Loom charges employers a flat $200 fee for each 30-day project posting.
For projects offering cash compensation or cash/equity mixed compensation, Loom charges a 10% service fee on all cash payments made to freelancers through our secure payment system.
When an employer makes a payment on Loom, the 10% service fee is automatically deducted from the total amount and the remainder is sent to the freelancer's bank account.
For a more detailed description of all potential fees, please review the Loom Terms of Service.
Loom fees go directly to paying our employees and operational expenses so we can continue building valuable features and expand our platform to help more people bring ideas to life.