Before you start earning money, we need to know how you would like to be paid. New advisors are asked to provide their payment details during the sign-up process. You can update your payment details at any time from your account. PsychicCenter advisors are paid in one of two ways:
Semimonthly Direct Deposit is provided free of charge. Payments are processed on the 1st and 16th of the month and made available depending on your bank's direct deposit policies.
Express Pay provides daily direct deposit for a 2% fee. Payments are processed every business day, excluding holidays and made available depending on your bank's direct deposit policy.
Payments Best Practices
Direct deposit is the easiest way to get paid. Simply provide us with your banking details and we will do the rest! In order to receive payments by direct deposit, you must have a U.S. bank account.
The minimum direct deposit payout amount is $10. Because you are required to keep $5 in your account at all times, you must have $15 total to trigger a payment.
PsychicCenter is obligated to report advisor earnings to the IRS. If you meet the thresholds set out by the IRS, we will issue you a 1099-K in January of the following year.
Payments are not processed on bank holidays.
While you can change your direct deposit information at any time, it can take a few days for the new information to be confirmed by your bank. In the meantime, payments will not be made.