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How are Earnings paid to Sellers on Kraftwurx? PDF Print E-mail
Note:
This article provides general information elated to Kraftwurx. If you have
questions, please do not hesitate to contact us. You can contact us via
email, through the community or the forums

Kraftwurx issues payments for "Cleared earnings" the fifth day of every month AFTER the item ships. Cleared earnings are earnings that have been held for 30 days since the date of transaction (sale) for the product AND that the item has actually shipped to the buyer. Your sales each month are accrued in your account as total earnings accrued (including cleared earnings) until the first of each month. Cleared earnings also have a minimum for automatic payment of $100. This means you will not be automatically paid unless your "cleared earnings" is $100 or more. If your balance is less than $100 after 90 days, you will automatically be paid the "cleared earnings" in your account.

Pending earnings are earnings you have accrued that will be paid to you after the clearance period (30 days) and that have NOT shipped. Pending earnings include sales that have not shipped.

For example: If you have in $175 in "cleared earnings" in December and earn no money on January 1st-January 7th. Then, you earn $300 between January 8th and January 31st. On February 1st you will be paid $175 to your PayPal account on record. The $300 in earnings accrued in January, clear in February and are issued the 1st of March.

Essentially, Kraftwurx hold earnings for 30 days and releases them for payment after the "clearance period" AND the item has shipped.

Why do you have a "clearance period"?

Kraftwurx holds funds for the clearance period in order to ensure we adhere to accounting standards. Kraftwurx uses Accrual accounting principals.


NOTE: Kraftwurx currently makes payments only through Paypal for Sellers. You must have a Paypal account in order to receive your payments.
  • Kraftwurx makes all payments in US Dollars. Since we pay through Paypal, you may withdraw your payments in any currency you desire.
  • Information (such as your Name, Address, Phone Number, & Email) is required by law for Kraftwurx to pay you.
  • Accounts that do not have a valid payee name and address will not be processed for payment.
  • Kraftwurx has a $100 minimum account balance threshold. You will not receive automatic payments until your account reaches this level.
  • Accounts that are business/entity owned may be required to provide a tax ID to receive payment and/or proper tax documentation
 

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