Whats the difference between the milestone escrow and the hourly escrow?
There is the milestone escrow and the hourly escrow. The milestone escrow is used in fixed-price jobs (question or project), while the hourly escrow is utilized in hourly jobs. With the milestone escrow, payment can be fully released by the Buyer when a job is 100% completed to his satisfaction, or it can be released in several instalments previously agreed with the Buyer. Ensure that the work performed corresponds to the percentage of escrow that the Buyer made available. Providers must not work on a fixed-price job if there are no milestone payments in the Incoming Escrow table to pay for work. Otherwise, the Provider cannot have the assurance that he will be paid by the Buyer. With the hourly escrow, you are paid on a time basis and the escrow account is automatically billed as work unfolds. For that purpose, there is a data logging system that keeps a record of the working hours. In order for a Provider to be paid, logs must show that relevant work is being done, valid work memos a
