Freelancing is one of the largest platforms for making and earning money. Millions of people are daily working as a freelancer. Therefore, there is a huge popularity of something then you will find two kinds of people. The first category is honest and who wants to work with honesty, and the second type of people are those who want to make money by scamming others such as Refundable Security Deposit Fee which client ask for giving a project.
Thus, while making your mind to make money online and enter the virtual world. You have to distinguish between who is right and who is wrong. Otherwise, you will face the consequence badly, and recover from those scams is really hard.
Refundable Security Deposit in Freelancer
I have been working as a freelancer in Upwork, Fiverr, and freelancer for the past seven years. So I come up with one of the most disastrous facts that many fake clients scam new freelancers. Since new freelancers are enthusiastic about getting the first project for that reason they ignore all the issues. As a result, scammers trap freelancers and take all their money by the name of Refundable Security Deposit.
To understand the terminology. First, you have to read all the terms and regulations of freelancers. There is no refundable security deposit fee because the freelancer team itself secures all the funding hurdles. But one should know how freelancer works and what is its procedure to make money without losing money.
Also check: How to Make Money on Freelancer: Ultimate Guide 2020
Freelancer is not the one to pay money
First, you have to understand that all online earning money websites won’t let any client directly give or take money. Thus, they have a secure mechanism to deal between clients and freelancers. Moreover, if any client asks to send money, you should not send anyone outside of the freelancer website. Even if you are not the one to pay money.
Let me explain that explicitly. Whenever a client asks you to send a refundable security deposit fee. You should ask the client either you are working for him or the client want to work for you. If you are working for the client. Then the client should send you money. Who guarantees you that client will pay you after you will complete the project? For that reason, the client should deposit security for a freelancer as I strongly believe.
How to Secure Yourself on First Project
There are all possible ways where the freelancing platform secures you itself. The website will guide how to work with the client. So whenever, you are going to accept your first project. You have to keep these points in your mind before accepting the project.
- First, you have to check the registration date of the client. If the client has recently registered himself then there is the immense possibility that the person is a scammer. However, it is not the case every time.
- You must check either the client’s profile is verified or not. If verified then you can work with that person.
- Before accepting the project, you must ask the client to create a milestone, and once the client must create the milestone then accept the project. Remember without milestones, you must not accept the project. Because the website will take a 20% project fee once you will accept the project. To make yourself secure, you have to ask the client to create a milestone.
Milestone is one way where clients deposit money but the money will not send to your account. Instead, it will save to the freelancer website itself. Once you will complete the project then you will ask the client to release the milestone and then you will receive the money.
Making money online is an amazing way to spend the rest of your life independently. So, I encourage you always to find out new ways to make money online. There is an enormous possible way to make money. However, with a slight understanding of the mechanism of online work. You will get success in a short amount of time. Hence believe in yourself and dive into a sea of freelancing and cross your fingers for the triumph in near future.
Thanks for your article. I have been a victim of the same and even gave up on freelancing.
Can you be my coach on this i have nothing to do.
Thanks can i get links to genuine jobs please
Thank you so much for the honest guidance. Kindly suggest some genuine and serious clients for content writing or typing jobs.
good details, thanking for you. its very helpful for the beginner of freelancer.