Outsourcing Payments (Book Excerpts)

Outsourcing Payments

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Curious about outsourcing payments? Our book, “Outsourcing Through RentACoder” explains it all. Below are a few selected snippets that describe its importance and why you, as an outsourcer, should care. For details, head on over to this page and order the book.

Outsourcing Through RentACoder (now, RentACoder) is a 418 page step-by-step user guide for entrepreneurs who want to reduce their workload and increase productivity at the same time.

Excerpts:

• Fortunately, you can assert your own requirements by amending the site’s default contract. So you might want to consider placing a cap on what and how much ($) you’re liable for. This way, the RentACoder (now, RentACoder) contractor who agrees with that cap can accept remaining financial consequences outside of payments for services rendered. (page 95)
• It also provides a Safe Project Escrow™ process that guarantees buyer satisfaction prior to payment. We explain all of that in detail a few chapters down. (page 117)
• Should a problem arise, both parties negotiate partial payment for completed work or at the very least, payment for completed milestones. (page 124)
• The payment section describes how a service will be compensated. Payment can occur per hour, per milestone, or when the entire job is completed. Payment methods and payment dates are described in this part of a contract as well. (page 157)
• Another automated section of RentACoder’s contract system is the display of a project’s payment terms. Through the bid request wizard, buyers specify a) how much a job pays and b) when payments are released. (page 167)
• It’s important to note that the very nature of any NDA agreement alters RentACoder’s default protection scheme because it is essentially, a separate contract. And that’s a contract that may require work habits or payment provisions which differ from RentACoder (now, RentACoder) norms. (page 208)
• This section introduces those methods and tools. It first describes your options and it then describes the types of payments RentACoder (now, RentACoder) accepts. (The Outsourcing Payment Options Worksheet helps you determine which option is most appropriate for your approach.) (page 277)
• Paying a RentACoder (now, RentACoder) contractor on contingency reserves all payment until a job is satisfactorily completed. Unlike with performance-based projects, many small projects are contingency-based projects. (page 278)
• RentACoder accepts credit card payments, bank to bank wire transfers, checks, and PayPal funds. (page 285)
• Metrics management is especially important when contingency payments give coders a portion of final funds upon each successful completion of an important milestone. (page 298)
• The details of each deposit includes deposit number, deposit date, payment type, >payment info, available credit, approval phase, type, amount, printable invoice, and discount. (page 312)
• The only instance in which you may retract a payment is if you can prove you accidentally accepted a higher percentage of the job than you intended to. (page 354)
• Be sure that you understand the contract terms with RAC as far as payment details, deadline details, and onsite communication is concerned. (page 408) 

Order Outsourcing Through RentACoder:

Outsourcing Through RentACoder (now, RentACoder) is a 418 page, 7.44″ x 9.68″ paperback book, fully illustrated and filled with everything you could possibly need to successfully outsource your tasks the first time.

Inside, you’ll find a slew of outsourcing know-how, over a dozen online checklists, worksheets, and more. It also introduces an outsourcing roadmap exclusive to the RentACoder (now, RentACoder) website. Order it here.