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safest way to pay for a freelance job?

Discussion in 'Business & Tax Advice' started by jonvital, Feb 17, 2012.

  1. jonvital

    jonvital Junior Member

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    Im getting ready to pay someone to outsource a site for me but I would like to make sure i dont get suckered for any advance payments i send. any advice? Or is it best to just work with someone who will work on performance based work?
     
    Last edited: Feb 17, 2012
  2. volund

    volund Supreme Member

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    What site are you hiring them from? Pretty sure most of the freelance sites have an escrow procedure available. If not then do split payments, when I do a job for a new client I usually split it 25/50/25 at target points delivered. 25% down, the other 50% at an agreed upon point and the the last 25% on completion.
     
  3. jonvital

    jonvital Junior Member

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    I'm considering hiring someone i met from here. I gotta think about that 25/50/25 , Im still a little concerned like what if they jut take the %25 and dip on me.. lol
     
    Last edited: Feb 18, 2012
  4. fhc996

    fhc996 Newbie

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    I think you are going to have to incur some sort of risk either way. If 25 percent is a lot of money bring the first milestone payment down to 5 percent...
     
  5. smallgiant

    smallgiant Regular Member

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    The more payments the other person has to wait on equals a longer project time. Personally I always wait until I receive payment before resuming work.

    I suggest whoever you higher be a reputable member and with a decent account age. At least you know they won't throw away their account here for something stupid.
     
  6. volund

    volund Supreme Member

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    Well no matter what you do there is going to be some risk involved. You could go a smaller percentage if they will go for it. Personally I would not, the chances of me doing a bunch of work and then getting stuck without getting paid is just too high. From my point of view if they can not/ are not willing to part with at least 25% then they are not serious enough for me to mess with.

    You have to judge your comfort zone though and never risk so much money that is is going to be a big problem for you if you do get stiffed.
     
  7. BorisTipsIt

    BorisTipsIt Regular Member

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    Do milestones as people are suggesting. Also, look at their posts to make sure they've been around for some time and have a history. Might look for itrader reviews on them for similar projects, etc. All this being said, there is some risk in everything. Welcome to life!
     
  8. elclandestino

    elclandestino Registered Member

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    a lot depends on the amount, person's location, their credibility and very important - your guts
     
  9. rus1239

    rus1239 Newbie

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    I would do something like this:
    go to the freelancer (.co..m) website, and create a project ($5), award it to the guy you will pay.
    They have milestone escrow payments. (you are in control of when to release payment. If you never release it, it will be tied up in escrow until you email support and tell them to return it to you because the other party did not complete the work as agreed upon.
    This way the risk is only $5 (project fee).
     
  10. poweronics

    poweronics Jr. VIP Jr. VIP Premium Member

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    If you are using someone here, look at his itraders first of all. Secondly, ask for some samples of previously done work and then make a milestone payment plan and an agreement also. I usually pay 25% after I have got 25% work done satisfactorily by the person I hire.