As a contractor you want to ensure that you get paid for the work you do, and you might be hesitant to start a project without payment or partial payment upfront as a form of protection.
However clients may also be unwilling or hesitant to make any upfront payments for fear of the contractor taking their money and not completing the job.
This could mean losing a potential client if you are unable to come to a suitable agreement.
Some of your worries about payment as a contractor might include…
- Should I complete the job without an upfront payment?
- Are they going to take my work and disappear?
- What are the terms we are working with?
- What if they refuse to pay?
- If any issues arise, who do I speak to?
If you are thinking about any of the questions above, then WondaPay can help.
How can WondaPay help contractors and clients with payments?
WondaPay is the only FCA-registered escrow payment platform for contractors and their clients.
Contractors can request clients’ payment into the WondaPay account before work, which gives both contractors and clients complete protection and confidence that the money is secure and will be released once the project has been delivered.
It should mean that contractors are able to commit to projects without the fear of going unpaid, or having to spend time chasing unpaid or late invoices. All of which enables contractors to build strong relationships with their clients and spend more time focusing on their contract work instead of administrative duties for their business.
WondaPay understands that the most productive projects are the ones where there’s mutual trust and a close collaborative relationship between contractor and client. WondaPay is here to facilitate this relationship with their unique trust platform.
It also has a dispute resolution service available should your client refuse to pay. They provide contractors with support and advice, helping them to deal with payment problems professionally and efficiently.
How does WondaPay work?
Agree your contract terms and request payment then all you need to do is deliver your work – WondaPay will sort out the rest.
When the time comes to request payment, they will make sure the payer is satisfied with the work provided and will then release your funds – meaning you could be paid in as little as 10 minutes, rather than 30 plus days.
Contractor payments made easy in three simple steps:
Why use WondaPay?
Paying into an escrow account ensures that contractors and their clients can have total assurance that their payment is safe.
Once signed-up, all you need is the other party’s email address to start a project.
We’re registered with the UK’s Financial Regulator, the FCA, and will hold your funds until the transaction is complete.
Every transaction is verified so contractors and payers can see a summary of completed projects and disputes raised.
Get started with WondaPay today and say goodbye to late and unpaid invoices!