When logging into your SpankPay account for the first time, you will have the opportunity to setup your account and profile. These steps can be skipped and updated later in the SpankPay dashboard or in your account settings.
Step 1: Complete Your Profile
You can upload a profile picture and hero (banner), update your stage name, link social media accounts, and more! These will be visible to the public on your SpankPay.Me page, which is what your clients will see when they go to tip you.
Step 2: Tax Information (can be filled out a later date)
For tax purposes, one of three forms will need to be completed in order to withdraw payments of over $500 in a year. Click the dropdown menu and select one of the three options that best describes you.
- I am a U.S. person (citizen or green card), or a U.S. company
- I am a non U.S. person
- I am a non U.S. company
(After making a selection, click the Launch DocuSign button to complete the tax form.)
Step 3: Select you Holding Currency
Since users have the option to send payments in multiple currencies, your holding currency is how those payments are converted and stored as they are received to your account.
Incoming payments will be converted to whichever holding currency you select from the following:
-> Holding Currency is defaulted to 'USD.' Which means all payments received will be converted to the value of USD. If someone sends you $10 worth of ETH, BTC, etc. it will remain at $10.
-> If you select 'Ethereum' or 'Bitcoin' all incoming payments will be converted to ETH or BTC and are subject to market risk. If ETH or BTC go down, that will effect your current balance.
-> If 'Payment Currency' is selected, all incoming payments will be held as whatever currency was used in the transaction. If ETH is sent it will be held as ETH, USD as USD, and BTC as BTC.
Step 4: Setup Banking
Information entered here will allow our partner, Wyre, to process withdrawals to your bank account.
Note: Click here for instructions on what to do if your banking country isn't supported yet.
Step 6: Finish you Profile!
Congratulations! You have successfully completed your account profile!
Click the Share on Twitter button to share your profile with your Twitter followers for your chance to win our SignUp tweet contest!
If you have any further questions, our support team is happy to help. Feel free to email us anytime at email@example.com