Payment Processing and Payout Schedules
Last updated July 25, 2024
Understanding how Impact.com processes payments and handles payout schedules is essential for both advertisers and affiliates. This guide explains the payment processing methods, payout frequency, and other relevant information about financial transactions within the platform.
Payment Processing Methods
- Direct Deposit: Impact.com typically processes payments through direct deposit to the affiliate's bank account.
- PayPal: In some cases, affiliates may opt to receive payments via PayPal.
- Wire Transfer: For larger payouts or specific circumstances, wire transfers may be available.
Setting Up Payment Information
- Advertiser Account: As an advertiser, you'll need to provide your payment information within the Impact.com platform, including your bank details or preferred payment method. You'll also need to confirm payout thresholds and schedules.
- Affiliate Account: Affiliates can manage their payment information within their Impact.com accounts, ensuring that the correct payment details are associated with their profiles for payout processing.
Payout Schedules
- Net 30: This is a common payment term where affiliates receive payments 30 days after the end of the month in which they earned the commission.
- Net 60: For some programs, a Net 60 payment schedule might be implemented, meaning affiliates are paid 60 days after the end of the month they earned the commission.
- Custom Payout Schedules: Impact.com allows you to customize payout schedules based on your specific program requirements or preferences. You can set a fixed payment schedule or choose from other options depending on the program structure and partner relationships.
- Payout Threshold: Impact.com often has minimum payout thresholds, which mean that affiliates will only receive a payment once they've earned a minimum amount of commission.
Understanding Payout Reports
- Payment History: Within your Impact.com account, you can access a detailed payment history, which shows you all previous payments made to affiliates. This information includes the date of payment, amount, and any relevant transaction details.
- Pending Payments: You can also view any pending payments that have not yet been processed.
- Payout Reports: Impact.com offers various payout reports that provide summaries of affiliate earnings, payment statuses, and other financial data related to your program.
Important Considerations
- Tax Implications: Affiliates are responsible for reporting earnings and paying any applicable taxes on their commission income. Impact.com may provide 1099 or other tax forms to help affiliates meet their tax obligations.
- Payment Disputes: If payment discrepancies arise, both advertisers and affiliates should contact Impact.com support to resolve the issue. Provide documentation and evidence to facilitate a quick and accurate resolution.
By understanding the payment processing methods, payout schedules, and related information, both advertisers and affiliates can ensure timely and accurate financial transactions within the Impact.com platform.
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