What is the difference between hourly escrow and milestone escrow?
There are two escrow options: the hourly escrow, which is utilized in hourly jobs and the milestone escrow, which is used in fixed-price jobs (question or project). With the milestone escrow system, you send the funds to an escrow account which is temporarily over the control of GetACoder and once you are fully satisfied with the Provider’s work, you can release the escrow funds to him by going to the “Payment Transactions” area and in the “Outgoing Escrow Payments” table, click on the “Finish Payment” link. Be noted that you can either place a payment in escrow corresponding to the total bid amount or you can pay in instalments. In the event you want an escrow payment to be cancelled, we advise you to first contact the Provider directly, since he has the power to cancel the escrow transaction at any time. With the hourly escrow, the escrow account is automatically billed by our system in accordance with the agreed charge rate and the verified work logs available in the \”Buyer Activit
