WondaPay: Launches deposit holding platform to help freelancers get paid
- WondaPay has launched a payment solution platform for freelancers designed to prevent late and unpaid invoices.
- It says the service acts as a financial intermediary between freelancers and their clients.
- The platform holds on to a mutually agreed deposit and releases the payment when work has been completed.
- The FCA-regulated service also has customizable contracts and dispute solution functionality.
- Freelancers spend an average of 20 days per year chasing late payments
- The mutual review system is based on a fixed set of criteria that automatically ranks both parties
