Site Wide Message: (current site time 10/8/2008 4:42:14 AM EDT)
*******RAC alert about account security*******
A few months ago a user on RAC put up a fake URL to imitate the RAC login page and used this to obtain user's login information.
It seems that this user may still have some of this information and is using it to gain access to accounts and move funds around. Please check your account and make sure everything is okay. If you think you could have been a victim to this please change your password and contact RAC if any funds have been moved.
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The Expert Guarantee Processing Fee
When the coder is awarded the project from the buyer, they deposit the Expert Guarantee.
When they do this, Rent A Coder incurs expenses in processing it. To cover those expenses, the coder is charged a non-refundable processing fee. This fee can be reduced or eliminated by the
coder, if they choose a less expensive method of payment.
| Deposit Type |
Fee |
| No deposit - transfer of existing funds already in coder account |
0% |
| Snail mail check |
0% |
| Bank to bank wire Transfer |
0%*
|
| Pay Pal |
3.5% |
| Credit Card |
| $ amount |
Fee |
| Less than $100.00 |
3% + $.50 |
| $100.00 or more |
3.5% |
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As an option, the coder can also ask the buyer to cover the cost of this fee for them. They can do this in a number of ways such as: increasing the price of the bid, asking the buyer to post a 2nd bid request to cover it (contingent on completion of the project), or by getting the buyer to promise to pay the fee to them as a bonus (upon completion of the project). Note to coders: If you choose the bonus route, just remember that due to credit card/PayPal rules, Rent A Coder CANNOT force a buyer to pay a bonus involuntarily...even when promised on-site. So don't choose this option, unless you trust the buyer, or are willing to take a small risk.
Notes:
- If you use multiple methods to pay for a single deposit (for example: transfer some from your coder account and deposit the rest from a credit card), then the fee is computed by combining the different fees for each portion.
- * On bank to bank wires, a wire transfer fee is charged: the same amount as charged to buyers on their bank to bank wires.
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