Home Freelancing Breaking: Upwork Slashes Freelance Fees to Just 10%, Effective May 3

Breaking: Upwork Slashes Freelance Fees to Just 10%, Effective May 3

by Fanny Nyayic

Freelancers, rejoice! Upwork, the world’s largest freelancing platform, has just announced a major reduction in its fees. Effective May 3, Upwork will reduce their freelancer service fees from 20% to just 10%, providing a significant boost to the earnings of millions of freelancers around the globe.

“Contracts that already qualify for a 5% freelancer service fee will continue at 5% through the end of 2023.”

This exciting announcement comes after months of anticipation from the Upwork community, who have long hoped for a reduction in fees. The move is set to benefit millions of freelancers who rely on the platform to find work and build their careers.

The new fee structure is a game-changer for freelancers, who will now be able to keep more of their hard-earned income. With Upwork’s reduced fees, freelancers can take on more projects, invest in their skills and equipment, and grow their businesses more easily.

Freelancers on the Upwork platform are already celebrating the news. Many have taken to social media to share their excitement and express their gratitude to Upwork for making this bold move.

This reduction in fees is just the latest example of Upwork’s commitment to empowering freelancers and creating a more equitable and inclusive future of work. With this move, Upwork is paving the way for a brighter future for freelancers, and we can’t wait to see what amazing things they’ll achieve.

So mark your calendars, freelancers: May 3 is the day that Upwork’s new fee structure goes into effect, and it’s a day that will go down in history as a major win for freelancers everywhere!

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