Withdrawal requests on the platform for producers earning between 20,000 and 200,000 USD can only be processed on weekdays. This change aims to simplify the withdrawal process.
Producers who meet the requirements for expedited withdrawals or non-business hours will have their accounts configured to allow withdrawals every day of the week.
Below is the table with the timelines and requirements:
SALES USD |
|||
Accumulated Revenue in USD |
Prerequisites* *(If there is a failure to meet at least one criterion, the producer falls into the previous category.). |
Withdrawal Request Period (from sale completion date) | Payout Processing Time |
Up to 20k USD | - | 90% - 15D 10% - 45D |
72 business hours |
Between 20k USD and 200k USD | ➡️Proof of revenue | 90% - 13D 5% - 15D 5% - 30D |
24 business hours |
Above 200,000 USD and less than 1,000,000 USD |
➡️ Invoice within Octuspay ➡️3 months of registration ➡️Maximum chargeback: 1.2% ➡️Previous month’s revenue: 60K USD |
90% - 12D 7% - 15D 3% - 30D |
24 continuous hours |
1,000,000 USD or more |
➡️Invoice within Octuspay
➡️6 months of registration
➡️Maximum chargeback: 1.2%
➡️Previous month’s revenue: 300K USD |
90% - 11D 8.5% - 15D 1.5% - 30D |
12 continuous hours |
2M USD or more |
➡️Invoice within Octuspay
➡️1 year of registration
➡️Previous month’s revenue: 600K USD
➡️Maximum chargeback: 1.2% |
90% - 10D 10% - 15D |
6 continuous hours |
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