RentACoder has at least two cool features which protect both software buyer and coder.
Let's prevent potential problems, which are frequent for contract development.
| 1. | Arbitration process. Should the buyer and coder not be able to come to agreement, RentACoder™ designated as sole mediator and arbitrator. Mediation is like a diplomatic negotiation. Arbitration is like a court trial.
Arbitration/mediation examples:
 | The coder (coder name) did not complete the work by the deadline. The funds were returned to the buyer (buyer name) |
 | The buyer (buyer name) alleges "we just cant get it to work for some odd reason, we pretty much tried everything". Both parties agreed to a 60% payment to the coder, and the 40% refund to the buyer. |
 | The buyer stopped responding to arbitration. Testing showed that 69% of the work was complete. The coder (coder name) was paid that amount of the bid. The buyer's (buyer name) remaining funds were refunded. |
These coders have been in at least 2 arbitrations and NEVER lost an arbitration to a buyer:
Coders Who Have NEVER Lost an Arbitration
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| 2. |
The «Safe Project Escrow»™ - exclusive RentACoder's feature, guarantees a stress free transaction: The money is not released to the coder, till he complete the work according to original specification.
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Project Log. Example :
| Phase |
Start Date |
| Bidding open |
Apr 10, 2007 3:59:25 PM |
| Buyer payment escrowed. Waiting for coder to make their 'Expert Guarantee'. |
Apr 10, 2007 4:23:05 PM |
| All funds have been escrowed. Waiting for work to be completed by coder. |
Apr 10, 2007 4:23:06 PM |
| 100% of work was accepted by buyer. Coder account has been credited. |
Apr 10, 2007 6:04:43 PM |
| 100% of work completed and accepted. Coder has been paid. |
Apr 18, 2007 11:37:37 AM |
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