You choose whether you want daily, weekly or monthly payments. As part of Spond's verification process, we need to confirm that your details are correct before we start the payouts. This process typically takes up to five business days from when you add the payout method.
Daily Payments: Paid out three days from deposit.
Weekly Payments: Paid every Thursday.
Monthly Payments: Paid on the 3rd of each month.
⚠️ NOTE!
Due to regulations, our payment intermediary (Stripe) is required to hold the funds for the first payout for up to 7 business days after they are received. This means your initial payment may not be transferred to your account until seven business days have passed, even if you have selected daily payouts.
Frequently asked questions
I have selected daily payments, but it's been several days since I received my first payment. Where is the money?
I have selected daily payments, but it's been several days since I received my first payment. Where is the money?
Due to regulations, our payment intermediary (Stripe) is required to hold the funds for the first payout for up to 7 business days after they are received. This means your initial payment may not be transferred to your account until seven business days have passed, even if you have selected daily payouts.
If the account is newly created, please note that we need to confirm that your details are correct before we start the payouts. This process usually takes up to five business days from when you add the payment method.
How will payments appear on my bank statement?
How will payments appear on my bank statement?
Payments will appear as Stirpe Spond in your bank statement. In some cases, Banking Circle, Copenhagen may also appear on the bank statement.