Credits are how payments are made on the BLEND platform. Each credit has a monetary value depending on the client's home currency. 1 credit = $0.01 USD. When converted to other currencies exchange fees may apply.
"Potential" credits are credits for projects that you're currently working on. When you finish a project, the credits change to "Pending." Once the project is officially completed, the credits become available on your account (within 72 hours). A project is 'completed' 7 days after the translation is submitted OR after the last action on the project page (i.e. comment posted to the discussion board). You can see the status of your credits in your Dashboard ("My Balance" Tab).
The project bonus will become available 30 days after a project is completed.
When you have a minimum of 5000 credits ($50), you can convert them to cash and request payment via the Control Panel. For your FIRST withdrawal, you can convert 2000 credits or more out of the 5000 collected.
For your first withdrawal, the payment terms are Net+60. This cannot be changed.
For subsequent withdrawals, you only need to collect 2000 credits (rather than 5000), and you can convert them right away. The default payment terms for subsequent withdrawals are Net+30 (i.e. at the end of the following month).
Once your first withdrawal is confirmed (payment is successfully made), you may withdraw funds at any time. Withdrawals made outside the standard Net+30 payment terms are subject to an Early Withdrawal Fee. The Early Withdrawal Fee is subject to change and will be specified on the “Convert to Cash” page.
Payment runs are made automatically on the 15th and the last day of each month. If withdrawals are scheduled outside of these days, a manual handling fee will apply.
There are 3 available payment methods. The BLEND Payoneer Mastercard, wire transfer (both are processed by Payoneer), and Paypal. Please remember that PayPal may apply its own transaction fees depending on your account type.