Escrow on ZIO: What Is It and Why Do You Need It
On freelance platforms, you can find excellent specialists and interesting projects, but there is always some risk involved. Employers fear losing money on subpar work, while freelancers worry about not getting paid. That’s exactly why the “Escrow” service exists on the Zio platform — a tool that ensures fair collaboration terms for both parties.
What is Escrow?
Escrow is a protection system in which the platform acts as an intermediary between the employer and the freelancer. Funds are reserved in advance on the Zio account and are released to the freelancer only after the work is completed and approved.
This way, the employer can be confident that their money won’t be wasted, and the freelancer has a guarantee of payment.
How Escrow works on Zio
The collaboration process through Escrow is simple:
- Employer posts a task and specifies the budget;
- Funds are reserved on the platform;
- Freelancer completes the work and submits it through the system;
- After employer's approval, payment is released to the freelancer.
In case of a dispute, Zio support can step in — acting as an arbitrator to help find a solution.
Benefits for employers and freelancers
The service is convenient for both sides:
- Employer pays only for results and can request a refund if the work doesn’t meet the requirements.
- Freelancer sees that the funds are already secured and doesn’t risk going unpaid.
This makes collaboration transparent and relieves both parties from unnecessary stress.
When Escrow is especially useful
The service is indispensable in situations where the parties are unfamiliar with each other, for long-term projects with multiple stages, or for tasks with large budgets. In such cases, payment guarantees and transparency are particularly important.
How to work as efficiently as possible
To ensure smooth collaboration, it’s worth specifying conditions and deadlines in advance, documenting intermediate milestones, and keeping all communication within Zio. This helps prevent misunderstandings and makes oversight easier.
Conclusion
Escrow is not just a technical feature but a foundation of trust on the Zio platform. It protects the interests of employers and freelancers, reduces risks, and allows both sides to focus on what matters most — the results.
