Kidding! I just love Practical Magic and wanted to include Nicole Kidman and Sandra Bullock somewhere in here.
Anywhere, here's exactly "instant" means when you hit that cash out button!
First, a quick clarification:
"Direct sales" = transactions made between you (the seller) and your customer (the buyer). That money is transacted directly from them into your connected Stripe or Paypal account.
We never touch this money or hold it at all—it's instantly yours at the time of the sale. So when we say “instant payouts” at Beacons, it’s this type of sale we’re referring to!
"Affiliate commissions" = earnings on the sale of a product that’s owned by another creator. We make it possible for creators to set up an affiliate split where they keep a percent of sales and an authorized re-seller gets a percent as well.
In these types of sales, Beacons manages that split, and the affiliate re-seller’s portion of the sale gets placed in their Beacons account.
We offer “instant cash out” on these sales UNLESS the affiliate product owner has implemented a hold. Some product owners offer a refund period, or want to prevent affiliates from cashing out for a few days to protect against chargebacks.
If you are an affiliate re-seller, the original creator of your product will let you know if they’ve implemented such a hold with us (there aren’t many, tbh.)
Otherwise, your commission is available for “instant cash out” which means that as soon as the sale is made, you can hit that cash out button and get your money to your PayPal account.
This is the part that takes a bit of time, and unfortunately due to bank processing time cannot ever be truly instantaneous.
Trust me, our team wishes just as much as you did that it didn’t take so long to do ~banking things~, but we’re subject to their regulations just as you are.
I know it’s so hard to wait when everything else moves quickly and you just want the security of having that money in hand, but I promise your money is safely on its way to you during this time.
Sometimes we don’t accurately predict transaction volume, which is what can lead to a day or two longer in processing time. But your money is always safe at Beacons and you are NEVER at risk of not getting paid, even if it takes a day or two longer.
We're still committed to a 3-5 day window for cashed out commissions and have taken steps make sure longer delays don't happen.
I hope that having a little more transparency into what’s happening behind the scenes puts your mind at ease! ❤️