How To Knock Down Costs For Freelancers? JumpTask Vision

> Heavy transaction costs imposed by middlemen hurt freelancers;> From the payment providers, PayPal alone generates $23.4B in transaction revenue;> Marketplaces such as UpWork or Fiverr charge between 5%-20% per transaction;> JumpTask uses blockchain technology to minimize transaction costs;> Decentralization will bring cost-efficiency, speed, and transparency to the gig economy.
  • Processing fee: between 1.9% and 3.5%
  • Fixed fee: between 5 and 49 cents
  • Instant transfer costs an additional fee of 1%
  • Currency conversions have a fee too, which size depends on the currency

Check other barriers to entry to the gig economy that JumpTask is tackling:

  • 20% for the first $500
  • 10% for $500-$10,000
  • 5% for $10,000 and above

You can read more about the JumpTask project vision here:

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JumpTask

JumpTask

JumpTask - the gig economy-based marketplace that allows companies to make the most out of the collective skills possessed by a globally dispersed workforce.