why am I being charged escrow as a freelancer

why am I being charged escrow as a freelancer

3 REPLIES 3
prestonhunter
Member

re: "why am I being charged escrow as a freelancer"

 

Freelancers are not "charged escrow."

 

When a freelancer is hired for a fixed-price contract, a client funds an escrow payment..


For example:
Jon applied to Sandra's job to write an article about cats.

They agreed to a $50 fixed-price payment.

Sandra created a contract, with a $50 milestone payment.

Sandra's credit card was charged $50 to pay for this.

Jon wrote the article and clicked "Submit Work for Payment."

Sandra released the escrow payment to Jon.

After a 5-day security hold period, Jon withdrew this earnings to his bank account.

 

Jon was not "charged escrow."


Jon F wrote:

why am I being charged escrow as a freelancer


You aren't. You need to expand a little on your question to know what's going on. 

I answered my own question.  It was actually connect purchases, but PayPal indicated it as escrow