Weekly billing for hourly projects
In order to award an hourly project, the weekly automatic billing of your project’s invoices has to be set up first. If you do not have a verified payment method yet, you will be directed to the Verify Payment Method page to proceed.
Your billing details will be listed as follows on the payment setup window:
- Hourly Rate: the amount paid to your awarded freelancer for every hour tracked on the project.
- Weekly Limit: the maximum number of hours the freelancer will be able to track every week. This can be changed from 1 to 168 hours per week by clicking Edit.
- Invoices Generated: the schedule of automatically generating invoices.
- Automatic Billing: the schedule of automatic weekly payments for generated invoices.
You may create an initial Milestone Payment for your freelancer’s first hour of work on the Setup a Milestone section. This initial Milestone, if created, will be used up to pay for the very first invoice before the system creates one weekly. The Milestone Payment will be funded using your available balance or through your verified payment method.
The invoice will be automatically paid every Wednesday (in your timezone) using its corresponding Milestone Payment.