Payment Methods and Wallet Funds Hold Times

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.Peeks.Social 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 Crowdfunding Fee
0-0.9 70% 70%
1-1.9 60% 60%
2-2.9 50% 50%
3-4.4 39.9% 39.9%
4.5-5 24.9% 24.9%

 

*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.

 

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