What Is An Hourly Project?
On an hourly project, a freelancer is paid for the number of hours that they have worked, rather than being paid a fixed price for a specific deliverable. This payment occurs on a weekly basis.
When Should Hourly Projects Be Used?
Hourly projects are best suited for the following project types:
Long term or ongoing projects.
Projects where the scope is not clearly defined.
Projects where you have an ongoing relationship with the freelancer.
How Do Hourly Payments Work For Employers?
Our hourly billing system has recently changed. When awarding an hourly project, employers are no longer required to create a milestone, and are instead required to have a verified payment method. This is to ensure the security of the freelancer who is completing the work.
Hourly projects are paid through time tracking and invoices. Freelancers track the time they work on your project, either through the Freelancer Desktop App or by manually entering the time worked.
Invoicing is now automatic. Every Monday morning at 00:01 in the employer’s local time, we will generate an invoice for the hours tracked by the freelancer in the past 7 days.
When we generate this invoice we will also charge your payment method for the amount due, and hold these funds as a Milestone Payment.
As an employer, you then have until Wednesday morning at 00:01 in your local time zone to review the work completed by your freelancer, and raise a dispute if required.
On Wednesday morning at 00:01 in the employer’s local time, we will automatically release the Milestone Payment that we have held, to the freelancer.
If you decide to manually release the milestone between Monday and Wednesday, we will mark the Invoice as paid, and no funds will be automatically released on Wednesday morning (as your freelancer will already have been paid).
What if I have an issue that needs to be resolved with my freelancer?
It is important that you always check your freelancer’s work between Monday and Wednesday morning, to ensure you are satisfied with the payment being released to them.
If you do not wish for us to release the payment, you need to raise a dispute on the Milestone that we have automatically created for you, before Wednesday morning at 00:01 in your local timezone. This will prevent the milestone from being automatically released, and allow you to resolve the dispute with your freelancer.
How Do Hourly Payments Work For Freelancers?
As a freelancer, you are required to track time on hourly projects to ensure that you are paid for every hour that you work.
You can either automatically track your time through the Freelancer Desktop App, or manually enter the time you have worked.
Project Fees for Freelancers
Freelancers will be charged project fees at the time an invoice is paid, or a milestone is released. Please note that you will not be charged any fees when accepting an hourly project.