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Glossary & Terms
Key terms used on goLance.
The goMeter is an app that records a freelancer's working activity. While the freelancer works, screenshots will be taken and added to their work diary for review by the company that hired them. Articles about goMeter: How to Install the goMeter goMeter Troubleshooting - Windows / PC [goMeter Installation Help & Troubleshooting - MAC
If the user was invited with a referral link, they become a Referral of the inviter. The referral fee is paid for all the payments made to or from the Referral. The referral fee is 10% of the goLance fee if only one payment party is referred. If both sides of payments are referred (freelancer and client), the fee is divided between the referrals and equals 5% of the goLance fee to each. Referrals do not know that they are referrals and do not see the referral fee in their reports.
Payday Advance is a special feature that allows freelancers to fully or partially release their payments as soon as they have been logged and charged. This feature allows users to bypass the review and security period. In order to bypass these stages, however, freelancers will be liable for a Payday Advance fee of 5.9%. This is to cover the risk of chargeback that goLance takes when issuing a payment early.
Bonus payments are initiated by the client. A bonus can be sent for any active contract on goLance. The hiring company can attach a message and select the desired payment method when paying for the bonus. Bonuses usually pass through a security period of 5 days before they appear in the freelancer's gowallet. This period is shorter for some employers than others.
There are two payment method types: billing withdrawal Clients should add a billing payment method to be able to hire freelancers and pay them. Freelancers should add a withdrawal payment method to transfer money out of their goWallet.
goWallet is a virtual account established by goLance that can be utilized to accept payments from clients or to pay freelancers.
Company is a business consisting of more than one person and acting as a Client and/or Agency on goLance platform.
Proposal is a freelancer's quote sent to a specific job. Freelancers include a cover letter and their bid in their proposals. Proposal example: _I fit your job because I have an amazing voice over experience for more than 10 years. You can find dozens of examples in my profile portfolio. Looking forward to your offer. Bid: $300. Only freelancers with completed profiles can apply to the job.
Applicant is a user who sent a proposal. Job owners review proposals to find applicants that fit their needs.
Job is an ad describing the work to be done and posted by a Client. Hourly Job: usually full-time ongoing jobs. Example: Looking for developers with experience in Node.js to develop freelancer platform with strong financial instruments. We want to release mvp in a few months and already have a specification, interested only in experienced applicants. – Hours per week (e.g. 40 hr/week) Fixed Cost Job: short term job in order to accomplish specific task. Example:
Clients on goLance receive cashback for every contract payment paid. Client receives cashback for the payment in 2 months after the payment date, on Monday. Cashback is 2% of the payment amount.
A user is a goLance subscriber. Users' roles: Both hire and work (default signup option) Hire only – clients Work only – freelancers
Contract is an entity created when the offer is accepted. Offer type (Hourly/Fixed cost) and details (rate, weekly limit, manual time- for hourly, budget/ milestones- for fixed) are displayed at contract page and will determine the payment process.
Client is the term used to describe a person or a business that contracts freelancers or agencies to do work.
Milestone is a task with a description of what has to be done and the amount that will be paid for completing this task. Milestones are utilized for Fixed Cost contracts.
Exclusive Company Member
Company Member who can work only on behalf of the company and cannot have personal projects.
Job offer is sent to a user by Job Owner if they want to hire this user for a Job. Job offer can be sent to any user on goLance platform, no matter whether they have applied for the Job or not. Offers can be: Hourly (e.g. $40.50/hr, weekly limit: 30 hours) Fixed price (e.g. $500, milestones: 1. design: $100 2. code implementation $400) Client can withdraw offer. Freelancer can accept or decline the offer. If offer is accepted, it becomes a contract.
Freelancer is a one-person business that does work for a Client on a contractual basis, without becoming Client's employee.
Contractor is an individual Freelancer or an Agency.
Collaborators are users who are given access to someone's work diary. E.g.: Let’s say you have a contract running. You would normally review the work of your team member by checking out their work diary. When you invite a collaborator they have access to view the work diary on the contract you selected. The advantage of this is that if you won’t be around for a few days, your assistant can step in and make sure work is getting done.
Agency is a business consisting of more than one person, that does work for a Client on a contractual basis, and Agency's members do not become Client's employees.