How Do I Get Paid After a Sale?

Getting paid on Legacy-Loop is straightforward. Payments are processed securely by Stripe, and Legacy-Loop is built to hold your earnings until the sale is confirmed before releasing them to you — protecting both you and the buyer. Here is the full process.

1. Sale Confirmed: When a buyer purchases your item, the payment is captured and held securely. You will receive a notification and the item status changes to "Sold."

1. Ship the Item: Package and ship the item using our shipping wizard. You can print a label at home or use the QR code method at the post office. Legacy-Loop tracks the shipment automatically.

1. Delivery Verified: Once the carrier confirms delivery, Legacy-Loop marks the item as "Completed." The buyer has a 24-hour window to report any issues. If no issues are raised, your payout is released.

1. Payout Available: Your earnings appear in your Payments dashboard under "Available Balance." Legacy-Loop deducts a 10 percent platform fee from the sale price. Shipping costs are paid by the buyer separately and do not reduce your payout.

1. Withdrawal Options: You can withdraw your balance using three methods. Direct Deposit (ACH) transfers funds to your bank account in 3-5 business days. PayPal transfers arrive within 1-2 business days. Check by mail takes 7-10 business days.

1. Minimum Withdrawal: The minimum withdrawal amount is $10.00. There is no fee for ACH or PayPal withdrawals. Check withdrawals have a $2.00 processing fee.

1. Payout Schedule: You can request a payout at any time once your balance reaches the minimum. There is no automatic withdrawal schedule — you control when you get paid.

1. Tax Reporting: If you earn more than $600 in a calendar year, Legacy-Loop will issue a 1099-K form for tax purposes. You can view your annual earnings summary in the Payments section.

For local pickup sales, the buyer pays you directly at the time of pickup. Legacy-Loop does not handle payment for in-person transactions, but we still track the sale in your account for your records.

Tip: Set up direct deposit in your account settings ahead of time so your first payout is ready to go as soon as you make a sale.

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