AppFutura tips: invoices for project payments and AppFutura commission

AppFutura
Published on Aug 12, 2014 in AppFutura Tips

Work Page Project Owner

On a previous post, we explained what happens when a Project Owner presses the 'Hire' button and starts working with a developer. In the past days, we have received queries on who generates the invoices for what whenever a project is in the making. With this short post, we would like to adress this and make it clear once and for all.

When a Project Owner hires a developer, they are asked to already deposit the first due payment. When money enters our Escrow system, it technically still belongs to the Project Owner. In fact, this money never belongs to AppFutura. Payments are made to the development company and AppFutura is just the middleman. Therefore, the developer is the one supposed to generate the invoice for each of the payments their client makes. This invoice must include the total ammount that was deposited by the client, regardless of the AppFutura service fee.

Let's put it in figures. For a deposited payment of 1,000 USD, a developer with a Gold account would get 1,030 USD upon release and the commission for AppFutura would be the remaining 70 USD - which is at 7% for Silver, Gold and Platinum users (10% for Bronze users and 15% for regular users). However, the invoice delivered to the Project Owner has to include the total payment of 1,000 USD, as that is what the client is technically paying for the services of the development company.

The AppFutura fee is charged to the developer and the Project Owner has nothing to do with that. AppFutura will of course generate the correspondent invoice for the development company.

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AppFutura
AppFutura

AppFutura has been around to list IT companies and marketing agencies for some years now. During this period, the team has published hundreds of AppFutura tips but also important information for the companies to know more about a specific topic of interest. Among some of the articles, you will find different posts of AppFutura team members that are not quite recurring contributors, like our CTO or our finance controller, as an example. From AppFutura tips to improve your presence online on our directories or some information regarding our company.

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