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Author Topic: PayPal Payouts  (Read 3232 times)

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123XXX

« on: October 05, 2010, 23:46 »
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I am not sure I totally understand how their PayPal Payouts work. For example, I put in a Payout request for a PayPal Payout on the 1st of October. According to the iStock 2010 payout schedule, it says the PayPal cutoff for the next payout would be Monday October 4th. Today is the 6th and in my iStock account under my Payout Reports is says my payment request is still pending. I would have though the payment would be sent already as of Monday. Am I possibly misunderstanding something here? Cheers...


bittersweet

« Reply #1 on: October 05, 2010, 23:59 »
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The payout REQUEST cutoff was October 4th for the payout that will be issued on October 11th.

123XXX

« Reply #2 on: October 06, 2010, 00:03 »
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Cheers. So that means actual payouts follow 7 after the cutoff date. So this means there is no way to time it to receive a payout any faster than 7 days from the date that you put in the payout request, is this correct?

« Reply #3 on: October 06, 2010, 00:39 »
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Cheers. So that means actual payouts follow 7 after the cutoff date. So this means there is no way to time it to receive a payout any faster than 7 days from the date that you put in the payout request, is this correct?


Correct.

I do my payout requests on Sunday night (pacific time) each week and get the PayPal amount a week (plus a few hours) later.  I get a weekly payment so it works smoothly for me in spite of the lag time. It'd be nice to be able to request automatic payouts so I don't have to remember to log in and make the request when traveling, but that's been asked for many times and so far, nada.

Also note that when a Canadian holiday falls on a Monday, they move the cutoff & payout to Tuesday that week. There's a calendar on the site.

RT


« Reply #4 on: October 06, 2010, 04:08 »
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Also note that when a Canadian holiday falls on a Monday, they move the cutoff & payout to Tuesday that week. There's a calendar on the site.

They have a lot of holidays in Canada!


 

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