# Escrow & Payment Security for Freelancers and Clients Reliable payments are critical to successful remote work. Midcontract provides a secure, global payment infrastructure powered by smart contracts. *** ### **πŸ” Escrow-Backed Security** All contracts use escrow. Funds are deposited upfront and released only when both parties confirm the work is complete. * Freelancers and agencies are protected from delayed or missing payments. * Clients are protected from paying for incomplete or unsatisfactory work. * Funds are held in smart contracts β€” **never** by Midcontract β€” ensuring transparency and removing custodial risk. *** ### **🌍 Global Payments Made Simple** Midcontract runs entirely on stablecoins β€” but that doesn’t mean fiat users are left behind. * Clients can fund escrow directly with stablecoins, or instantly buy them using fiat through our integrated partner (available in select regions). * Freelancers and agencies receive payouts in stablecoins, with the option to cash out in fiat using local methods or bank cards. * No wire delays, no surprise FX fees β€” just smooth, fast transactions wherever you are. *** ### **πŸ“‰ Platform Fees** A simple, low-fee structure: * **Freelancers/Agencies:** 3.6% * **Clients:** 1.9% No hidden charges. No withdrawal fees. [πŸ“Š Compare with other platforms β†’](https://docs.midcontract.com/why-midcontract/multi-currency-payouts-and-comparison-with-traditional-platforms) *** ### **⚑ Fast Payouts** Unlike traditional platforms with 1–2 week delays, Midcontract releases funds **instantly** upon client approval β€” for fixed, milestone, or hourly contracts. [πŸ’Έ How payouts work β†’](https://docs.midcontract.com/getting-paid-payment-release-and-fund-withdrawal)