The disbursement of earned money.
What are payouts in ConvertKit?
Payouts in ConvertKit refer to the earnings that users receive from their affiliate marketing efforts. ConvertKit is an email marketing software that offers an affiliate program, allowing users to earn a commission for every new customer they refer to the platform. The commission is typically a percentage of the referred customer's subscription fee.
The payout process in ConvertKit is managed through PayPal. The company typically processes these payouts on the 2nd of every month, with a minimum payout threshold of $100. This means that affiliates must earn at least $100 in commissions before they can receive a payout. If an affiliate's earnings are less than $100 in a given month, the balance will roll over to the next month until the minimum threshold is met.
How do payouts work in ConvertKit?
ConvertKit operates on a net-60 payment schedule. This means that affiliates are paid 60 days after the end of the month in which a referred customer has made a payment. For example, if a referred customer makes a payment in January, the affiliate would receive their commission in April. This delay allows for any refunds or cancellations that may occur within the customer's first 60 days.
Payments are made via PayPal and the minimum payout threshold is $100. If an affiliate's balance does not reach this threshold, the balance will roll over to the next month until the minimum is met. It's important to note that ConvertKit only pays for new customers, not for returning or renewing customers. Also, affiliates are not paid for referring themselves.
When do I receive my payouts from ConvertKit?
ConvertKit typically processes payouts on the 1st and 15th of each month. However, the exact timing of when you receive your payout can depend on several factors. For instance, it may take a few days for the funds to be transferred to your bank account after they have been processed by ConvertKit.
Additionally, there may be a delay if the payout date falls on a weekend or a public holiday. In such cases, the payout will be processed on the next business day. It's also important to note that ConvertKit has a minimum payout threshold. If your earnings have not reached this threshold, your payout will be held until the minimum amount is met.
What is the minimum payout amount in ConvertKit?
ConvertKit does not specify a minimum payout amount in its standard terms and conditions. The payout amount would typically depend on the terms of the individual's agreement with ConvertKit. It's important to note that ConvertKit operates on a net-60 payment schedule, meaning that affiliates are paid 60 days after the end of the month in which a referred customer has made a payment.
However, for affiliates, ConvertKit has a minimum payout threshold of $100. This means that affiliates must earn at least $100 in commissions before they can receive a payout. If an affiliate earns less than $100 in a given month, their earnings will roll over to the next month until the $100 threshold is met.