Once a creator has reached the minimum requirement of 20,000 Notes, they can cash out via their LÜM wallet – which is located in Task Center.
If a creator is cashing out for the first time, they will be prompted to either create a Stripe account or connect to an already existing Stripe account. This workflow will have the user enter in personal banking or debit card information so that LÜM can send funds directly to the connected account.
After connecting to Stripe, any following cash out workflow will be a simple one-step process. An artist will choose to cash out from their Task Center, and those funds will be reviewed by LÜM to initiate the transfer to that artist's bank account.
Learn more about connecting Stripe HERE.
For Exchange Pro members, upon cashout, expect the transfer to take approximately 1-2 business days to reach the user's bank account.
For non-Pro members, cashout funds are released at the end of the month.
To learn more about Exchange Pro click HERE.