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Upwork: Difference between revisions
→Business Model Developments
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March 16, 2023. Upwork abolished freelance reducing-tier fee of 20/10/5%. As such, effective May 3, 2023, the freelancer service fees will be 10% for all new contracts regardless of contract value. The company said that "Contracts that already qualify for a 5% freelancer service fee will continue at 5% through the end of 2023." The new pricing will not affect Upwork Payroll, Any Hire, Direct Contracts, Bring Your Own (BYO), Enterprise Clients, and Talent Scout<ref>https://support.upwork.com/hc/en-us/articles/211062538-Freelancer-Service-Fees#exceptions</ref>. | March 16, 2023. Upwork abolished freelance reducing-tier fee of 20/10/5%. As such, effective May 3, 2023, the freelancer service fees will be 10% for all new contracts regardless of contract value. The company said that "Contracts that already qualify for a 5% freelancer service fee will continue at 5% through the end of 2023." The new pricing will not affect Upwork Payroll, Any Hire, Direct Contracts, Bring Your Own (BYO), Enterprise Clients, and Talent Scout<ref>https://support.upwork.com/hc/en-us/articles/211062538-Freelancer-Service-Fees#exceptions</ref>. | ||
Upwork also contract initiation fee. Effective April 26, 2023, Upwork will charge clients on its Marketplace and Project Catalog a one-time contract initiation fee of $4.95 per contract on new contracts. This is in addition to 5% (or discounted 3% for US eligible clients) transaction fee<ref>https://support.upwork.com/hc/en-us/articles/4660220468499-Client-Marketplace-Plan</ref><ref>https://discord.com/channels/978370501237932092/980154415216476180/1088080968167993395</ref>. | Upwork also introduced contract initiation fee. Effective April 26, 2023, Upwork will charge clients on its Marketplace and Project Catalog a one-time contract initiation fee of $4.95 per contract on new contracts. This is in addition to 5% (or discounted 3% for US eligible clients) transaction fee<ref>https://support.upwork.com/hc/en-us/articles/4660220468499-Client-Marketplace-Plan</ref><ref>https://discord.com/channels/978370501237932092/980154415216476180/1088080968167993395</ref>. | ||
== Upwork Market == | == Upwork Market == | ||