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SocialLadder Payouts

This articles explains how the SocialLadder Payouts option works

Written by Marshall

SocialLadder offers options to payout your creators for their work and can handle all of the tax filing for you.

NOTE: Fees apply, talk to your Account Manager to discuss current pricing.

Pre-funding the Payouts Account

All funds for payouts must be transferred to SocialLadder at least 2 weeks before the desired payout date.

Work with your Account Manager to estimate how much to pre-fund.

SocialLadder is flexible to our customers unique needs, and funds for your pre-funded payments can be transferred by Credit Card (3% fee applies), ACH or invoiced.

Paying your Ambassadors

As your ambassadors complete tasks and make sales inside of SocialLadder, they will receiving compensation that can be tracked on their dashboard as well as on your admin portal.

Creator Dashboard View

Admin Portal View

Based on your desired payout schedule, at the point when you need to pay your creators, you will create a new Payout Batch on your admin portal.

Payout Batch Creation

Inside of the Payout Batch, you can search all of your unpaid compensation and add transactions to this batch. Note: you can filter by segments, compensation date, etc. as needed to ensure only the specific payments you want to make are in the batch.

Once you have added all of the desired payments to the batch, have confirmed everything is correct, and are ready to pay your creators. You'll, simply click the Process Payment button.

Payout Batch - Process Payment

IMPORTANT: SocialLadder must have received enough funds to process the payment. if the total payment amount exceeds the amount in SocialLadder the payment will not process and the batch will need to be lessened or more funds will need to be transferred in order to continue.

How Ambassadors Receive Payouts

Once you process a Payout Batch, your ambassadors will receive an SMS message with a link to access their payment. This will allow them to select from a number of options on how they want to withdraw their funds. The creators can also select options to automatically receive their funds using this method in the future to further streamline this process.

Note: Payout Options vary by country. Click here for which options are available in each country.

Creator Payout Options

Tax Compliance and W9 Collection

Tax information and agreements will automatically be collected for your creators as soon as they receive a payout that will put them over $2,000.

Digital W9 Collection

Tax Compliance Terms

Tax Document Distribution and Filing

SocialLadder can distribute Tax documents (1099) to creators who met the $2,000 payment threshold and file with the IRS.

NOTE: There are fees per Tax Document filed, see your Account Manager to discuss the most current pricing.

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