Contractors will send invoices to you through the Loom platform that outline any hourly fees, flat-rate fees and billable expenses related to the project. You will receive a notification email when a contractor sends you an invoice and a reminder email when the invoice is due to be paid.
When you're ready to pay an invoice simply go to that invoice, click "pay invoice", input credit card details and then submit payment. We will email you a receipt for each payment made, and you can access your payment history in your account settings.
For projects where equity is part of the compensation, it is up to you and your contractor to agree on milestones, timing and a delivery method for equity shares. We strongly recommend including equity delivery details in all applicable work agreements with your contractor.
We recommend and trust Carta (formerly eShares) as a resource for equity and stock management. Visit https://carta.com/ to learn more.