Setting Up Payments
How your earnings reach your Terac balance, and how to cash them out to your bank.
Getting paid on Terac has two parts. Approved work adds money to your Terac balance, and you cash out from that balance to your bank whenever you like. Both happen on your Earnings page at terac.com/me/earnings.
How Money Reaches Your Balance
- One-time opportunities pay when your work is approved. The payout screen in the application shows the payment's progress, and it lands in your Terac balance shortly after approval.
- Project-based opportunities, paid by the hour or per task, pay on the project's payout schedule, such as weekly on a set day. The project's Payout tab shows your rate, what you have been paid, and when the next payout is. See Project-Based Work.
- Opportunities you joined through another research panel are usually paid by that panel, under its own terms. That money never appears in your Terac balance. See Paid by another panel below.
Referral commissions and bonuses land in the same balance.
A payment for one-time work can be reversed if the submission is later rejected in review. You will see a Payment reversed notice and a Clawback row in your transaction history.
Your Earnings Page
- Available Balance: what you can cash out now.
- Earnings Analytics: a chart of your earnings and withdrawals over 7 days, 1 month, or 1 year.
- Transaction History: your most recent transactions. Filter by All Transactions, Earnings, Referrals, Bonuses, or Withdrawals, and click any row to see its details.
The Two Balances
Getting paid moves your money through two places, and knowing which is which explains most of what you see on the page:
- Your Terac balance is where approved earnings accumulate.
- Your payout balance is held with Whop, our payout partner, and is what you withdraw to your bank.
Moving money from your Terac balance to your payout balance is free and usually instant. You can move part of your balance or all of it.
Cashing Out
Everything happens on your Earnings page. The first time you cash out there is one extra step: verifying your identity.
Verify your identity (first time only)
Until you are verified, the Earnings page shows Verify identity where the Transfer button would be, with Required before you can transfer underneath. Click it and complete the ID check. You will need a government-issued photo ID, and it takes a few minutes. You can also do it ahead of time under Profile → Identity & Security. It is the same check either way, so you only do it once.
While the check is in review, the button reads In review and your earnings stay in your Terac balance. Nothing moves until it clears, and the page unlocks Transfer on its own when it does.
Move funds to your payout balance
Click Transfer between your Terac balance card and the Payout balance panel, enter an amount or click Max, and click Move to payout balance. The move is usually immediate: you will see Funds moved to your payout balance, and a Withdrawal row in your transaction history. If you see Transfer processing instead, the amount has left your Terac balance and your payout balance updates once Whop confirms the transfer. There is no need to try again.
Withdraw from your payout balance
In the Payout balance panel, click Withdraw. The first time, you add a payout method such as your bank account. After that, you can withdraw whenever you like. The panel shows the status of each withdrawal.
The identity check is run by Whop, so you will see their branding in the form. If you verified your identity on Terac before payouts moved to Whop, that check was with a different provider and you will be asked to verify once more.
Make sure the name, date of birth, and address you give match your ID document exactly. Mismatches and typos are the most common reason a verification fails.
Money you move to your payout balance cannot be moved back to your Terac balance, but it stays there until you withdraw it.
Limits and Fees
| Limit | Amount |
|---|---|
| Minimum cash out | $12.50 |
| Maximum per day | $10,000.00 |
There is no limit on a single cash out beyond the daily maximum, so you can move up to $10,000.00 at once. The daily maximum counts everything you move out of your Terac balance in one day and resets at midnight UTC. Your Earnings page shows how much you have left today and when the limit resets, in your own time zone. A cash out that would take you past it is refused with the same details; your balance is untouched and you can move the rest after the reset.
Moving funds from your Terac balance to your payout balance is free. When you withdraw from your payout balance, Whop may charge a fee depending on the method you choose: a standard bank transfer has a small flat fee, and instant transfers cost more. The exact fee is always shown before you confirm. Earnings are held in US dollars.
How Long It Takes
Moving funds to your payout balance is usually instant. After you withdraw, a standard bank transfer typically arrives within 1 to 3 business days, and some regions and methods offer faster options. The Payout balance panel shows the status of each withdrawal.
Which Countries Are Supported
Cash outs are available in most countries. If yours is not supported yet, your Earnings page will say so: ask Sophia and we will tell you your options. If the page asks you to set your country first, add it under Profile → Legal.
Paid by Another Panel
If you joined an opportunity through another research panel, that panel usually pays you directly, under its own terms. That payment never appears in your Terac balance, and Terac cannot see its status, so contact the panel about it. An empty Terac balance for that opportunity does not mean anything went wrong.
FAQ
I moved money but it's not in my bank
Moving money puts it in your payout balance, not your bank. Withdraw it from the Payout balance panel on your Earnings page. The panel shows the status of each withdrawal.
My payout balance did not update after I moved funds
If you saw Transfer processing, Whop is still confirming the transfer, and your payout balance updates when it does. Otherwise the page refreshes a moment after the transfer; if it still looks wrong, refresh manually.
My transfer failed
If a transfer fails, the full amount goes straight back to your Terac balance, and you will see Failed to create payout. Your balance has been restored. Your transaction history shows the withdrawal and a matching refund. You can try again.
Whop can also fail a transfer after accepting it. When that happens, the amount comes back to your Terac balance automatically, usually within 30 minutes, and your transaction history shows Withdrawal reversal: Whop transfer failed.
Is there a minimum amount to cash out?
Yes, $12.50. It is shown under the Transfer button and in the transfer window. Earnings from multiple submissions add up toward it.
I cashed out before and got an email with a reward link. What changed?
We previously paid through Virtual Incentives, which emailed you a link to choose a reward. We have moved to Whop, which lets you withdraw straight to your bank and offers more options. Payouts you already received the old way are not affected.
Are my earnings taxable?
Earnings from Terac may be taxable depending on where you live and your total income. You are responsible for reporting your income according to your local tax laws. Whop collects the tax details it needs from you directly during verification; in the US this includes an SSN. See the Payout Policy for more.
What's Next?
Learn about referring others to earn commission, or go back to applying to opportunities.