> For the complete documentation index, see [llms.txt](https://selfient.gitbook.io/selfient-lite-paper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://selfient.gitbook.io/selfient-lite-paper/problems-with-the-gig-economy.md).

# Problems With The Gig Economy

From costly wire transfer fees, to fraudulent and un-secure payments; the gig economy is riddled with problems when it comes to payment.

### *For Freelancers:* 

* **Payment Uncertainties and Management:** Freelancers often face uncertainties in receiving payment and managing their payments.
* **Delayed Payments:** Delayed or non-paid invoices creates stress and financial strain.
* **Manual Payment Tracking:** Traditional payment processes involve manual tracking and follow-ups.
* **Intermediary Involvement:** Heavy intermediary involvement which controls the sending of funds.
* **Payment Fraud:** Freelancers may receive payments that turn out to be fraudulent or from stolen credit cards.

### *For Hirers:* 

* **Payment Fraud:** Hirers may be scammed by fake freelancers who take payment without delivering the promised work. Payment and fraud issues are common when hiring others for work.
* **Trust:** Confirmation of work completed is often a challenge for employers and there are no protections for work performance issues.
* **Insecure payment systems**: Hirers may use insecure payment systems, which can lead to payment data being compromised and fraudulent charges.
* **Limited Contract Templates:** Contract customization limitations.

### *For International Workers:* 

* **Fees:** Global freelancers may earn more money, but they also face challenges related to currency exchange and wire transfer fees.
* **Currency Weakness:** Local or regional currency weaknesses can negatively impact their earnings as a freelancer.