The Hold Time for funds paid or tipped to broadcasters by their viewers varies depending on the payment service utilized by the viewer to purchase Peeks Coins or to make payments for goods and services on the Peeks platform. For example, if a viewer purchases Peeks Coins using Apple or Google in-app payments and then tips a broadcaster with those coins; those funds will be held in the broadcaster account for 45-50 days. Similarly, by way of example, if a viewer purchases Peeks Coins using a credit card on the www.peeksfans.com website and then tips a broadcaster with those coins; those funds will be held in the broadcaster account for 7 to 15 days. (See Table 13.1 below)
Method
Hold Time (in business days)
In-App Payments
45-50
Credit Card
7-15
EFT/ACH
7-15
Email Money Transfer
7-15
Fees Table
Item
Rate
Reactivation Fee
$20
Bank Wire
Fees may vary depending on the Bank* (Minimum withdrawal amount: $100)
NSF
$20
Funds Settlements and Payout periods
The following chart lists the average settlement times of funds to a user from Peeks Social after the Hold Time has expired.
Method
Time
Peeks Social Visa debit card
Instant
Bank Wire*
Up to 3 weeks
EFT/ACH
1-2 days
Peeks Social Status Levels & Platform Fees
Stars
Platform Fee
0-0.9
70%
1-1.9
60%
2-2.9
50%
3-4.4
39.9%
4.5-5
30%
*There are fees associated with sending and receiving Wires. Peeks Social does not charge you for sending money. However, your bank may charge a fee for receiving it.
