Knowledge base | iWantClips

Payout Methods for US Stores

Payouts will be issued via Emailed Check (see below) or Pro Pay (will be distributed in the form of Direct Deposit or Check).

Emailed Checks: Emailed checks are delivered within 24 hours after the processing of your payout. For more information, please watch the video here.

Daily Payouts - This option issues a payout every business day (excluding weekends and bank holidays) as long as the $25 minimum has been met (read about minimum payout requirements here). Sales that occur over the weekend will be included in Monday's payout. Recipients of Daily Payouts can choose to receive payouts via Automatic request or Manual request.

All transactions in stores set to Daily Payouts will process as a payout approximately 8 calendar days after they occur. This is due to the one-week buffer that is applied to ensure that the customer(s) money for these transactions has cleared. The diagram below illustrates an example of how this works Monday-Friday.

(If you have any questions about this please send an email to billing@iwantclips.com with your inquiry.) 

Automatic - As soon as the minimum payout amount is met, a request for a payout will be created for the store automatically (up to 5 payouts per week issued M-F).

Manual - As soon as the minimum payout amount is met, the Store Operator has the ability to request a payout when they wish instead of automatically receiving one. Requests must be made before midnight EST and will be issued the following business day. Requests made between Friday – Sunday will show up as Monday’s payout.

**Commissions are reduced by 5% for daily payouts. We charge this fee to cover the higher administrative costs associated with performing daily payouts.

**All earnings will be held for one week before being issued as payouts to ensure the money has cleared. Click here to see how the one-week buffer applies to your payout dates.

Bi-Monthly Payouts - Stores will receive two payouts each month. These payouts will occur on the 12th and the 27th of each month and be processed no more than 2 business days later. Stores will be eligible for both payouts as long as the minimum payout of $50 is met.

Examples:

March 27th(12:00am EST) – April 11th (11:59pm EST). Payout Processes by April 14th.

April 12th(12:00am EST) - April 26th (11:59pm EST). Payout Processes by April 29th.

Monthly Payouts – Stores will receive one payout per month as long as the minimum payout amount of $50 is met. The earnings period is from the 1st of the month through the last day of the month and will be processed on the 5th of every month. If the 5th falls on a weekend or bank holiday, the payout will be processed on the following business day.

Example: March 1st (12:00am EST) - March 31st (11:59pm EST). Payout Processes April 5th.