Elance is free to join and there are no charges to post jobs, submit proposals or to work! So, how does Elance make money?
We deduct an 8.75% service fee from all invoices submitted by Freelancers on the site. To help Freelancers determine the final payment amount they will receive on their invoices, the service fee will show to Freelancers as they calculate their bid. For example, a Client will receive a bid of $547.95 ($500 + 8.75% fee of 47.95) if the Freelancer is aiming to receive $500 for their work. When work is completed and approved by the Client, Elance collects the $547.95 payment from the Client and passes $500 on to the Freelancer.
This is the only required cost of using Elance. There are optional costs for Clients and Freelancers looking to enhance their success on the platform, but these are voluntary fees.
Freelancers may also choose to subscribe to one of Elance's premium membership plans. For a monthly fee, these membership plans allow for further access to submitting proposals for open jobs and other benefits. Read more about these membership plans here.