Getting Paid: Payment Release & Fund Withdrawal
Midcontract automates freelance payouts using smart contracts. Learn how payment approvals, auto-releases, and fund withdrawals work for all contract types.
Last updated
Midcontract automates freelance payouts using smart contracts. Learn how payment approvals, auto-releases, and fund withdrawals work for all contract types.
Last updated
Once work is submitted, the client reviews and takes action β or the system does it for them.
After receiving a submission, you can:
β Approve and release payment
π Request changes β clearly specify what needs to be revised
If no action is taken:
Fixed & Milestone contracts β Auto-approval kicks in after 5 days
Hourly contracts β Timesheets are auto-approved after 3 days
All actions β approvals, revision requests, and deadlines β are transparently recorded on-chain.
Once the work is approved (manually or automatically):
Youβll see a Funds Available status in your contract
Click Claim Funds
Confirm in your wallet β payout is processed instantly
No waiting, no middlemen. You can withdraw stablecoins or convert them into fiat via our partner service.
Fixed-Price Contracts β When payment is claimed, the contract moves to Completed
Milestone-Based Contracts β Only the approved milestone is marked complete β the rest of the contract remains active
Hourly Contracts β Timesheets are submitted and reviewed weekly. The contract stays open until either side chooses to close it
π§ Notifications will keep you updated at every step β including reminders before auto-approval kicks in.