What is Payment Guarantee?

One of the foremost wide-spread complaints freelancers in India have is to chase down payments once a project is completed. It is awkward and embarrassing having to constantly remind someone to pay you, and you are feeling it’d be putting a strain on what might be a long-term account. Of course, with new clients you run the danger of not getting paid in the least.

If you’re reading this text, then you’re presumably one among these two sorts of people: You’ve already faced this problem of freelancer payment, or the fear of this problem is one among the items that’s keeping you from freelancing. Well, you’ve called out for change and we’ve heard you loud and clear.

If you work then you will get paid. That’s our promise to you. No terms and conditions, no take-backs. The amount you agreed to figure for will hit your checking account on the date it had been promised (Please note that the ‘promised date’ is 15 days after the end of the milestone). So, whether preparing to require an investment, let that assurance of cash come to you calm those jittery nerves.

Let us tell you how the mechanism works.

Once you and therefore the business has prescribed the worth and milestones (using Team Up), the business sends you a suggestion which you want to accept. After you’ve accepted the offer the business must onboard you and now that the project will move under the “Payment Guaranteed” window. It is only after projects are moved here that the Rockerstop Payment Guarantee comes into effect.

Any contract that’s haunted on Rockerstop comes with the Payment Guarantee and works during a similar manner to a post-dated cheque; there’s no way for a client to change his mind or attempt to delay the payment. So now you’ll stop worrying about getting paid and consider what you ought to be concentrating on. Producing masterful work.

That’s the method during a nutshell but we realize the complexities of a working relationship are never quite that straightforward. So, we’ve inbuilt a few features and safeguards to form sure that this mechanism helps augment work and not inhibit it.

While we feel that simply getting paid on time are some things that’s not negotiable, businesses also require how to form sure they get the work that they need. That’s why they give ratings to you after every project. Your rating and ranking are some things you ought to be very careful about because it not only shows on your public profile and may help swing a replacement client’s opinion of you, but it’s also directly fed into our match-making engine and your visibility takes success with every bad rating and review you receive. So, confirm that you simply keep a client happy, or it could find yourself costing you tons, quite only one payment.

Of course, while working there’s always an opportunity of unexpected turns and delays being thrown up, and you would possibly need some overtime to finish that specific milestone in your agreement. Well, that’s exactly why we inbuilt a provision for you to request that the milestone be extended. Sometimes just that tiny little bit of extra work can make a world of difference and keep you within the business’ good books. 

In a perfect work scenario, you’d have accepted a suggestion from a client, with predefined milestones also because the dates those milestones are due. You do all the work, the client is happy, you get paid, rated, reviewed, and therefore the project ends. However, things don’t always work out so smoothly.

If you are feeling you’ve not done ok work and don’t want to require a negative rating and review, you’ll ask the business on team and figure out if there’s how you’ll fix it or whether or not they would really like a refund.

That decision is completely in your hands. It’s how our payment guarantee is structured to fit your needs. If you are feeling you’ve got done good work and deserve the payment, then you get paid, simple as that.

Suggestion –

One of the simplest mistakes to form is to mention, “I’ll remember,” when it involves keeping track of freelance payments. But as you extend your freelance business, you’ll have more clients and more projects that you won’t be able to keep it all in your head.

Use a spreadsheet or other finance apps to assist you retain track of your income. While there are many options which will assist you keep your books so as, tracking invoices doesn’t have to be complicated. You just need something that helps you retain track of which invoices you sent and to whom, the quantity owed, the maturity, and who has or has not paid.