📊Industry Statistics: Transforming Payment Dynamics:

16% of freelancers wait two or more months to receive payment upon project completion (source: Independent Economy Council). Selfient ensures this is a thing of the past, as payments are expedited through our platform.
54% of US Freelancers find it takes too long to receive payment (source: Bill.com). Selfient guarantees that payment terms are met promptly, reducing wait times.
45% of US Freelancers report that their clients fail to pay on time (source: Bill.com). Selfient removes the need for freelancers to chase payments by ensuring timely and secure transactions.

72% of freelancers have invoices that remain unpaid by their clients (source: Independent Economy Council). Selfient addresses this issue by placing payments in escrow, awaiting the completion of contract terms, ensuring freelancers are compensated.

Many independent workers have outstanding invoices of completed work worth $50K US or more (source: Independent Economy Council). Selfient prevents this scenario by initiating payment escrow at the project's outset.

Prominent freelance platforms charge 10-20% of the project cost upon completion, along with a 3-5.5% client processing fee (source). Selfient addresses this issue by implementing minimal gas fees and a transaction fee of 5%, solely applicable to the hirer or purchaser. Notably, the talent/seller incurs no fees, and all platform fees are reinvested into advancing subsequent project phases.

Last updated 1 month ago