Question about payment

Discussion in 'Help & Guides' started by Non-player Character, Nov 24, 2019.

  1. Non-player Character

    Non-player Character New Turker

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    Hello.

    I was just wondering how long does it usually takes for current earnings to transfer from mturk to bank account. It started processing today.

    I tried looking for this information myself, but I found a number of mixed responses from instant to days. The responses also points toward "amazon payment" which wasn't an option for me under payment preference.
     
  2. slothbear

    slothbear Survey Slinger

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    It usually takes 2 days total for me. 1 day from mturk to amazon payments, then another day from amazon payments to my bank.
     
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  3. Non-player Character

    Non-player Character New Turker

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    I guess it's best to keep turking for now. Thanks for the reply.
     
  4. gener

    gener Survey Slinger

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    Are you outside the US? I believe if you are, you only have the options of transfer payment to amazon credit (and I think they *just* added direct deposit to your bank. I think for new turkers they are trying to get rid of amazon payments as an option?). If you are in the US, you have to transfer from mturk to amazon payments (takes me about 6-8 hours), then withdrawal from there to your bank (which takes about an hour to process), and if it's before your banks cutoff time for that business day it should be in that night's ACH process which would hit whenever it is that your bank posts that incoming ACH payment.

    I do a daily transfer (monday-thurs, business days) before 9am. That will process the payment from mturk to amazon payments by 3-5pm. I then do a withdrawal from amazon payments (which takes up to an hour-ish) which will hit my bank's incoming ACH before their 6pm cut-off time for deposits. That gets my deposit same day into the bank. It appears later that night, or the next morning when my bank finishes the processing on their side.
     
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  5. Non-player Character

    Non-player Character New Turker

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    That would explain why I don't see transfer "amazon payment". I live within the US and selected the option to directly transfer to the bank.

    By daily transfers, do you mean there's an option sooner than 3 days? The process seemed automatic for me in the preferences.
     
  6. gener

    gener Survey Slinger

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    I think newer turkers that have the option of transfering to bank directly from mturk have a different limit. If you have the option of transfering to amazon payments, you can do it once per day. I don't have the option of transfering directly from amazon to my bank. I *have* to transfer first to amazon payments.
     
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  7. gener

    gener Survey Slinger

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    I think we'll all end up doing transfers directly from mturk at some point. They just in the last few weeks changed it for new turkers, and will probably force older workers to switch at some point.
     
  8. Non-player Character

    Non-player Character New Turker

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    That way seems more convenient, since all the payments gets processed all in one day. I guess I just happened to join during the transitioning phase, but thank you for clearing everything up!
     
  9. gener

    gener Survey Slinger

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    Well, it is nice that if you time it right you can get it all processed in one day. But it takes effort to click buttons, and watch for completion emails by certain times and hope nothing lags behind in order to do it. It can easily spread over to the next day(s) especially if it's not a business day.
     
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  10. Non-player Character

    Non-player Character New Turker

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    Hmm that actually can seem kind of stressful.
     
  11. gener

    gener Survey Slinger

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    I'm sure they're just trying to make it easier/cheaper. You're right, you just joined during the transition phase. Those of us that got use to daily transfer are going to hate it when we are forced to switch. Glad you got it figured out!
     
  12. Non-player Character

    Non-player Character New Turker

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    I feel like that will depend on how long it will take for the processing to finish. By the looks of things, it seems like it might take 2 days at most. In that scenario, I would feel the old way of doing things is better.
     
  13. TraceyBower

    TraceyBower New Turker

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    It can also depend on your credit card. Some of the banks take longer to process those payment and it can get annoying. My bank was taking ages to process my payments and I had to get a different payment system. I was looking for a good prepaid mastercard and I found a great option on https://baxity.com/neteller-mastercard . I got a virtual Neteller mastercard which was much better for me. I have lost credit cards before and having a virtual one was a perfect option for me. It is also much safer and no one can ever steal it from you. If you register an account with a link from Baxity you will be verified very quick and there will be no need to deposit money to your account. It is the best way for online transactions and I love using it.
     
    Last edited: Jun 29, 2020
  14. Marc Biron

    Marc Biron New Turker

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    Can Turkers set up a survey for on AMT that I'm having trouble with as a newbie?