After you win your first contest, the award amount will be automatically credited to your account immediately. You can view your credit amount on the My Account page under the Transactions section.
Requesting A Payout
On your My Account Page, click on the Request Payment button next to your current balance.
Once you click this button, you will be asked for your connect your PayPal or Payoneer account, which must be verified. Currently, PayPal and Payoneer are the only payment method that we use to pay our winning contestants.
Before requesting payment, you must send us your W9 or W8-BEN form. You only need to send this form once. This can be sent to us using our chat bubble (located in the bottom right corner) or emailed to firstname.lastname@example.org.
Payouts are typically processed 7 days after they are requested.
If you have won more than 5 contests, and your account is in good standing (i.e. no policy violations), payouts will be processed within 1-3 business days after they are requested.
What Is The Guarantee That I Will Be Paid?
Squadhelp guarantees that a the award amount will be distributed for every guaranteed contest (see exceptions). Even for contests that are not guaranteed, we collect the payment from the Contest Holder in advance and escrow the payment until a winner is selected.
As soon as a winner is selected by the contest holder, the award amount is immediately transferred to the winner’s Squadhelp account. Read the full article.
You can take a look at our Winners page to see all the winners for our previous contests.
When you request a payout, you must provide your PayPal or Payoneer email_id. We will transfer the payout amount to that PayPal or Payoneer account.
In order to protect the integrity of our platform, we require confirmation that your account is 'verified'. For example, to verify your PayPal account you must log in, and confirm that your account status is 'verified'.
Fees Associated When Withdrawing Award
As a contest winner, you can withdraw money from your account at any time. You are charged a transaction fees of 10% of the total balance being withdrawn. For example, if you win a contest for $100, a $10 administration fee will be applied (and $90 will be deposited into your PayPal). This administration fee covers the cost of our payment escrow as well as processing of payment transactions (initially from the contest holder and then to the winner).
Note: These fees do not apply to your Marketplace Domain sales.