🏦Understanding Payouts on TILT
As you start selling on TILT, it’s vital, to help you understand how payouts function, here's a comprehensive guide with some common questions:
What can I expect during my first payout process? 💷
Your first payout may take a bit longer than usual. Why?
Because Stripe, our payment processor, conducts thorough checks on your documents. This ensures everything is in order.
How long might this take?
Typically, your first payout might take an extra two to three days. This is because Stripe needs time to verify your info and ensure security.
How does the payout period work? ⏳
What's this about a payout period?
It's the time between making a sale and getting paid.
On TILT, our payment processor holds the sale for 7 days and then disburses the funds on the next Monday.
Let’s take the below scenario as an example:
Let's say you make a sale on a Friday. When will you get your money? You'll have to wait a week, and then on the following Monday, you'll receive your payout.
What's the deal with the weekly payout schedule? 📅
How often do payouts happen after the first one?
Weekly, every Monday. But remember, they usually occur around 9-10 am UK time.
But what if there's a bank holiday or other delays?
Sometimes it can get held up until noon or the next business day.
Do I need to do anything for my payouts? 🙅♂️
Are payouts on TILT manual or automatic?
They're fully automated, thanks to Stripe. No need to lift a finger. Once it's time for your next payout, Stripe will handle it automatically.
What about future payouts? 🔮
Can I expect the same process for future payouts?
Absolutely. Once you've received your first payout, subsequent ones will follow the same steps.
Even if there are slight delays, rest assured that your earnings are safe, and your next payout is coming your way.
We hope this guide answers your questions about payouts on TILT. If you need more help or have other questions, don't hesitate to reach out to our support team. Happy earnings! 🤑
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