I would pay up to 250 bucks, depends on the quality, like others have said, it also depends on the type of business I am doing also. But 250 bucks for a logo to be used online sounds fair to me if I really like the job, after all, you definitely want to have that logo that you will be remembered by too, so giving a little bit of money seems like a good investment to me . My barber is actually designing a logo for me right now to be used for a site I am working on (he is a talented graphic design student with pretty legit stuff that goes along of what I want) we haven't talked numbers yet but once he's done I will let you guys know how much he is asking for it, and how much we finally settled on. As far as freelancer goes, I only used it once and I was disappointed, dude seemed to have great reviews on the projects, but he definitely took too long and seemed confused, and struggling, and it was hard to get in contact with him when he said we would talk online and blah blah blah. From then on, I decided to only work with locals when it comes to web designing, after all I know where they live/work so tracking them down won't be as hard as it would someone from India.