Are you considering or already working on Upwork, one of the most popular freelance marketplaces? Understanding the platform’s unique weekly payment cycle is crucial for freelancers to ensure smooth and timely payment. In this article, we will break down Upwork’s payment process, from tracking hours to receiving your hard-earned money. Let’s dive into the details.
The Upwork Weekly Cycle: Monday to Sunday
In the Upwork marketplace, each week starts on Monday and ends on Sunday. This weekly cycle is essential to grasp as it dictates when you will receive your payments.
Invoice Generation: Every Monday
After a work week end on Sunday, in the next Monday Upwork generates an invoice for your tracked hours, which is sent to your client. This gives your client a week to review the invoice for accuracy.
Invoice Review: Until Friday
Clients have time until next Friday, meantime he/she can review and change/approve the invoices.
Payment Hold for Security: From Friday to Tuesday
After the client’s review period, Upwork temporarily holds the payment as a security measure. This hold is in place from Friday to the following Tuesday, ensuring that the transaction is secure.
Payment Availability: On Wednesday
The funds become available for withdrawal on the Wednesday. This means after the security hold at Wednesday payment will be available for withdrawal.
An overview from Upwork
Resource: https://support.upwork.com/hc/en-us/articles/211063668-Get-Paid-for-Hourly-Contracts