What is PaidPromise?
PaidPromise is a dedicated online escrow payment service aimed at freelancers who have successfully secured projects and wish to receive their payment prior to starting the work. The platform enables freelancers to create a distinct payment link for each project, allowing clients to make an advance payment of the agreed amount. Instead of being held in a corporate account, these funds are protected by a smart contract on Base, ensuring that payment is only disbursed once the client approves the work or after a specified review period of 3, 7, or 14 days without feedback. To promote clarity, freelancers can share a watermarked preview of their work initially, while only the final deliverables are made available post-payment approval. PaidPromise applies a straightforward fee of 1.75%, which is only charged upon the release of funds, and clients can initiate refunds free of charge. Unlike conventional freelancer marketplaces, PaidPromise eliminates subscription fees and caps project payment amounts at $500. This service is specifically designed for independent freelancers and their clients who wish to handle direct payments in a streamlined manner. By simplifying the payment process, PaidPromise enhances trust and security, creating a more reliable environment for freelancer-client transactions. Moreover, this platform empowers freelancers to take control of their financial interactions and fosters a productive working relationship with their clients.