Question job bidding(deposit)?

 

Hello everyone, I am new here and would like to know this "deposit" section? If someone could explain that in plain words that would be helpful. I understand that some about of money goes to the escrow, but I am interested to know who's money? Mine or money of my client? And what is the purpose of this system? I've tried to find an explanation but I guess I am stuck on this one. Thank you for your reply. Have a great day! 

0
1 comment

Official comment

Avatar
Natalie

Hello! 

The deposit is basically the amount the Buyer (client) will deposit under escrow as soon as the job starts. The reason why they deposit funds is for security reasons when approving your proposal. 

Once the job is completed then you, as a Freelancer, will raise the Invoice for the total (final) amount. 

Have a lovely day!

Please sign in to leave a comment.