Loom's business is dependent on the 10% fee we deduct from payments made to freelancers.
Going around Loom's payment system a serious violation of our Terms of Service and could result in additional fees, legal action and removal from the Loom platform. The fee for circumventing the Loom payment system is 8% the amount of all fees owed to the contractor.
In cases where Loom payments cannot be used, you can pay an opt-out fee to make payments outside of the Loom platform. The opt-out fee is equal to 8% of the cash compensation agreed upon between the employer and freelancer. You can request to pay the opt-out fee by emailing email@example.com and we'll send you an invoice for the 8% fee, which you can pay directly through Loom.
If a contractor asks you to send them payments outside of the Loom platform, contact firstname.lastname@example.org immediately.