| What is Payment Minder? |
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Payment Minder provides Clients (who wish to employ the services of a Self-Employed Worker/Service Provider) a secure method of making payment whereby a trusted third party holds the funds until the Service Provider has completed the job (or stage of the job) to a satisfactory standard.
After Payment Minder has been advised by the Client that the job (or stage of the job) has been completed to a satisfactory standard, only then are funds released to the Service Provider.
The use of Payment Minder will also incur a small fee of $10.00 per transaction payable by the Client who is making payment to the Service Provider.
A Service Provider who wishes to offer the facility of Payment Minder to their Clients must be a Premium Member. |
| Benefits to the Service Provider (offering this service): |
| (a) |
A Service Provider is likely to receive more work due to this secure payment option. |
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(b) |
This facility is particularly helpful for small businesses as sometimes small and relatively unknown businesses may find it difficult to get work due to Clients being reluctant to make a down payment to an unknown or recently established company or business before the job commences. |
|
(c) |
The Service Provider is assured of payment being held by a trusted third party before starting the job (or stage of the job). |
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Benefits to the Client: |
|
(a) |
The Client is assured the job (or stage of the job) is completed to a satisfactory standard before the Service Provider receives the funds.
(Note: Once payment has been made into Payment Minder, the Client and Service Provider are unable to access the funds until both parties have agreed to the release of the funds or a Court ruling). |