Weekly & Monthly Payments

Passivae offers flexibility for payment arrangements between clients and recruiters/job seekers. When a client posts a project, they can choose to pay on a weekly or monthly basis. This article outlines what you need to know about these payment options.

Weekly Payments

Weekly payments are a popular choice for shorter-term contracts or when a more frequent payment schedule is preferred. If you're working on a project with weekly payments:

• Expect payments on a specific day each week. The client will typically set a regular payment day (e.g., every Friday).

• Track your work hours accurately. If your agreement is based on an hourly rate, ensure you keep detailed records of your work hours for invoicing purposes.

• Communicate with the client. If you have any questions about payment calculations or schedules, reach out to the client for clarification.

Monthly Payments

Monthly payments are common for longer-term contracts or ongoing work arrangements. If you're working on a project with monthly payments:

• Expect payments on a specific date each month. The client will usually specify the payment date (e.g., the last day of the month).

• Invoice the client (if necessary). Depending on your agreement, you may need to submit invoices to the client for payment.

• Maintain clear communication. Keep the client updated on your progress and address any payment-related questions promptly.

Important Considerations:

• Payment methods: Discuss and agree on the preferred payment method with your client (e.g., bank transfer, online payment platform) before starting work.

• Payment terms: Ensure you understand the payment terms outlined in your contract, including payment schedules, any applicable fees, and how to handle potential disputes.

Whether you're receiving weekly or monthly payments, Passivae provides a platform for transparent and efficient transactions. By understanding the payment options and maintaining open communication with your clients, you can ensure a smooth and reliable payment experience.

Frequently Asked Questions

When will I receive my weekly or monthly payments?

The specific payment schedule depends on the client's preference, which they set when posting the project. For weekly payments, the client will typically specify a regular payment day each week (e.g., every Friday). For monthly payments, they will usually set a specific date each month (e.g., the last day of the month) or indicate a payment frequency (e.g., every 4 weeks). Refer to the project details or your agreement with the client for the exact payment schedule.

How is my payment calculated?

Your payment calculation depends on the terms of your agreement with the client. It could be based on:

• Hourly rate: Your hourly rate multiplied by the number of hours worked.

• Fixed weekly or monthly fee: A predetermined fixed amount for the week or month.

Refer to your contract or agreement with the client for the specific payment calculation method.

How long does it take for payments to be processed?

Payment processing times vary depending on the chosen payment method and the banks involved. Bank transfers typically take a few business days, while online payment platforms may have faster processing times. If you have concerns about processing times, discuss them with your client or check with your payment provider.

What if the payment date falls on a weekend or holiday?

If the payment date falls on a weekend or holiday, the payment will typically be processed on the next business day. Confirm this with your client to ensure clarity.

Can I choose to be paid weekly instead of monthly (or vice versa)?

The payment frequency is usually determined by the client when they post the project. If you have a preference for a different payment schedule, discuss it with your client to see if an alternative arrangement can be made.

Is there a minimum amount I need to earn before receiving a payment?

There is typically no minimum amount required to receive payment, unless specified otherwise in your agreement with the client. However, some payment methods or platforms may have their own minimum transfer amounts.

Who should I contact if I have questions about my payments?

If you have any questions or concerns about your payments, first contact the client directly to discuss the matter. If you're unable to resolve the issue with the client or need further assistance, reach out to Passivae's support team for guidance.