• Payment terms for Employer

  At the time of ordering a service, employers must provide funds equivalent to the total service price. The payment is protected by the Masters in Blockchain Payment System. Only release the payment once employers are 100% satisfied with the work that has been delivered.

• Payment terms for Freelancers

  Freelancer is free to sign up, create a profile, select skills of projects, upload a portfolio, receive project notifications, discuss project details with the employer, bid on projects (free members receive initially 20 bids per month) and enter contests.

• Projects

  For fixed price projects, if you are awarded a project, and you accept, we charge you a small project fee relative to the value of the selected bid, as an introduction fee. If you are subsequently paid more than the original bid amount, we will also charge the project fee on any overage payments. For hourly projects, the fee is levied on each payment as it is made by the employer to you. The fee for fixed price projects is 7% or $2.00 USD, whichever is greater, and 5% for hourly projects.

• Contests

  Submitting entries to a contest is free. Contest fee applies when you are awarded a contest prize. This fee is charged when the prize is released, which is after contest has been awarded to you and the handover of entry materials has been completed to the contest poster's satisfaction. The freelancer contest fee is just $2.00 USD.

• Services

  If you are subsequently hired to perform that Service, a 15% fee of the total service price is charged. This is charged when the service is ordered by way of a deduction from the payment you receive.

  • 15% for the first $500 billed with the client
  • 7% for lifetime billings with the client between $500.01 and $10,000
  • 3% for lifetime billings with the client that exceed $10,000
  When a freelancer bills $500 or $10,000 with a client, the freelancer automatically earns a lower fee going forward with that client. The freelancer will therefore see an increase in take-home earnings.

• Preferred Freelancer Program

  If you are in the Preferred Freelancer Program, you will be charged 10% project fee when you are awarded and accept a Recruiter project. This will not be charged upfront, like on regular projects, but rather when you receive the payment.

• 0% Fees Promotion

  Freelancer project commissions charged for freelancers who refer new employers that do not have an existing account on mastersinblockchain.com and who join and create a new account, will be reduced from 10% to 0%, for all future projects performed by the referring freelancer for the referred employer.
  This is subject to the following conditions:

  • New employers must be referred using the specific promotional links on Master's In Blockchain
  • This promotion does not apply to contests.
  • This promotion may be withdrawn for a specific user, if significant reversals, fraud or chargebacks are observed, if Freelancer believes that there is a risk of funds being subject to reversal or chargeback, in cases of disputes between employer and freelancer, or for any other reason.
  • Freelancer reserves the right to disallow use of this promotion in its sole and absolute discretion, with respect to fair use of this promotion, and to prevent any suspected fraud.
  • Freelancer reserves the right to require submission of further information from any party applying to make use of this promotion, for investigating fraud and for risk management and related purposes.
  • Freelancer reserves the right to cancel the promotion in any region if it is deemed or becomes unlawful to offer the promotion to any resident of that region.
  
  

Membership Plans

Memberships will recur on either a monthly or annual basis on the anniversary of your subscription, unless cancelled. If funds are insufficient we will try to renew your membership for up to 30 days, until funds are made available. You may cancel your membership at any time from the user settings page, which will cease billing at the end of your subscription period without additional costs.

Other Fees

Projects

The following fees are optionally charged for additional services.

Posting a Project	FREE
Featured	$5.00 USD
Urgent	$5.00 USD
Private	$10.00 USD
Full Time	$150.00 USD
Recruiter	$5.00 USD
Non-Disclosure Agreement (NDA)	$10.00 USD
IP Agreement	$10.00 USD
Sealed	$5.00 USD
Extend	$5.00 USD

Important Terms:

Featured projects receive special promotion to attract the most bidders possible to the project. With more bids, employers realize better prices and have more award options.
A non-disclosure agreement (NDA), is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties.
IP/Intellectual property agreement means a contract executed between or among collaborating institutions for the purchase and sale of intellectual property rights property assignment agreement.
Private project feature is perfect for projects that contain information that you do not wish to freely circulate online.
Sealed projects: To get unique bids, you can upgrade your project to Sealed as it prevents bidders from seeing others’ bids. Bidders will be prompted to write their proposal sincerely and come up with their bid amount and delivery date on their own
Recruiter: If you are having difficulties finding the right freelancer for your project, let our expert Recruiters look for the perfect freelancer for you.

Contests

The following fees are optionally charged for additional services.

Posting a Contest	FREE
Awarding contest	FREE
Awarding to additional freelancers	FREE
Guaranteed	FREE
Featured	$20.00 USD
Top Contest	$20.00 USD
Urgent	$25.00 USD
Highlight	$10.00 USD
Sealed	$20.00 USD
Private	$15.00 USD
Non-Disclosure Agreement (NDA)	$20.00 USD
Extend	Costs: 3 days = 10% of contest prize 5 days = 15% of contest prize 7 days = 20% of contest prize 14 days = 30% of contest prize 21 days = 40% of contest prize Half of the costs will be used to increase the contest prize (rounded to the nearest whole number).

Withdrawal Fees

Fees may be optionally levied depending on the method of withdrawal. Additional fees may be levied by the third party offering the withdrawal method. We impose a minimum withdrawal, after fees, of USD $50.

Maintenance Fee

User Accounts that have not logged in for six months will incur a maintenance fee of up to $7.00 USD per month until either the account is terminated or reactivated for storage, bandwidth, support and management costs of providing hosting of the user's profile, portfolio storage, listing in directories, file storage and message storage. These fees will be refunded upon request by users on subsequent reactivation.

Taxes

GST of 7%. Other government taxes may apply, depending on your region.

Withdraw your funds

When you have a balance in your seller account, you can withdraw your funds
Notes:

• You can withdraw money 14 days after the order is marked as completed. The waiting period for Top Rated Sellers is seven days.
• You can only withdraw once per 24 hours.
• There is a $5,000 maximum per transaction.
• There is a $2 charge per withdrawal. Additional fees may apply based on your location and currency.
• The minimum withdrawal amount is $20.