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New UpdatesUpdated on 22 Mar 2024

Making the Dream; Behind the Scenes of Building Bondly Escrow Payment

Making the Dream; Behind the Scenes of Building Bondly Escrow Payment
Chidera Anichebe

Chidera Anichebe

Head, Branding And Storytelling

For freelancers, one of the biggest challenges is getting paid on time and in full. Too many have experienced late payments, unfair chargebacks, and situations where clients disappear after accepting finished work. As freelancing grows globally, the need for a safer, more reliable payment structure has become obvious.

This is where escrow steps in. Escrow is no longer just a tool for large transactions or real estate deals. It is becoming the new standard in the freelance world because it protects both sides of the transaction.

Person using mobile phone for payment

Guaranteed Funds Before Work Begins

One major problem freelancers face is starting work without knowing whether the client will actually pay. Escrow solves this completely. When a client funds an escrow, the money is held securely. The freelancer can see that the funds are locked and available.

No More Payment Delays or Excuses

Freelancers often deal with excuses like 'I will pay you next week' or 'accounting has not processed it yet'. Escrow eliminates these delays. Since payment is already secured, freelancers no longer need to chase clients around multiple reminders.

Man in pink shirt using phone

Using escrow makes freelancers look more professional and organized. It shows that they take payments seriously and that they value transparency. This professional approach helps them attract better clients who appreciate structure and accountability.

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