Fee and ACH Authorization Agreement
This Fee and ACH Authorization Agreement (this “Agreement”) provides information on the fees FreelancerMax.com LLC (“FreelancerMax”) charge for use of the Site’s communication, invoicing, dispute resolution and payment services, and includes eligible Users’ authorization for debits and credits from and to their designated bank accounts via the automated clearing house network (“ACH”). This Agreement is part of the Terms of Service. Capitalized terms not defined in this Agreement are defined in the User Agreement, elsewhere in the Terms of Service, or have the meanings given such terms on the Site.
By continuing to use the Site or the Site Services on or after the Effective Date, you accept and agree to this Agreement. To the extent permitted by applicable law and except as otherwise provided in the Terms of Service, we may modify this Agreement without prior notice to you, and any revisions to this Agreement will take effect when posted on the Site unless otherwise stated. Please check the Site often for updates.
1. SERVICE FEES CHARGED TO FREELANCERS AND CLIENT
Pursuant to the User Agreement, FreelancerMax charges Freelancers and Clients a Service Fee for each Engagement. Depending on the nature of the Engagement, the Service Fees will be charged as a straight 5% Fee for both the Employer(“Client”) and 5% for the Freelancer, as discussed in further detail in this Section 1. Where applicable, FreelancerMax may also collect taxes (such as value added tax (VAT) in Europe) on Service Fees.
1.1 Flat % PRICING for CLIENT & FREELANCER
Based on the amount of the contract price, we will charge you a Service Fee of 5% of the Contract Price, to both the Client and the Freelancer as shown in the examples below.