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 order was approved/confirmed 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.
Adding your PayPal Email
1. In your Shop & Automation > Shop Settings tab, click the Setup button under the Payments section.
2. After selecting Pic-Time under Payment Collected By, click + More options to connect your PayPal account.
3. Click to Setup PayPal.
4. Input your PayPal email address to allow the deposits to be made to your PayPal account. Click Apply.
5. After that, you will need to disconnect Stripe if it was already connected. Click to Setup Stripe.
6. Then click to Disconnect Stripe.
7. Then click Apply to save your changes.
To learn more about how to adjust who collects store payments, click here.