I am looking at hiring someone as a ghost writer and when i went to hire them this site requested payent method. When i entered my details its said 'pay now' but i set the due date for the furure. Will it take the money out of my account or wait until the date in which i selected?
If it is a fixed price job and if you want to fund the escrow in full, you will be charged immediately.
Instead you can divide them into multiple milestones and fund them as and when needed. This deposit will be held in escrow until you receive the work, are satisfied, and release funds to the freelancer.
If it is hourly job, every Monday you will be charged for previous week's work.