Hirers who decide to accept your bid will pay your bid amount at the time of accepting the bid. Budgets and bids are quoted in US Dollars for reference, but all transactions occur in Bitcoin (or other crypto currencies where indicated). Once a Hirer accepts your bid they will pay the US Dollar equivalent, at the exchange rate at that time, in Bitcoin (or other crypto currencies where indicated). After the transaction, all amounts pertaining to that project will be quoted in the bitcoin (or other crypto currencies where indicated) amount paid.
Once the bid has been accepted you can then move into the Workspace to work with the Hirer.
If you are awarded a project, we charge you a referral fee relative to the value of the selected bid, of between 3,95% and 7% (depending on your individual profile level) or the BTC equivalent of $10.00 USD, whichever is greater.
This winning bid amount is held by Jobvir for the security of both Service Provider and Hirer.
Once a job has been marked as completed by the Hirer, you will receive the Bitcoin bid amount, minus Jobvir’s commission, in your Jobvir balance (see Fees and Charges).
You can then request to withdraw all, or a portion of this amount (with a minimum of BTC0.005) via your crypto wallet. We charge a flat rate fee of the BTC equivalent of *$2.50 to transfer your withdrawal Bitcoin amount to a crypto wallet of your choosing to cover network fees. Withdrawals may take up to 7 days to process. A Fastrack option is available for a fee. There may be additional fees levied by your wallet provider or the crypto currency transactions exchange itself.
*We reserve the right to alter the network fee charge in cases of extreme BTC volatility.
Should a Hirer or a Service Provider at any time decide to cancel an accepted bid project the project will move into a disputed phase whereby Jobvir will investigate and make a decision on which party wins the dispute (See ‘Disputes Resolution’).