What are the payment options for commissions and how are they processed?
Below is a description of the payment options offered and how they are processed.
Direct Deposit - Available for U.S. only. A member needs to fill out the Direct Deposit form (available here: Direct Deposit Form) and then Mail, Fax or Email it in. Once this information been received by accounting and submitted, payout will begin within 7 business days.
SOCWallet: Available for all members. A member will need to fill out the SOCWallet application form. Once accounting receives this application an account will be created. An email will be sent back to the customer with instructions on how to activate their SOCWallet account. Once the SOCWallet account has been activated and there are funds in the account, the member may request a Pre-Paid Credit Card for a $3 processing fee. To request an account, complete the following form: SOC Wallet Sign Up. Once you request an account, it will be created within 48 business hours. You can then activate your account at www.socwallet.com.
Physical Check- Available for all members. A check will be mailed to the address on file. Checks may take up to 14 days to be received after payout is made.