Por admin Types of Contracts on Remote Work Platforms: Everything You Need to Know. Did you know about the types of contracts available on different work platforms? That’s right—these platforms offer remote jobs from anywhere in the world, and you only need to create a profile to work wherever you want and with companies or projects across the globe.
These contracts are hourly, and the hours worked and the time invested in the project are tracked.
How payment works:
- The client must have a valid payment method connected to their account.
- The client’s funds are automatically charged weekly for the recorded hours.
- You have a review and dispute period in case of discrepancies.
Weekly rates and payments are set by the project and are tailored for software developers, technical support, or recurring writing jobs.
Another type of contract is the fixed-price contract, also called fide price contracts. In this, the total amount is agreed upon and paid in one or multiple defined milestones.
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How payment works:
- Once you deliver the work, you request payment for the milestone or the entire project.
- The client has a period to review and approve (usually 14 days).
- If the client doesn’t respond within the time frame, the money is automatically released to your account.
Funds are deposited into a secure account before starting the work, providing more flexibility in the tasks and time allocated.
This type of contract is ideal for graphic designers, web creators, and translators.
The direct contract allows working with clients outside the platforms using their contract system and payment protection.
Long-term contracts:
In this type, terms are established that combine fixed-price or hourly rates depending on the nature of the project. Contracts can renew automatically if both parties are satisfied. Agreements between the parties are flexible and may change depending on the project’s scope.
This is ideal for virtual assistants, consultants, or developers.
On any platform, a commission is charged, ranging from 5% and increasing depending on the worker’s or client’s earnings.
Payment methods include PayPal, Payoneer, or other options available on each platform.
What does each contract include?
Each platform uses the profile from your account, which only includes your name, last name, email, and country.
The time zone for meetings is noted, and time trackers or screen capture tools must be installed. Mouse movements and keyboard activity are also tracked.
Sensitive data, such as personal address or direct contact information, is not recorded or shared unless required for the project.
It is explicitly mentioned that you should not share personal information, such as a full address or banking details, directly.
What happens if the client doesn’t want to pay you?
On some platforms, you can open a dispute. The platform will mediate to release the escrow funds if you can prove that you completed the work as agreed.
Types of Contracts on Remote Work Platforms: Everything You Need to Know