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Freelancer.com vs Toptal
June 05, 2023 | Author: Adam Levine
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Freelancer.com is the world's largest freelancing, outsourcing, and crowdsourcing marketplace for small business. With over 11 million users, you can hire a freelancer to do your contract work at a fraction of the cost. Whether you need PHP developers, web designers, or content writers, you can outsource jobs within minutes. Browse through hundreds of skills including copywriting, data entry, and graphic design or more technical areas like coding HTML, programming MySQL, and designing CSS.
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Toptal is an exclusive network of the top freelance software developers and designers in the world. Top companies rely on Toptal freelancers for their most important projects.
Freelancer.com and Toptal are both online platforms that connect businesses with freelancers, but they have distinct differences in terms of their approach and target audience. Freelancer.com is a large freelancing marketplace that offers a wide range of freelance services across various industries and skill sets. It caters to businesses of all sizes and budgets, providing access to a diverse pool of freelancers worldwide. On the other hand, Toptal focuses on providing top-tier freelancers in the fields of software development, design, and finance. Toptal has a rigorous screening process and only accepts the top 3% of freelancers, ensuring a high level of expertise and quality. It targets clients looking for elite talent and specializes in providing premium freelance professionals.
See also: Top 10 Freelance marketplaces
See also: Top 10 Freelance marketplaces
Freelancer.com vs Toptal in our news:
2015. Freelance engineer marketplace Toptal now sells designers
Toptal, the platform dedicated to connecting companies with high-quality engineers, has expanded its services to include designers who have available time to assist companies in need. Toptal facilitates the entire freelance process by gathering job requirements from companies, negotiating budgets, and thoroughly vetting both parties involved to ensure a satisfactory experience for everyone. By ensuring the legitimacy of both the hirer and the freelancer, Toptal facilitates the perfect match. Rather than overwhelming the hirer with numerous resumes, Toptal presents an average of only 1.7 options for coders before the client finalizes a contract. The client pays Toptal, who then compensates the freelancer, while retaining the difference as profit. With an extensive pool of thousands of engineers, Toptal currently collaborates with around 2,000 clients ranging from established companies like J.P. Morgan and Pfizer to popular brands like Airbnb and Zendesk, as well as emerging startups.
2015. Freelancer.com acquired payment service provider Escrow.com
In a cash deal worth $7.5 million, online job marketplace Freelancer.com has acquired Escrow.com. As the name suggests, Escrow.com offers online escrow services for e-commerce platforms, holding payments for goods or services until a transaction is successfully finalized. This acquisition will provide Freelancer.com's expansive user base of 15 million with enhanced payment security. Freelancer.com already provides its own version of escrow services known as Milestone Payments, where funds from employers are held until they are released to freelancers upon service completion or dispute resolution. The purpose of holding payments is to provide employers with reassurance, especially considering the rapid growth of the platform through various acquisitions since 2011, as well as its initial public offering on the Australian Securities Exchange in 2013.
2015. Online freelance marketplace Freelancer.com goes Local
Freelancer.com is set to introduce a new marketplace for local service providers, including plumbers, cleaners, cooks, couriers, and others, to offer their on-demand services in their respective areas. The launch will initially take place in Australia, with plans for global expansion in the current quarter. The concept revolves around connecting individuals seeking offline services with relevant and available professionals in close proximity through Freelancer.com's website or mobile app, utilizing location-based matching. The company anticipates that many individuals already engaged in online work on the platform will be able to apply their skills in offline settings as well. For instance, a photographer or designer could be hired to capture an event, while other professionals, such as copywriters, might take on tasks like staffing a reception desk at a party or delivering parcels in their spare time. In terms of the commission structure, Freelancer.com will adopt the same model used for its online jobs, with a 10% transaction fee going to the platform for each local service transaction.
