Withdrawal Process

Withdraw only after approval and release.

The withdrawal process outlines how freelancers transfer approved earnings from GigBig to their registered payout account. Withdrawals are processed only after milestone approval and escrow release.

You can withdraw when
  • Milestone is approved
  • Funds released from escrow
  • 20% platform fee deducted
  • Balance appears as Available
In This Section
How Payment Protection WorksWhen Funds Are SecuredWhen Freelancers Get PaidGuaranteed Payment ConditionsWithdrawal ProcessPlatform Fees StructureTax Responsibilities

When can you withdraw earnings?

  • Milestone has been approved
  • Funds released from escrow
  • Platform fee deducted
  • Earnings available in dashboard balance

Only cleared funds are withdrawable.

Step-by-step withdrawal process

1. Milestone approval
  • Deliverables submitted
  • Client provides formal approval
  • Payment released from escrow
2. Platform fee deduction
  • 20% platform fee deducted automatically
  • 80% net amount credited to available balance
3. Withdrawal request
  • Initiate request through dashboard
  • Select registered payout method
  • Confirm withdrawal amount
  • Request logged and timestamped
4. Processing and transfer
  • Processed by platform payout cycle
  • Funds transferred to registered account
  • Transaction confirmation recorded

Processing time varies by payment provider.

Supported withdrawal methods

  • Bank transfer
  • UPI if supported regionally
  • Other secure payment systems as defined

Valid payout details are required.

Minimum withdrawal threshold

  • Platform may define a minimum amount
  • Processing schedules may apply

Exact details are defined in platform policy.

Single vs Team Service

  • Single Service: payment follows milestone approval
  • Team Service: payment follows approved package milestones
  • Process remains the same for withdrawals

If there is a dispute

  • Funds remain in escrow
  • Withdrawal not possible until resolution
  • Only approved funds are withdrawable

Escrow protects financial security.

What withdrawal does not allow

  • Access to escrow-held funds
  • Withdrawal of unapproved milestones
  • Advance payout before approval
  • Manual override of platform fee

All payouts follow structured governance.

Tax responsibility

  • Report earnings per local tax laws
  • Maintain personal financial compliance
  • Use transaction records for accounting

GigBig provides records for accounting support.

Why structured withdrawal matters

  • Financial transparency
  • Secure payout handling
  • Reduced fraud risk
  • Clear earnings tracking
  • Platform credibility

It protects freelancers and the financial system.