Today’s announcement is all for the Social Influencer. And, as the title implies, it’s GOOD news; VITY is officially killing the Escrow Time on payments. No idea what that means? Keep reading 😊

So, previously, VITY would add on a 5 day escrow period on all approved and released money from an Advertiser to a Social Influencer. Our heart was in the right place; the thinking was that the 5 days would allow any activity to percolate and prevent the Social Influencer from removing the content. Turns out, that’s a problem that didn’t exist. 

And after a few dozen questions from Social Influencers, rightly, wondering where their funds are, we’ve made the decision to remove the escrow time. So now, when money is released by the Advertiser, it’s automatically added to the queue for transfer and will happen within minutes. 

In addition to removing the Escrow time, we’ve also enabled Social Influencer fees on all transactions. For now, that fee is 5% of your total rate so be sure to account for that while bidding. And to help with that, you’ll notice a new calculator among the tools to do the math for you.

As always, if there are any questions or concerns, please leave a comment below.