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Have you been working on UpWork for a while already? Or are you a newbie on Upwork? In this video, you will learn the following about contracts on Upwork:
- what is the difference between hourly and fixed-price contracts;
- what are milestones and how does escrow work;
- what are the possibilities with fixed-price contracts on Upwork.

Firstly, if you want to start a contract, you must fund milestone one (money will go into Upwork’s Escrow). After a freelancer delivers the expected results for Milestone 1 and after you approve it, then release the first milestone from UpWork’s escrow. That’s how the money will start going to a freelancer. In order to initiate the second milestone, you have to fund the second milestone upfront. And again, money will be released from the escrow by you only once you approve the delivered work.

The video also tells what you should do in case you don’t like the freelancer’s work and want to get your money back.

TIMESTAMPS:
00:00 - Intro
00:30 - Upwork Fixed-Price contract
00:58 - How to set up the milestone
01:39 - How to release the payment
02:49 - How to refund the payment
04:16 - Criteria to accept the work
05:24 - Outro

Feel free to ask any questions as comments below 👇

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