Payment Terms & Conditions
Pay-In Partners (Client to Kolabtree)
A client can Fund their project on our platform after they have hired an expert using any of the following 3 methods :
(i) Stripe - Credit or Debit Card (VISA/Mastercard/VISA/VISADebit/MasterCard/Discover/JCB/American Express)
(ii) Bank Transfer - USD 25 extra to be paid as via transfer charges; Kolabtree suggests to go for this option only if amount is more than USD 1000
Important:
When client releases the funds for the project, an immediate Invoice is created from the platform as soon as the payment is done as per the following details:
Freelancer to Client – Complete project value invoice (amount that has been transferred)
All Funds will first be added to your Kolabtree Wallet, then you can transfer amount to your project/s i.e. Fund your project
The amount you have funded your project with becomes your Committed Balance for that project - payment to expert will be made from this amount
The remaining amount in your wallet is your Uncommitted Balance
Kolabtree does not charge any fee from the client for any mode of payment.
Pay-Out Partner (Kolabtree to Freelancer)
Freelancers will receive the payment through Payoneer
Important:
Experts must be registered on Payoneer for payouts i.e. to receive payments from Kolabtree
Payout cannot be processed unless there is a Minimum Balance of USD 49.99
When client releases the funds for the project, an immediate Invoice is created from the platform as soon as the payment is done
Disclaimer:
Kolabtree bears the sending charges for sending money to the Freelancers; any charges levied by the Freelancer’s bank for receiving the money or Forex loss will have to be borne by the Freelancers.