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Nuts and Bolts: PayPal Payment Method

August 7, 2020
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Nuts & Bolts – PayPal Payment Method
 
There is only one day that trumps payday. The day you actually receive your pay! GCU pays artists on a quarterly basis (payments are issued within 30 days after the end of each quarter). GCU sends artists’ payments via mailed check or PayPal. GCU strongly encourages artists to set-up a PayPal account and set their preferred Payment Method in their GCU account to PayPal for a handful of reasons:

 

1. no transaction fees (GCU pays them)
2. instantaneous receipt
3. online deposit – transfer your funds directly to your financial institution
4. avoid mailing address & deliver errors
5. natural disasters – rain, wind, sleet, spilled wine … we’ve seen it all. Some checks take the scenic route, really take a beating needing to be re-issued (means you have to wait even longer)

 

 

Note: if you are puzzled why you have not received your payment via PayPal, double check in your GCU Account Information that you entered your PayPal account email address correctly.  Also, this sounds so simple but it’s worth saying, you MUST set up a PayPal account in order to receive payments.

 

 

The difference is in the details.

Mindy
GCU Community Manager

 

One Comment leave one →
  1. August 7, 2020 12:47 pm

    I have always used Paypal for my GCU payment, but Paypal has been buggy for the last few weeks and would not transfer my money into my account. It (for no reason) unlinked my bank but kept the link to my debit card. They are both the same account but when you transfer your money to the card, they charge you a fee. They would not help me relink my bank account, saying some banks are not compatible. My bank is one on their list of “linkable” banks. I had to suck it up and pay the $10 transfer fee in order to get my money. I felt completely ripped off and I closed my Paypal account. Is there a fee for GCU to process checks? Will you be offering direct deposit into bank accounts in the future? A lot of POD companies direct deposit.

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