FAQ for MEDIAmobz
Handling payments
How are payments handled on MEDIAmobz?How do we decide on a schedule of payments?
How can I use escrow on MEDIAmobz?
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How are payments handled on MEDIAmobz?
Buyers and producers determine their own payment terms. At the time the request is offered by the buyer and accepted by the producer, the parties must agree on the scope of the project and the price for completing the work.
The producer is required to pay MEDIAmobz a service fee calculated as either a flat fee or percentage of the budget agreed between producer and advertiser/buyer. This amount is due in full upon the bid being awarded to a producer. See below for the MEDIAmobz Service Fee Schedule.
| Project Budget | MEDIAMobz Service Fee | |
|---|---|---|
| Less than $500 | $40 flat fee | |
| $500 to $1,200 | 8% | |
| $1,201 to $250,000 | 10% | |
| Over $250,000 | 3% |
How do we decide on a schedule of payments?
The buyer and producer should decide at the outset of the project whether the producer will be paid in increments or in one lump sum at the end.
The buyer and producer will decide together the best way to handle payments to the producer: through PayPal, wire transfer, personal check, etc. MEDIAmobz is not involved in this part of the process.
How can I use escrow on MEDIAmobz?
As an option, the buyer and producer may decide to use the services of our certified partner Escrow.com. If the parties go this route, they will determine the amount to be placed into escrow and the number of payments to be made when the producer meets certain benchmarks.
This is a good option for high-priced projects or requests with multiple phases or benchmarks. We are working on a customized escrow.com process for MEDIAmobz buyers and producers who want to use an escrow service.