Yesterday authors should have received an email informing them that there will be a change in payouts effective from the 1st of January 2009. The email notice said the following:
New earnings payment system
As of January 15th 2009, you will be provided with a new feature allowing you to automatically withdraw your final earnings balance for the month.
For example: If you select this option on January 16th, then a withdraw request will be automatically submitted for your total earnings balance up until January 31st at 11:59:59pm.
For those members who like to withdraw their maximum earning each month this tool will be extremely useful – no more missing the payment request cutoff by mistake!
The original withdraw system will also remain in place, allowing you to continue to withdraw specific amounts from your earnings balance.
New payment date
As of January 2009 all of the months earning payments will be issued on the 15th of following month *.
For example, all earning withdraw requests from January 1st to January 31st will be paid out on February 15th *.
- December withdrawal request processed on 1st January
- January withdrawal request processed on 15th February
- February withdrawal request processed on 15th March
This new payment system will save authors time and will allow Envato to continue to make timely monthly payouts to a variety of account types. Thank you for your understanding while we make this transition and for your continued support.
*If the 15th falls on a weekend or public holiday, the payment will be made on the following business day Australian Standard Time (no exceptions).
We apologize for any inconvenience while we make this transition to the new payout date. Recent site growth and increased incidences of attempted fraud have made it necessary to implement increased payment processing time. Please direct any questions, concerns or comments to this thread where they will be reviewed and answered by staff.
Again, thank you for your understanding and support.