For Spoyl Influencers: When someone purchases from your Spoyl Store, the commission you earn from each sale gets deposited to your Spoyl Account. You can directly transfer your Spoyl Money to your bank account by using the ‘Cash Out’ option in the app.
For Shoppers: If you opt for COD payment method for your purchase and then return the product- we will credit the money back to your Spoyl Account as Spoyl Money.
Upon placing the request to cash out, we will initiate the transfer within 48-72 hours. We will notify you once we initiate the transfer. The actual transfer may take longer as this would be dependant on the expediency of your bank. This process may take from 3-7 working days.
No, you cannot use Spoyl Money to buy products on Spoyl.
As a user, you authorize us to transfer money from your Spoyl Money account to your bank account.
We verify the account holder's name while transferring money into your account. If the names do not match the details, we will classify this a fraudulent transaction and cancel the transaction.