One of the biggest hurdles to becoming a successful online service provider is dealing with finances. Invoicing, collecting payments, and chasing late payments can all tear chunks out of a programmer’s week leaving minimal time to actually work on projects.
Another major concern with payments is ensuring their timely receipt. There’s no worse feeling than dedicating one’s time and energy to the successful completion of a project only for payment to be delayed or, worse still, never turn up at all. For a freelancer this can have serious implications to our personal life as well as business life.
RentACoder is a programmer’s marketplace where freelancers can bid on projects needed by businesses and individuals. What’s more they also provide a detailed and secure transaction process. As soon as a project is agreed between the coder and the buyer, the project fee is placed in Escrow and is released once the project has been satisfactorily completed.
The project fees accrued in a programmer’s account can be released at the beginning of the month, in the middle, or both. By offering this simple and secure transaction process RentACoder firmly takes the responsibility away from the programmer enabling them to do what they’re best at – programming.
June 11, 2008
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