's no feature to activate. The procedures and timelines for release of funds from escrow, and for payment on hourly jobs, are unchanged.
Upwork is reconsidering whether payment release can be expedited. If it comes up with anything, it will let us know.
You have to do a one-time setup to get started. From what I remember, I had to enter my debit card number. After a day or two the setup was complete, but after that the payment was literally instant. Very helpful during tight times.
I would be grateful that there is an options for clients to release payments in 24 hours. yes, my fiancee supports me when money is not enough, but sometimes she gets short of money and bills come as rain.