What is a Payout
A payout is when we pay you for the profits earned from selling on Represent. Once your campaign ends successfully and 24 hours have passed, you can a request a payout. You may request to get paid by following the “Payouts” tab on your Represent dashboard.
If you are a new user, you need to add one of the payout methods first (go to the “Settings” tab) and your first payout can be only requested when 7 days have passed since the end of the campaign.
Direct Deposit (USA Only)
You can set up payment and fill in bank account details on the “Payouts” tab of the Represent dashboard. Once a campaign ends successfully, your “pending earnings” will switch to “payable earnings” after 24 hours. After requesting a payout, the funds will process into your account within 2-5 business days (the times can vary depending on your bank).
Both USA and international users may request secure payouts via Paypal. This service allows you to accept payments using your e-mail address – without disclosing any card / bank account details to Represent. Once you have placed your request, you can expect to receive your payment in your PayPal account in 3-5 business days.
International sellers can also register with Payoneer to set up payouts. This service creates a virtual account which is able to accept payments from USA and transfer them to your bank account outside USA. Once your Payoneer account is registered, follow the same steps as in “Direct Deposit” above to request your payouts. Your virtual account will be accepted as a regular USA account in the “Settings” tab.
A note on taxes
You are legally required to fill out a 1099 form if you receive more than $600 in profits from Represent. If you’re participating in a fundraiser for an organization, the organization handles the tax implications of your donation.