Effective Date: August 22, 2016
This Fee Policy may be updated from time to time at BrainHire’s discretion and applies to Projects (full time and part time) completed via the BrainHire Online Platform. We will notify you of any material changes to this Fee Policy by posting an updated version on the Site, but you are nonetheless advised to review this policy regularly.
BrainHire is free to join, and there are no charges to post projects or to submit estimates. Payment is held in BrainHire Escrow (through Paypal Adaptive) AFTER the Business/Buyer/Employer reviews, interviews, and selects a consultant. BrainHire collects fees for each Project that is completed via the BrainHire Platform and is charged to the Business. This fees that BrainHire collects from the Business are displayed to them when they approve a Consultant for a project and place the money in Escrow.
- PROJECT FEES: BrainHire does not charge any fees to the Client for posting the project, or for hiring the Consultant for the project (for full time hire, see section below). The only fees charged to the client are the payment processing fees that are charged by the payment processor Paypal, or Stripe. These fees are pass-through and are not BrainHire fees.
- FULL TIME HIRE FEES: The Client shall pay the greater of (A) ten percent (10%) of the Professional’s first-year annual salary for a twelve (12) month period beginning on the effective date of hire or (B) ten thousand dollars ($10,000.00).
For Full Time hires, the BrainHire guarantee period shall be ninety (90) days from the Professional’s first day of employment. If the Professional is terminated or resigns within the first ninety (90) days (excluding company lay-off or downsizing), BrainHire will find a replacement within thirty (30) days or refund fees paid in full. If the Organization views the same Consultant from more than one (1) recruiter for the same or different position, and should the Consultant be hired by the Client, the Client will pay any applicable fees described herein to BrainHire provided the Client was first introduced to the candidate/consultant via the BrainHire Services/platform. By agreeing to these terms, Client is also giving BrainHire permission to charge the credit card, bank account, or other approved method of payment associated with the Client’s account for fees associated with the Client’s use of the BrainHire Services, including the full amount owed to any hired Consultant, as well as any Service Fee.
BrainHire does not have any fees/charges for Consultant to submit bid estimates at this time. As consideration for providing the Services, BrainHire retains a service fee of ten percent (10%) from the project estimate on the release of payments from the project Escrow. For example, if the project payment is $1000, BrainHire retains $70 and Consultant gets paid $930 at the successful completion of the project. There maybe a pass-through payment processing fee that is charged by consultant’s bank or payment provider Paypal. This processing fee maybe charged to the Consultant at the time of payment release by the Client, and is not a BrainHire fees.
All user (Clients and the Consultants) are required to make and receive all payments relating to, or in any way connected with, a Service Contract through the BrainHire Platform. Any action that encourages or solicits complete or partial payment outside of the BrainHire Platform is a violation of the BrainHire Terms of Service. If you have any questions about this Fee Policy, or overall BrainHire Terms and Conditions, please contact us at email@example.com.