For a bit of context: Upwork (back then known as oDesk) originally had a flat fee of 10% paid by contractors. Around the time they acquired Elance they changed the fee structure to make it 20% for contracts under $500. Now they are adding additional 5% on top paid by clients.
Note that a withdrawal to a non-US bank is an additional flat $30.
To be fair, until now, Upwork was also charging clients 3% for payment processing, and as far as I understood those will be now included in the 5%.
I predict this will encourage other market places (eg as Fiverr.com) to continue to go up market.
Jeez, I was about to put some new projects through Upwork as Informally use Freelancer but wanted to have alt account to widen potential options, bugger that now.
Any suggestions/experience on best alternatives?
I wonder why people would even use upwork for contracts over $10000.
i hire work from upwork - usually small jobs - couple hundred bucks here and there - sometimes more.
not sure what any of their fees are. i prob should start paying attention more.
i wonder why they changed the fee structure - if that's what happened.
I received a "remind-us?" mail from they ten days ago. I suppose that they lose a percentage of freelancers because of the Putin genocide and may be trying to round numbers. Russian freelancers probably can't work there anymore (Could be wrong)
All their "new features" are practically useless. Speaking as a client with many years of using UpWork.
Their fees were quite substantial before, but now it's more ridiculous. Probably gonna use it only for lead acquisition and move away instantly.