Advantages Of Escrow Payment In Freelancing

The fashionable phrases of this Internet era are 'Working from home' and 'Tele Commute' Jobs. Freelance job opportunities are getting popular every day. The prospect of earning from the comforts of the home is simply irresistible. Moms as well as the aged people see this freelancing facility as a boon and benefit. Billions of Net connections, Websites and E-commerce Internet Stores have revolutionized and shattered the basic concepts of conventional career mind set.

So what?

It is Cats and Dogs out there to seize the first TEN places in search engine results. Technology as well as the creativity and nuances of talented people certainly help winning this fierce battle of 'Key words' and 'Optimization'. Freelancers now step in to take stock of the situation and tender their unbelievable services.

Can you elaborate on 'Unbelievable' services?

A student on vacation in the remote corner of China writes One hundred Hypnotizing Articles on Ford Car Dealerships in California, USA! A little girl from the slum of Calcutta, India, designs luminous Flash animations for Apparel and fashion sites in Germany! All she has to type in the messenger is "Let's start". Internet has devastated the barriers of Race, Caste, Language and Religions in the world and fashioned a Cosmopolitan globe for sure!

Thousands of projects are posted every minute and millions of bids are placed to win the projects every day. To name a few job opportunities out there, the following categories sum up the enormity of the projects waiting for freelancers to bid upon.

Proof reading already existing text.

Rewriting the given text. Translation.

Creating unique web content. SEO.

Creating Hypnotizing sales letter viral copy.

Data entry. Data processing. Harvesting details from the net.

Cloning good sites.

Web designing. Web promoting.

Coding.

Linux. UNIX. Windows. Dot Net. Pearl. Python.

Many more!

Gothilla! Thelavalethu! Malum nahi! (All three mean to say - 'I don't know!') Honestly!

Getting a freelance job or finding a professional freelancer around the world is literally a mouse click away!

Fine! Let it be in that way. What's the burning thing now?

The one and only delicate issue in this arena of freelancing, apart from deadlines and service quality is, 'Payment'. Service buyers are reluctant to pay 'up front' for obvious reasons and the providers are also a little bit hesitant to start and submit the project in the absence of an advance. The stories of people burnt left to right from both sides of the counter are circulating in the thin air of freelancing ambiance. Out sourcing and freelancing have evolved and are here to stay. They can't be ignored. Tricky situation indeed!

What else could solve this problem?

Again technology intervened and established a payment method called Escrow, which has indeed eradicated this problem. In its simplest context, Escrow allows the Buyer to deposit the sum assured against the name and account of the provider. It is not actually added in to the managing account of the provider. He or she enthusiastically starts, finishes and submits the project.

If the buyer grins on seeing the outcome, he releases the payment with one click. If he frowns, he creates a ticket in the Help desk of the freelance site and the staff in charge there analyses the case and returns the money to the buyer. On the other hand, if the staff in charge sees that the coding has been accepted by the buyer and he or she declines to surface online to release the payment, the staff acts as ombudsman and releases the payment to the current account of the provider.

Can you agitate on this a little further?

Needless to say, with the money being deposited in the Escrow, both service buyer as well as the provider can rest assured and quarry the inner most expertise with out any psychological hindrance. The coder is confident that the returns are with the third party and he will be paid once he completes the project successfully. The web master feels certain that the money is only with the facilitator of the project, and will be released only after the submission and complete satisfaction of the buyer. Undoubtedly the Escrow payment system is better than the trendy 'One hundred percent money back guarantee' schemes.

It is a boon for the client as well as the clientele, because, most of the Freelance sites which facilitate and act as a buffer arena are having this Escrow payment system inbuilt in their setup. More over, they constantly encourage users to make use of this exclusive facility. Cancellations, retracts of Bids and projects usually percolate to a single main reason. Payments. So the market leaders like www.getafreelancer.com and www.guru.com are extending this facility to the members in order to make sure that both the employer and the employee are protected.

Well, what are you trying to say in finality?

Since the major thorny issue of payments is wiped out from the freelancing vicinity, the freelance enthusiasts can be self-assured and start accepting the projects of their choice and expertise. Well, a few hundreds of Dollars every week could come in handy for many subtle spending spree in the neighborhood! Won't they?

'Trafficlancer' is a freelancer who is an expert in driving traffic to many sites of his clients. Numerous other useful articles, which can be down loaded for free, decorate http://www.freewebs.com/trafficlancer. The author wishes all the very best to the existing as well as the 'wannabe' freelancers around the globe!

Trafficlancer is the webmaster of complete freelancing insider information website http://www.freewebs.com/trafficlancer