For Orders of flexi-talent (Independent Contractors, Consultants & Freelancers), Nomad Now will automatically add 4% commission (plus VAT) as a payment agent fee, to the total Order amount. Example: If the Order (transaction) value agreed between Client and Freelancer is R100 000-00, the Client will be charged R 4 000-00 (plus VAT) as a Nomad Now Client payment agent fee.
Nomad Now also facilitates permanent placements and in these instances, charges placement fees to Nomad Now Clients. Such fees comprise 5% of the Permanent Placement ‘Order’ Value (i.e.: of the Candidate's total cost-to-company remuneration), plus VAT.
Nomad Now charges and deducts a 4% (plus VAT) payment agent fee from Order revenues collected from the Client on behalf of Freelancers, before transferring these revenues to such Freelancers.
Although seldom applicable on a platform for professionals, for the record, Nomad Now does not support contract rates under R20.00 per hour or R3500.00 per month, depending on hours worked, as legislated by The National Minimum Wage Act of 2019. Note that Rates are agreed directly between Clients and Freelancers.
Note: are you really a Client (employer, buyer or hirer of candidates or flexi-workers)? If not ie.: if you are seeking a job or flexi-work, then you must NOT sign up as a Client but rather as a Candidate, Independent Contractor, Consultant or Freelancer
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