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For Experts: Understanding Your Balance and Earnings

Comprehensive guide to tracking your income on Nexook, including balance types, earnings reports, transaction history, and tax considerations.

Nexook Support Team avatar
Written by Nexook Support Team
Updated over 2 months ago

Your Nexook Earnings Dashboard

The Earnings Dashboard is your central hub for monitoring your earnings on Nexook. This guide explains how to understand and manage your financial information.

Types of Balances

Your Nexook account has different balance categories:

  • Available Balance: Funds that are available for immediate withdrawal

  • Pending Balance: Earnings from recently completed sessions that are still in the processing period

  • Reserved Balance: Funds held temporarily for potential refunds or disputes

  • Total Balance: The sum of all your balances (Available + Pending + Reserved)

How Funds Move Through Your Account

Understanding the lifecycle of payments helps you manage your earnings:

  1. Session Completion: When a session ends, payment moves from the client to your Pending Balance

  2. Pending Period: Funds remain in Pending status for 24 hours to allow for any potential issues to be resolved

  3. Available Status: After the pending period, funds move to your Available Balance

  4. Withdrawal: You can request to transfer your Available Balance to your bank account

Understanding Fees and Deductions

All transaction fees are automatically calculated and deducted:

  • Premium Plan: 5% transaction fee

  • Basic Plan: 10% transaction fee

Your transaction history will clearly show:

  • Gross payment amount from client

  • Transaction fee deducted

  • Net amount added to your balance

Handling Refunds and Disputes

When refunds occur:

  1. If a client cancels 24+ hours before a session:

    • Client receives 80% refund

    • You receive 20% minus platform fees

    • This appears as a partial payment in your transaction history

  2. If a client cancels less than 24 hours before a session:

    • No refund is issued to the client

    • You receive the full payment minus platform fees

    • This appears as a regular payment in your transaction history

  3. If you cancel a session:

    • Client receives 100% refund

    • The cancellation fee is deducted from your balance

    • This appears as a debit in your transaction history

Tax Considerations

  • All earnings should be reported according to your local tax laws

  • Nexook does not withhold taxes from your payments

  • Consider consulting with a tax professional regarding your specific situation

Financial Account Security

To protect your earnings:

  • Use a strong, unique password

  • Monitor your transaction history regularly

  • Report any unauthorized or suspicious activity immediately

For questions about your balance or earnings, please contact support@nexook.com.

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