MGID has a total of six payment methods, but only three are commonly used by publishers and advertisers.
As a blogger, you have to understand the most suitable payment method which is based on your income figures. If your income is below $1000,the most appropriate payment method is PayPal, and if your monthly earnings exceed $1,000,use Wire Transfer.
For my case, I loved using Paypal but after my income crossed $1, 000,I changed the payment method to Wire Transfer. The reason I did this is that Wire Transfer charges less than $2,000 for any amount transferred to your account but Paypal charges in excess of $50 for any amount above $1,000.Ideally,Paypal is expensive compared to Wire Transfer when the amount is above $1,000.
For individuals who aspire to use other payment methods, here is the full list
| Name | Fees | Minimal payout* | Payment Schedule | |
| PayPal | Normal PayPal fees apply | 100 USD | Monthly, NET30 | |
| Payoneer Prepaid card | 3 USD | 100 USD | ||
| Bank Transfers: | ||||
| Payoneer bank transfer Receive bank transfers through Payoneer payment platform |
For all US and non-US bank accounts | Local Bank Transfer – Recive payments in your local currency* – 3 USD | 100 USD | |
| For non-US bank accounts – 15 USD | ||||
| Tipalti bank transfer Receive bank transfers through Tipalti payment platform |
For all US and non-US bank accounts | For payments above 1000 USD: n/a | 1000 USD | |
| ACH bank-to-bank transfers | Beneficiary’s bank is located in USA | For payments above 1000 USD: n/a | 1000 USD | |
| Additional Fees may apply by the recipient’s bank, if he has it installed on the receipt of funds | ||||
| Interantional bank-to-bank transfers | International wire transfers (Beneficiary’s bank is located outside USA) | For payments above 1000 USD: n/a | 1000 USD | |
| Additional Fees may apply by the recipient’s bank, if he has it installed on the receipt of funds | ||||
* If you don’t meet the minimal payout threshold, your revenues will be added to the next month’s revenues until you reach the required minimum.
* Currency conversion fee of up to 2% above mid-market rate may apply.
MGID has terms and conditions to be followed during payment.
Getting Paid
MGID allows you to set automatic payment method which is used to send money into your account. Once you set up the method, the money will automatically be sent into your account. If you don’t add a payment method by the last day of the current month, you will delay your payment for another 30 days.
For example: If you started working on May 25, add your payment details before the end of May in order to get paid by the end of June. If you add your details in June, you will receive all your May earnings + June earnings by the end July.
Payment Schedule
All payments are issued once a month according to the NET 30 payment terms. This mean that your last month earnings will be paid by the end of the current month, approximately on the 30-th day of the month. Please, allow 1-3 business days for the payments to arrive. If the pay date occurs on a weekend, then the payment will be processed on the next business day. You will receive an email notification once the payment is sent.
For example: July revenue will be transferred on August 30 but if August 30 is Saturday or Sunday, the payment will be delayed till Monday.
Changing and editing the active payment method
You are able to switch/edit your payment method while the payout status is “pending”. After the payout status was changed to “approved”, you cannot change the payment method. Payout requests are reviewed before every 15th day of the month, be sure to apply any changes during the first half of the month.
If you couldn’t find an answer for your question here, visit help.mgid.com and try searching for an answer or create a ticket explaining your problem/bug if there is any.
Source:MGID
How to join MGID
MGID is so far one of the most preferred contextual advertising networks.The company offers amazing RPM for publishers.Minimum requirements include :
You must own a website/blog
At least 3,000 daily page views (but your blog can be approved with 500 page views if it has quality articles)
Apply through this link and get approved within a day
