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How to Reserve a Balance for Payouts
How to Reserve a Balance for Payouts

Step by step on how to Reserve a balance for automatic payouts

Stephen Sullivan avatar
Written by Stephen Sullivan
Updated over a week ago

In this article, we're thrilled to introduce you to an essential feature designed to simplify your earnings management – Payout Reservations. As a dedicated trainer on Perspire.tv, you'll now have the power to ensure your hard-earned income is securely set aside for hassle-free payouts. Let's dive in and explore how Payout Reservations can elevate your financial experience on our platform.

Step 1: Access your Credit Wallet. Once there click the Payouts tab

Step 2: If not already done Create or Connect a Stripe account. At the bottom of the Payouts page click the Connect Stripe Account button. Follow the Stripe prompts to create or connect your Stripe account to Perspire. This is mandatory to receive payouts and convert Credits to USD Currency. Once a Stripe Account is connected to your Trainer channel you will be eligible for Payouts.

Step 3: Navigate to the Payout page and proceed to the Request Payout section. Here, input the desired amount of Credits you wish to convert into USD and have transferred to your Stripe account. Take a moment to review the information in the balance sections – Reserved Balance, Available Balance, and Total Balance.

Enter the desired amount within the Reserved Credits section. Please note that the minimum amount is 200 Credits, while the maximum is capped at your Available Balance total. Changes to your Reserved Balance can be made anytime leading up to the payout date (1st or 15th).

Keep in mind that the conversion rate from Credits to USD is 10 Credits = $1. Automatic payouts are scheduled bi-monthly, occurring on the 1st and 15th of each month. Be sure to secure your reservation before these dates to ensure a seamless process.

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