Add me to the long list of frustrated freelancers that have to wait an extra 6 days to get their escrow payment. I know my complaints have fallen on deaf ears as I have written a few emails and recieved the same corporate speak replies about money "settling" in the account. You'd think the funds would be "settled" after sitting there for the two weeks it took to complete the job. Elance never did that. The only reason I can see is to squeeze more interest out of those escrow funds before giving them to the freelancer. Hey Upwork here's an idea: cut that wait period to ONE DAY if you have to do that to appease your shareholders. My client has their art and they are happy. At this point I have nothing and am-
Solved! Go to Solution.
You could go to the park and set up an easel and draw humorous caricatures of tourists and pedestrians, and they'd pay you cash and you would get your money instantly. Problem solved.
Sorry park sketching won't cut it for me. I'm a storyboard illustrator and conceptual artist that worked on staff at Leo Burnett, JWT, O&M, FCB and...oh yeah, ELANCE where the jobs didn't pay as much but never sat on your escrow funds.
In the real world, I invoice my offsite clients at the end of every month, and I am lucky if I get paid two weeks later. Neither Upwork nor Elance made/make any interest on escrow funds.
Upwork has been working on making the wait a bit shorter, but I doubt on a fixed-rate job that the 14-day period for a client to assess a freelancer's work is going to change. So you could wait from between 6 to about 2O days before you get paid. One has to budget accordingly.
Edited to add: And a brilliant cartoon, lol - sorry, I didn't look at it until now!
I have freelanced for ad agencies for 20 years in addition to working on staff and I have watched the time to get paid stretch from 30 days to over 90, but the compensation was so much better you didn't mind waiting. Some agencies have changed policies like FCB where you are a freelancer, but they pay you like a staff employee a week or two after you complete the work with taxes taken out. I will be patient now and shut up and wait for my cash Tuesday. LOL
Wow, nice. I think a tip might be in order?
while I don't think the waiting period is too long, I think Upwork could do a somewhat better job in explaining the reasons behind the security period. I too thought about possible interest at first. The subject has come up in the forum on multiple occasions, Upwork has stated that there is no interest and has explained a bit about security reasons, but you'd have to dig through the forum for that info. You'd also find respective info on recent tests to shorten the security period. It sounded fairly promising and I'd expect there to be an announcement in due time.
re: "Wow, nice. I think a tip might be in order?"
But I have purchased the cartoon from Seitu using an Upwork contract.
I really enjoyed the raw, immediate and personal nature of the work. I couldn't pass up the opportunity to own it. It is now featured in my personal database cartoon collection on a website I won't reference here.
The contract stipulated that I would be changing the text, by the way. I am using it for marketing purposes, after all.