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Can I request an immediate payout or advance payment?

At this moment, iKnowly does not offer the option for immediate payouts or advance payments. All payments to consultants are processed through Stripe on a weekly basis, typically scheduled every Wednesday.

Here's a more detailed breakdown of the process:

  1. Payment Schedule:
    1. iKnowly processes all consultant payouts on a weekly schedule. Payments are initiated by Stripe every Wednesday. Once the payout is initiated, it may take up to 3 business days for the funds to be delivered to your linked bank account.
  2. No Immediate Payouts:
    1. As of now, there is no functionality in place to request an immediate payout or an advance payment. The current system is designed to ensure that payments are made on a set weekly schedule, to streamline the process and maintain consistency for all consultants.
  3. Why this Structure?:
    1. This payout structure allows for accurate and efficient processing of payments for all consultants, ensuring that funds are transferred securely and in accordance with the platform's policies.
    2. Regular payouts help maintain smooth operations for both iknowly and its consultants, as it also allows Stripe to verify and process payments accurately.
  4. When Will You Receive Your Payment?:
    1. As mentioned, the payout is processed weekly, every Wednesday. After initiation, it typically takes up to 3 business days for the funds to appear in your bank account, depending on your bank's processing times.
  5. Alternative Solutions:
    1. If you have specific urgent financial needs or require more flexibility with the payment timing, we recommend reaching out to support@iknowly.com to discuss your situation. While immediate payouts are not part of the current offering, our support team can provide advice or alternative solutions to assist you in specific cases.
  6. Future Updates:
    1. We continually evaluate the needs and feedback from our consultants. While immediate payouts are not available at this time, we may explore the possibility of introducing different payout options in the future.

If you require more details or assistance, feel free to contact our support team at support@iknowly.com, and we will be happy to provide guidance and help address your concerns.