Credits are monetary unit used in the system. Each credit is worth $0.01. When converted to other currencies exchange fees may apply.
Potential credits are credits for projects that you have started working on. They keep this status until a project becomes completed, this may take a few days to happen, then they become pending credits.
You can see the status of your credits in your Dashboard ("My Balance" Tab)
Once the translation project becomes completed, you'll be credited according to the number of words you have translated. A project becomes completed 7 days after the translation is submitted or after the last action has been done on the project page (such as a comment on the General Discussion board).
The credits for the translation will become earned after 72 hours, from the moment the project becomes completed, and the bonus – after 30 days, from the moment the project becomes completed.
When you have reached a minimum of 5000 credits ($50), you can convert them to cash and request payment via the Control Panel. You also have the possibility to withdraw 2000 credits or more out of the 5000 collected for your first request.
The default payment terms for the first convert request are Net+60. There is no possibility to choose another date.
For your further convert requests, it is enough to reach 2000 credits rather than 5000, and you will be able to convert them right away. The default payment terms for the next requests are Net+30 (i.e. at the end of the following month).
However, as soon as your first request is cleared (the payment is successfully made), you will also be able to withdraw your funds at any time you wish. The money requested prior to the default payment terms will be subject to a modest Early Withdrawal Fee. The Early Withdrawal Fee is subject to change and will be specified on the “Convert to Cash” page.
Additionally, a Manual Handling Fee may be stated during the conversion process.
Your One Hour Translation account is similar to a bank account in the sense that you can withdraw money from the account at any time. Note, however, that on our regular payment dates (the 15th and the end of the month) there is no Manual Handling Fee since payments on these dates are processed automatically.
We offer three payment options for translators. We allow payment via the OHT Payoneer Mastercard or wire transfer (both options of which are processed by Payoneer), or you can receive payment via Paypal. Please remember that PayPal may deduct its transaction fees from what we pay you, depending on your account type.