Startup of the Week - Paid
by Startacus Admin
Freelancer? Hate chasing invoices? Paid is a startup that is on a mission to help freelancers and micro businesses get paid for work without the wait...
If you’re a freelancer, you’ll know only too well how challenging it can be to get the money in. You do the work and then spend an excessive amount of time chasing up invoices or overdue payments. And of course by doing that, it prevents you from doing other work. If that all sounds familiar, then our latest startup of the week ought to be right up your street. Paid is a startup that helps freelancers and micro businesses get paid for work without the wait.
Here’s how it works.
When you agree to do a piece of work with a client, you set up an online contract with Paid. By doing this, you will then be covered legally and financially, should there be any issues.
Then, when you have completed the work, you notify your client via your Paid account. Your client will then have the opportunity to review your work and confirm that it has been completed.
Once the client approves of the work, Paid will pay your invoice straight away - well generally within 3 business days.
The Paid team will then liaise with your client to settle the outstanding bill on their side. Clients can either pay upfront for the project or pay through monthly instalments.
The result? A win win for all!
To avail of the full Paid service, you will pay a fee of 7.5% of your bill. A small price to pay when you consider you will no longer have to spend your valuable time chasing up payments and invoices!
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Published on: 11th December 2019
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