Introducing Deposits!

You’ve asked and we’ve heard it loud and clear. Say hello to our brand new feature: deposits!

Creatives

It’s always a good idea to ask for a deposit before starting a freelance project. A deposit demonstrates that the buyer has committed to paying you and seeing the project through to the end. This can make beginning a new paid project feel a lot less daunting. For these reasons, we’ve now introduced this functionality to Twine. This will make using Twine more secure than ever.

Next time you pitch on a paid project, as well as being asked to write a pitch and propose a price, you’ll be asked if you want to request a deposit. This can be 10%, 25% or 50%. Alternatively, if you feel a deposit isn’t suitable for a particular project, you can opt to not ask for one. This information will then be included with the rest of your pitch to help your buyer make their decision.

When the buyer accepts your pitch, they’ll have to pay the deposit amount upfront as a condition of working with you.

When pitching on a project, creatives will now be asked if they would like to request a deposit. This can be 10, 25 or 50 per cent.
When pitching on a project, creatives will now be asked if they would like to request a deposit.

Buyers

When you receive pitches, they’ll now have a deposit amount attached to them. This can be 10%, 25% or 50%. When you accept a creative, you’ll then pay that amount of the total price upfront. The outstanding amount will then be paid after completion. You’ll be able to hire more skilled creatives if you’re willing to pay a deposit, as they’ll know you’re serious about getting the work done.

Deposit amounts from creatives can be seen in pitches in Manage Briefs.

 

Once you’ve decided who you want to hire, simply click ‘accept’ and you’ll be taken through to a payment screen. This will break down your payments and when you’ll be paying what. If you have a voucher, this also will be taken off the total amount at this stage, which will often lower your deposit amount.

Once you click accept, the payment modal will break down exactly what you have to pay and when.

 

As it says here, your deposit is risk-free – we’ll hold it in our secure escrow system until you’re 100% happy with the project. But, it will validate your brief and make the process fairer for everyone.


Stay tuned for more exciting new features – let us know in the comments what you’d like to see next.

 

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Stuart Logan
The CEO of Twine. Follow him on Twine and on Twitter @stuartlogan – As the Big Boss, Stuart spends his days in a large leather armchair, staring out over the Manchester skyline while smoking a cigar and plotting world domination. (He doesn’t really). Originally from Salisbury, UK, he studied computer science at Manchester University but was always keen to break into the exciting world of start-ups, and was involved in a number of ventures before finalising his plans for Twine. When not wearing his chief executive hat (metaphorically speaking) he enjoys harbouring unrealistic expectations for Manchester United’s future success and live music.
Stuart Logan

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Stuart Logan

Stuart Logan

The CEO of Twine. Follow him on Twine and on Twitter @stuartlogan – As the Big Boss, Stuart spends his days in a large leather armchair, staring out over the Manchester skyline while smoking a cigar and plotting world domination. (He doesn’t really). Originally from Salisbury, UK, he studied computer science at Manchester University but was always keen to break into the exciting world of start-ups, and was involved in a number of ventures before finalising his plans for Twine. When not wearing his chief executive hat (metaphorically speaking) he enjoys harbouring unrealistic expectations for Manchester United’s future success and live music.

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