On the Band Of Hands platform, the Poster of a job will have an automatic pre-authorization performed on their card at the time they assign the job to a worker(s). The amount placed on hold is for the total of the job, whether hourly or fixed price. If it is a hourly job, the estimated hours times the hourly rate is calculated, then added together with the estimated expenses for the hold amount on the card.
If it is a fixed price, this amount plus estimated expenses is added together for the hold amount on the card.
Once the work is finished, the Worker will invoice the Poster by clicking "Complete" on the Job Details and filling out the final hours and expenses. The Poster is immediately notified and has up to five days to approve the invoice and release the held money to the Worker. Band of Hands reminds the Poster to approve payment of the completed work as well. After (5) days, and if no dispute has been registered by the Poster, the funds will be released and put into the payment process for the Worker.
The Worker will also be able to review the Poster so if a Poster is late in paying, this history will be on their Profile, which may impact others wanting to work for them in future.