Isn't there an option in Hyperwallet, weekly or monthly?

Discussion started by CGPitbull

Isn't there an option in Hyperwallet to choose whether payments are made weekly or monthly?

Answers

Posted 10 months ago
2

I think it's only auto transfer or manual transfer. So either it transfers automatically to the account you set up, or the funds await until you want them transferred.

CGPitbull wrote
CGPitbull
Since they are "splitting" the payments, I have to do the sums weekly to check that the Hyperwallet figure corresponds to the sales each week. Before, when you paid monthly, I didn't have to do these calculations. I honestly preferred when they paid you monthly in arrears. .. it would have been more appropriate for them to pay us on the 30th of each month instead of the 20th of the following month, of course, but even so, these installment payments mean extra accounting for me.
TazMan2000 wrote
TazMan2000
The 20 days is probably for ensuring that there is no problem with the payment credit card or account and it gives the customer time to evaluate the model to see if it is as advertised. In fact, it's still 20 days from the sale, until you get your payment in Hyperwallet. You can put your suggestions to make the site better in the Suggestions forum but somehow I don't think this will change anything on the frequency of payments. This is a done deal.
Posted 10 months ago
0

Thats exactly what i was just looking for and couldnt find it anywhere. On the CGTrader my page i saw that hyperwallet pays EVERY wednesday, dont think we can change that, which tells me Hyperwallet gets to collect fees from everyone (4) times a month instead of once.......
Hope CG Trader can confirm if there is an option or not for payment occurance.

TazMan2000 wrote
TazMan2000
This is a cut and past from the CGT Hyperwallet Pay Portal. "Your money will be transferred automatically if you have auto transfer enabled. If you don’t, sign in to your Pay Portal account to manually request a transfer." CGT transfers the money to Hyperwallet every Wednesday provided you have sales at least 20 days previous. You can configure the Hyperwallet Pay Portal to transfer your funds to your bank account automatically once it arrives or you can do a manual transfer at a time that is convenient for you. Yes, they collect fees 4 times a month, but it's still less that before when it was once a month, plus you don't have to wait up to 51 days for a payment. The choice for payment transfer frequency is either immediate, or manual. No monthly or bi-monthly.

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