How do you process payouts on funded accounts?

At The Funded Sports Trader, we prioritize flexibility and convenience for our traders when it comes to processing payouts.

Here's how the payout process works:

  1. Payout Options: Deel provides you with multiple payout options to choose from, catering to your preferences. You can select between:
    • ACH (Automated Clearing House) Transfer: This option allows you to receive your funds directly into your bank account, ensuring a traditional and secure payout method.
    • Crypto Payout: Alternatively, you have the option to receive your payout in cryptocurrency, offering the advantages of speed and flexibility associated with digital assets.
    • Paypal: Individuals or businesses can seamlessly transfer funds from their TFST account to their PayPal account, providing convenient access to their money.
    • Venmo: Facilitate a quick and easy withdrawal straight to your Venmo account.
    • Zelle: Receiving a Zelle withdrawal facilitates the swift transfer of funds directly to an individual's bank account from another party, enabling seamless access to the money without any additional steps.
  2. Choice and Control: The choice between payout options empowers you to select the method that aligns best with your financial preferences and goals.
  3. Secure and Reliable: We offer secure and reliable payment processing through many partners, ensuring that your funds are transferred to you in a safe and efficient manner.
  4. Tax Season: For United States Citizens, you will receive a 1099 which details out all of the tax documents you need to file your earnings with your state and federal government. For international users, you are solely responsible for adhering to your countries tax laws.

We aim to provide you with a hassle-free and secure payout experience, allowing you to access your trading profits with ease. If you have any specific questions about the payout process or need assistance with payout options, don't hesitate to reach out to our support team. We're here to ensure your financial transactions are handled smoothly and to your satisfaction.

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