Hyter G.
Dallas,#2UPDATE EX-employee responds
Mon, December 22, 2008
Elance has responded to the complaint stating they do not derive benefit from escrowed funds. This is not true. Elance draws interest off of all funds held in escrow accounts. This is even verifiable by a review of their terms of service in which they expressly state this. They have an extremely long and drawn out escrow dispute process and obviously the longer the dispute process the more interest on the money they collect.