Buyers who decide to accept your bid will pay your bid amount. Once a Buyer accepts your bid they will pay the US Dollar equivalent, at the exchange rate at that time, in Bitcoin. (Budgets and bids are quoted in US Dollars for reference, but all transactions occur in Bitcoin.) After the transaction, all amounts pertaining to that project will be quoted in the bitcoin amount paid.
Once the bid has been accepted you can then move into the Workspace to chat and work with the Buyer.
If you are awarded a project, we charge you a referral fee relative to the value of the selected bid, of 2,75% of the accepted bid amount.
This winning bid amount is held by Jobvir for the security of both Service Seller and Buyer.
Once a project has been marked as completed by the Buyer, you will receive the Bitcoin bid amount, minus Jobvir’s referral fee, in your Jobvir balance (see Fees and Charges).
You can then request to withdraw all, or a portion, of your Jobvir balance (with a minimum of the equivalent of $50) to your crypto wallet. We charge a flat rate fee of the BTC equivalent of *$1.75 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 Buyer or a Service Seller 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’).