Greetings all,
I keep seeing posts that indicate that there is still a lot of confusion over when payouts will take place based on when one chooses to cash out. I thought I would include a previous admin post that might help but also then suggest that perhaps a box chart could be created and posted for easier explanation. such as : being that I am new, please do not take that I have entered the information correctly or accurately, but this I did in an Excel spread sheet and could be expanded upon to cover all the days on the current month and perhaps make it clearer. All a member would have to do is look at the date in the current month and scan across to the way they get their payment and then they would know more accurately when to expect their payment and hopefully reduce surprises or disappointments. I understand it is a difficult concept to get expressed in a manner that all the various learning styles and interpretations can follow and clearly understand. Perhaps this is one more way to help with that process.? Who knows? Thanks and Take Care:
Cashout request date Paypal estimated receive date Check by mail process date Check by mail estimated rec date
this month next month next month Next month
30 or 31st 17th to 20th 20th 20-24th based on mail delivery
Unfortunately the boxes that I used to help separate the columns etc. were not retained when I pasted to this post. But I am sure an ADmin could create that and fix the settings in order for something like this to be accepted onto a page. Just an idea. Here are a couple of the previous posts addressing the issue:
I am familar with Net 15 and Net 30, which has week ending dates! For example people who cash out on the last day of the month recieve their funds on or before the 20th, thats not Net 30! You have to have specific week ending dates. If I cashed out on the 12th and the week ending date for Net 30 was the 15th (most payroll ends on Sat.) then I should see funds on or before the 13th. A Net 15 I would get it the 29th. If this site is letting people cash out on the last day of the month and some members are geting funds 5 days before the 20th that is a Net 15! Duh? Can you count?
Administrator
FusionCash Staff
Silver Member
« Reply #19 on: September 15, 2007, 08:54:36 pm » Message ID: 2272
It's monthly-invoiced Net 15 or 30 - depending on the company. That means that leads generated in August are (generally speaking) "paid" between Sept 15th-30th. Add several days or longer for checks to arrive and clear and it's easily 40 days later before we actually have all of the funds in hand.
PayPal enforces an additional 3 business day delay on bank loads.
We offer Net 20 monthly invoiced payment terms for our members. We make an effort to get the payments out a few days early and we usually have them done by the 15th.
Further, it takes between 1-8 weeks for a merchant to hear back from their credit card processor about stolen or invalid credit cards. Offering rapid payouts encourages people who use these sites to launder money off of stolen identities. (since they can get paid before anyone knows that anything was suspect about the credit card)
We have over 200 active offers. It simply takes time for all of those different businesses to finalize their billing every month.
I'm sorry if you feel that our policy is unfair, but it's the best we can do at this point. I'm sure that any site offering daily payouts will not be around for much longer.
« Last Edit: September 15, 2007, 08:57:19 pm by Administrator »
Community Forum
Topic: Clarify payout dates once again (Read 2200 times)
September 17, 2010, 07:07:52 pm