An Escrow is a contractual arrangement between a Hirer and a freelancer, where a Hirer purchases the services of a freelancer and is legally bound to pay for the services they purchased. To manage payments securely and building the trust between the hirers and freelancers on a project, we use Escrow account, where the project funds are deposited securely.
At 360WORK, an Escrow account is held, containing funds for payment of services to be provided by the freelancers; and we release these funds when the freelancer has completed a pre-agreed project, raised an invoice and the hirer has accepted and agreed to release the funds from the Escrow account to freelancer's account.
360WORK supports payments made to and from more than 220 destinations and more than 135 global currencies. To find out more about the list of countries supported by 360WORK, please click here.
Please note, from September 2019 all transactions made to, or from destination in Europe must go through the 3D Secure (3DS) process. The 3DS process provides an additional security layer for online credit and debit card transactions, allowing customers to authenticate their payments with their Issuing Bank in real time.
10% off your first hire!
Whether you are looking to hire an expert freelancer or a permanent employee, we are here to help.
Enjoy 10% service fee discount for your first hire at 360WORK.