This article is intended for hosts who are processing their payments using Universe Payments. More information on the different payment processing options can be found here.
Funds from your event will be added to your Universe account balance 48 hours after the end of your event. Once the funds have been added to your account balance, they can be requested at any time. Funds are sent via Direct Deposit (worldwide), PayPal (worldwide), Check (US only) or Wire Transfer (available for select currencies). Funds are added to your account in the currency they are sold in and can be withdrawn in most currencies worldwide.
Note: If you are converting your funds from one currency to another during the payout process, you can expect to be charged a foreign currency exchange fee for the conversion. This is not a Universe fee.
The withdrawal process consists of 2 steps:
(1) Requesting your funds from your Universe Dashboard
(2) Once approved, transferring your funds via your Universe Payouts account to your bank account or sending via check.
Note: A Universe Payouts account will need to be set up the first time you request funds to an email address. Once your account is set up and transfer method(s) have been added, you can transfer your funds at any time.
To request your funds from your Universe account balance:
1. Log in to your Universe account and go to your Dashboard.
2. From your Dashboard, select your balance from the right side of your screen.
Note: If you are requesting funds from multiple currency balances, the funds from each currency must be requested separately.
3. From your balance page, select the 'Withdraw Funds' button.
4. Once you select 'Withdraw Funds', you'll be brought to the withdrawal form. Enter the details for your withdrawal and select the 'Request Withdrawal' button at the bottom of the page.
Warning: THE EMAIL ADDRESS ENTERED ON THE FORM IS THE ADDRESS WHERE FURTHER INSTRUCTIONS TO WITHDRAW YOUR FUNDS WILL BE SENT.
If you are withdrawing to an email address for the first time, you will need to use either the phone number or date of birth entered on the form to validate your Universe Payouts account.
If you plan to transfer your funds via PayPal, the email address used to request your withdrawal must be the same email as on your PayPal account.
5. A modal will appear to review your withdrawal details. Once reviewed, click 'confirm' to submit your request. If any changes are needed, click 'Cancel' to make any updates to your request.
6. Once confirmed, you will be brought to a confirmation screen. This means we have received your request and it is currently under review. The review process takes 1-2 business days on average.
7. Once your request has been approved, an email will be sent to the email address entered on your withdrawal request to set up your Universe Payouts account. Select the 'Activate Account' button.
Note: You will only need to set up your Universe Payouts account one time (per email address). If you have already set up a Universe Payouts account with the email address entered, an email will be sent to notify you that the funds requested have been added to your account balance on your Universe Payouts account. You can log in to your Universe Payouts account at any time from www.universe-payouts.com. If you requested funds using a different email not associated with your Universe Payouts account, you will need to create a new Universe Payouts account.
8. To activate your account, you will need to verify it using either the phone number or date of birth entered on the Universe withdrawal form. Enter your information and click the 'Continue' button.
9. Next, you'll be prompted to continue as either an Individual or a Business and enter some further information about your account. Enter your details and click 'Continue'.
10. Once you have entered your account details, complete the account activation by setting a password for your Universe Payouts account, set 2 security questions, and agree to the terms. Once done, select 'Confirm'.
Once confirmed, your Universe Payouts account will be fully set up and you will not need to go through the account activation process for any subsequent withdrawal request to the email address entered.
11. Once your account is activated, you'll be on your Universe Payouts account home screen that will show your available funds, quick links, notifications, and resources along with a task bar along the top of your screen with further options. To request your funds, select the 'Transfer Funds' button.
Warning: Your funds will not be transferred until you click on Transfer Funds and then follow the prompts.
To withdraw funds after you have already set up your account:
1. Sign in to your pay portal at www.universe-payouts.com and then select "transfer funds".
To add a transfer method:
1. Click "add new transfer method" in the "transfer" tab.
Note: Funds can be requested via direct deposit (worldwide), check (US only) or wire transfer (available for select currencies). Wire transfers are subject to a $20 fee that will be deducted from the amount transferred from your Pay Portal when applicable.
2. To add a transfer method, select your settings (location/currency & method) and click 'continue' and enter your payout details on the following page. Click 'Continue'. You'll be prompted to review your information before saving the transfer option to your account. You can add multiple transfer methods to your account if needed.
Warning: Adding a transfer method will not withdraw funds to that destination, you'll need to explicitly send funds to one of your transfer methods added to your account.
3. Once you have added at least one transfer method, you can request your funds at any time. Transfers can be set to be done manually or automatically.
Manual Transfer: Each time you withdraw funds from your Universe Payouts account, you'll be prompted to enter the amount you would like with withdraw and which transfer method you would like the funds sent via.
Auto Transfer: If you have enabled auto transfer, all funds added to your Universe Payouts account will be automatically sent via that transfer method once funds are added to your account. You can set up basic transfers (100% to one transfer method) or Advanced (customize the percentage of your funds are sent to which transfer method and/or when funds are sent).
4. Select your preference to set up Auto Transfer for your account or manually request your funds. Once done, you will receive an email confirmation and your funds will be sent shortly.
If you have questions regarding your Universe Payouts account, FAQ's and contact information can be found here.
Warning: Funds that are not transferred after 3 months are subject to a dormancy fee, to be charged monthly until funds are transferred out of your Universe Payouts account.