SafePay
Secure payment protection system holding funds in escrow for freelance projects.
Executive Summary
SafePay by Guru is a robust payment protection system designed to ensure secure and transparent financial transactions between employers and freelancers on the Guru platform. It functions as a shared escrow account where employers deposit project funds before any work commences. This mechanism guarantees that funds are readily available for the freelancer upon successful completion of the project and the employer's satisfaction, thereby mitigating payment risks for both parties involved. For employers, SafePay offers peace of mind by ensuring that payments are only released once they are fully satisfied with the delivered work, aligning payment with project outcomes. For freelancers, it provides a crucial assurance that their efforts will be compensated, as the project funds are securely held in escrow from the outset. This system is a fundamental component of Guru's service, facilitating reliable and trustworthy engagements for all freelance work conducted through the platform.
Use Cases
- Securing funds for freelance projects before work begins.
- Ensuring freelancers are paid promptly upon project completion and client approval.
- Protecting employers by holding payments until satisfactory work delivery.
- Managing payments for project milestones in a transparent manner.
Features
Visibility
- Escrow Balance Transparency: Both employers and freelancers can clearly view the funds held in the SafePay escrow account at any time.
- Payment Status Tracking: Monitor the status of deposits, pending releases, and completed payments within the SafePay system.
Support
- Dedicated Help Articles: Access comprehensive guides and FAQs for both employers and freelancers on how to effectively use and manage SafePay.
Technical Specifications
- Deployment
- SaaS
- API Available
- No
Pricing
- Model
- Transaction-based fee
- Target Customer
- SMB,Freelancers
- Contract Type
- Per transaction
About Guru
Guru.com is an online freelance marketplace that connects businesses with over 2 million skilled freelance professionals across various industries. Founded in 1998 and headquartered in Pittsburgh, Pennsylvania, Guru.com facilitates project-based work through secure payment systems like SafePay and collaboration tools, serving over 800,000 employers and having processed more than 1 million paid invoices, disbursing over $250 million to freelancers.
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