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ACH/Direct Deposit 101

Clapper offers a variety of ways for our creators to earn money. Through Livestreams, Radios, DM Tipping, and Support Tiers, our creators can find the monetization option that works best for them. Since we make this aspect so easy, we wanted to ensure with withdrawal process was as seamless as possible. That’s why we offer the option for our US creators to transfer earnings directly into their bank accounts. In this article, we’ll walk through the steps of setting up a direct deposit transfer.

What is ACH/Direct Deposit? 🤔

ACH stands for Automated Clearing House and is a direct deposit from Clapper to your bank. This puts the funds right into your bank account and comes with no transfer fees like other payment options.  All of the money you earned goes right into the place you need it most! This option is currently only available for US creators.

How to Transfer via Direct Deposit đź’¸

  1. Open the Clapper app and go to your profile.
  2. Tap the “Income” section of your profile, which will be right below your Groupchat on the far right.
  3. You’ll be taken to an Income page, which will display your current balance, pending withdraws, and how much you’ve earned overall. The number you care most about is “Balance”, the biggest number on the screen.
  4. Tap “Withdraw”. From there you’ll be taken to a banking information page. Here you can choose from ACH/bank transfer (only available for US creators right now), or PayPal (for US and international creators). Select PayPal.
  5. Now enter how much you want to withdraw from your balance. You can withdraw the entire amount or a fraction of it!
  6. Enter in the information for your bank account. This will include the Account Holder Name (the name on your bank account), the Checking Account Number, and the Routing Number.   You can find these on any check, or by looking online/on your bank statement.
  7. Hit submit and you’re good to go!

For a visual walk through of this process, here is this tutorial from @ClapperAcademy.

Other Helpful Information 🤓

The minimum about for a withdrawal is $100, and there’s a payout fee of $0.25 per withdrawal.  It can take 2 – 7 business days for your withdrawal to hit your account.  If you run into any issues or if you don’t see your funds in your account after 7 business days, reach out to @ClapperCreator or @ClapperAcademy.  To learn more about monetizing on Clapper, check out Monetization 101. To learn more about withdrawing via PayPal, read this article.