Have you been working yourself ragged on a project or event only to be told that you need to wait for the payment to clear and, when it does, the banking fees have eaten a much larger piece of the pie than expected? Many of us can identify with this scenario.
The lives of freelance workers and events organisers are fraught with monetary headaches. They have no regular paycheck and budgets can blow up if there are holdups on payments, sudden disputes, or withholding of monies by clients.
This is where Velvet Platform steps up to the plate as the company that understands that the way people work is changing and evolving all around us, and you need a payment system that will change and adapt with you.
We know that independent workers hate the lack of control of payments made to them. However, by using an escrow payment system, like Velvet, the money is held securely by the third party agent on their behalf for the project’s duration. This means that independent workers can relax and carry on with the job without nagging doubts and worries about finances, with their money securely deposited in the agent’s account.
That is where Velvet Platform can help you by using milestones to minimise the amount of money your client must part with at any time. Your client can deposit small increments, at regular periods, which to them does not seem like a large lump sum of money to be forgoing and as your third party agent Velvet can withdraw these funds over to you.
It is a sensible approach if your work is project-based or has retainer agreements. However, it also works for hourly-paid projects. You not only have a happier client, but you also get paid at regular times, like an employee, but with the flexibility of being an independent contractor. You can achieve this with Velvet, your multi-currency collaborative partner, no matter what your business is.
Freelancing cannot get any better, with a one-stop payment system that uses the security of escrow. All you need to do is set up your projects with Velvet using these eight easy steps:
- Register & identify yourself
- Add your event or transaction
- Invite participants to your transaction
- Tell us the terms of the transaction
- Create your event or transaction link
- Collect the money
- Confirm your project is completed
- Everyone gets paid
Velvet and other companies in its group are fully licensed to provide financial services, using the most secure transaction tracking technology. This cuts down on the number of times money is moved from one account to another and saves on banking fees and other hidden costs. It also delivers a personal touch, as its clients will be working with a human account manager, as opposed to a bot and FAQ page. This helps clients set up the service to maximise their time, money and service needs.
Velvet understands that the way people work is changing and evolving worldwide, and you need a payment system that will change and adapt with you. Velvet is your multi-currency collaborative partner, no matter what your business is.