vWorker - Fees
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Compared to its competition, vWorker uses a mercifully simple fee structure, deriving pretty much all of its revenues from transaction fees. The rates it charges are rather substantial: most contractors pay 15% on the value of the projects they complete, which is the highest percentage in the industry. However, vWorker compensates for this both by having no monthly, category or bidding fees, and also by providing services such as escrow and comprehensive arbitration at no additional cost.
vWorker, like most freelance marketplaces, makes contractors responsible for paying its service fees. Clients are not charged anything to post projects, and the site’s transaction fees are deducted from funds paid to contractors when a project is completed. I believe vWorker does not even show to clients what percentage of the funds they are paying for work go to contractors, as opposed to the site, though it does make this clear to contractors when they enter a proposal.
vWorker has only a single, flat membership that is used for all of its members. There are no signup or membership fees for clients or contractors.
vWorker doesn’t use categories in the same way as sites such as Elance or Guru. There are no restrictions on what sorts of projects any user can bid on, and so of course, no fees associated with categories either.
Again here, there are no fees: vWorker does not use a pay-for-bids system and does not charge contractors to place proposals. The site even goes beyond this, in that it not only doesn’t charge for bids, it has no system to limit the number of bids that contractors can place at all! This sounds great to most contractors, but has some drawbacks as well; I explore the advantages and disadvantages of the policy when I discuss bidding issues.
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