Payment processing dates
Member payments are processed on the following dates:
Rewards of $20 or more earned from Jan 1st – Mar 31st are paid out on May 5th.
Rewards of $20 or more earned from Apr 1st – Jun 30th are paid out on August 5th.
Rewards of $20 or more earned from Jul 1st – Sep 30th are paid out on November 5th.
Rewards of $20 or more earned from Oct 1st – Dec 31st are paid out on February 5th of the following year.
If being paid by check, please allow 5-7 days for delivery. When the processing date falls on a weekend, payments are processed the first business day following the weekend.
Opinions for Good currently offers Members payment by check or Paypal. Note that your member email does not need to match your Paypal account email in order to receive payment. For more information on creating a Paypal account, visit the Paypal Account Setup page.
No processing charges
Opinions4Good does not charge Members any fees for processing payments. Members automatically receive a payment at the next payout date (as specified above) when they reach a minimum balance of $20.00 during a given quarter. Quarterly earnings below this amount roll forward to next quarter’s payment cycle. Opinions4Good Clients pay all expenses related to the market research they are conducting. Therefore, 100% of funds earned are paid to Members and their designated Non-Profits.
No earnings limits
There is no maximum amount Members can earn for themselves and/or their Non-Profit. However, due to IRS regulations, once a Member has earned $600 in annual income, Opinions4Good cannot pay additional funds until a Social Security number has been provided by the Member. At that point, Opinions4Good is required by law to provide a federal Form 1099 for a Member’s annual tax filing. Until a Social Security number is on file, no money greater than $600 earned by a Member can be paid and each dollar will be turned over to the Member’s currently selected Non-Profit.
One hundred percent of the money a Member earns through Opinions4Good activities is taxable. Money directed to be shared with Non-Profits (minimum of 25% of the money you earn) is eligible for charitable tax deductions. However, Members should consult with a tax professional to determine whether such a deduction is relevant to their individual situation.
Opinions4Good will provide appropriate information to Non-Profits supported by each Member so the appropriate tax information can be compiled.
When total earnings from Opinions4Good activities approach $600 in a calendar year, federal law requires that each Member provide their Social Security number so their income can be reported via IRS Form 1099. Until a Social Security number is on file, no money greater than $600 earned by a Member can be paid and each dollar will be turned over to the Member’s currently selected Non-Profit.