Founded in Sweden in 2004, Freelancer.com (formerly Getafreelancer.com) is one of the top players in the online outsourcing market today. It was bought in 2009 by an Australian company and has grown quickly. As of February 2010, jobs paid through the site amounted to $50 million. Freelancer.com is a favorite platform of qualified professionals from countries with lower scale salaries, for whom the fees charged at some other sites can be a turnoff. Its also a favourite from those in Europe and North America that want their job done on the cheap. Boasting one of the widest varieties of online job category listings, Freelancer hit 1.5 million users on April 9th, 2010.
The site offers a free trial for new buyers willing to post a job. After the free trial, buyers are charged an initial $5 fee for posting a project. The sum is refunded on selecting a provider and the buyer is then charged 3% of the total project value.
Its free to register and bid for jobs, but freelancers must pay 10% commission on any successfully completed project. This is over and above the 3% which buyers are made to pay - this combination makes Freelancer one of the more expensive marketplaces. To mitigate this, frequent users can pay $19.95 per month for Gold Membership which reduces the project commission to only 3% - the lowest by far among the top sites.
Freelancer offers a smooth escrow system which protects both buyers and providers. Discrepancies are solved through an equally smooth dispute resolution system.
Since you don't have to pay anything unless you're getting paid, Freelancer.com is a favorite with job seekers everywhere. Because it attracts people who are able to offer quality work at competitive rates, buyers are also instantly drawn to it. The site and system work like a charm, and their support service is extremely reliable.
You can invite people to bid on your projects, based on qualifications, location, and user ratings.
It is advisable to use the Escrow system with first-time buyers, every time. In case of disputes, it will always help to copy all correspondence with the buyer to Freelancer.