When the store payment is collected by Pic-Time, profits from sales made in the store are deposited into the photographer’s PayPal account on the 1st and 15th of each month as long as:
the total profit amount is over $20
the sale was made 7 days before the deposit date
your account information has your PayPal email
PayPal will issue a 1099 form for income of $600 minimum profits through PayPal. Pic-Time will not issue 1099 forms. To find your tax form, continue with Paypal here.
Please Note: The first deposit from Pic-Time will need to be "accepted" in your PayPal account before it transfers to you. Subsequent deposits will be transferred automatically. Learn more about accepting payments from PayPal.
Adding your PayPal Email
1. In your Settings > Store Settings tab, click the Setup button under the Payments section.
2. Enter the PayPal email and click Apply.
3. To learn more about how to adjust who collects store payments, click here.