Kippreport’s top insights from the Digital Media ForumMarch 29, 2015 11:16
Nabbesh.com introduces new payment system
Survey reveals 30 per cent of website’s freelancers have had a client who never paid them.
December 3, 2013 1:01 by kippreport
To protect the interests of freelancers in the Mena region, virtual skills marketplace Nabbesh.com has launched a new payment system, making it easier (and more secure) for the website’s 30,000 freelancers to get paid once their job is complete.
The new system eliminates the risks currently associated with working for someone online or across borders, allowing a freelancer to be paid either through a bank transfer or money transfer services, such as Western Union.
One of the main reasons behind developing and introducing this payment system was that, in a recent study, Nabbesh.com found that 30 per cent of the website’s freelancers have had a client who never paid them – in Nabbesh.com’s opinion, that number is too high.
The new system means that a Jordan-based freelancer can work for an employer in Dubai, negotiate a work proposal on the website and actually see the deposit being made online before the job is complete, assuring the freelancer that he/she will be paid once the job is complete.
Rima Al-Sheikh, co-founder and chief technology officer at Nabbesh.com, tells Kippreport that the website is the region’s first virtual skills marketplace that allows for the entire process to take place: Searching for a job, negotiating the contract and finally completing the financial transaction.
“We’ve heard from many of our freelancers that they often have trouble ensuring payment. Although a payment service isn’t novel in more developed ecosystems, it is revolutionary for the Mena region and has the power to change the way the region works,” says Al-Sheikh. “Our hope is that this new service will have a very positive impact on the region, enabling secure and hassle-free cross-border transactions and building more trust between both parties.”
Al-Sheikh says that half of the Mena region’s population is under the age of 30 and, most of them, have grown up in an age where technology is changing the way they do everything. “At Nabbesh.com, we think that this region is ripe for a new way to work, outside the confines of the traditional nine-to-five model,” she says.
In October, Nabbesh.com announced that it is receiving job posts from employers in more than 100 cities.
In June this year, a survey by Bayt.com revealed that the majority (75.2 per cent) of respondents in the region perceive freelance work as a good and attractive option, with better pay and a better work-life balance than having a full-time job.
Seven out of ten (69.2 per cent) would consider working on an independent or freelance basis, instead of being a full-time employee, with their main motive for doing so being to achieve a better work-life balance.