Overview
Referral rewards are paid in cash to your connected payout account, not as account credit. This article explains exactly when a reward is paid, how to set up payouts so nothing gets held up, and how taxes work on your earnings.
The short version: a referral has to subscribe to a paid plan and stay subscribed for a hold period before the reward is released. Once it clears, Wedy pays you automatically. Whether you've referred one vendor or fifty, the same rules apply to every reward.
When a reward is paid
A reward becomes payable after your referral has stayed subscribed for 100 business days from their first subscription payment. Business days are Monday through Friday, so weekends don't count toward the total: 100 business days works out to roughly five calendar months.
The hold protects the reward on both sides. If a referral cancels, is refunded, or charges back during that window, the reward isn't earned. Once the hold is complete, the referral shows as Reward pending on your referral dashboard and is cleared to pay.
How payouts are sent
Rewards are paid automatically once they clear the hold. You don't need to request anything. Payment is sent in U.S. dollars to your connected payout account, less any transfer or bank fees. Payouts run on a weekly cycle, so after a reward matures, allow up to about a week for it to arrive.
If you've earned a milestone or volume bonus, it's paid together with the referral that unlocks it, in the same payout.
Example: a referral's payout timeline
Here's how the timing plays out for a typical referral. Say someone clicks your referral link and subscribes to a paid plan on February 2. Wedy starts counting business days from that first payment date, and only weekdays count toward the hold.
February 2: Referral subscribes. The 100-business-day hold begins.
Early July: The hold clears, roughly five calendar months later. The referral's status changes to Reward pending on your dashboard.
Following week: The next weekly payout run sends your $100 reward to your connected payout account, net of any transfer or bank fees.
If that referral happened to be your fifth active one, the $200 milestone bonus arrives in the same payout, no separate request needed. If you have more than one referral maturing in the same week, Wedy combines them into a single payout rather than sending several small transfers, so your bank statement shows one deposit with the combined total.
The reverse case matters too. If that same referral cancels their subscription in April, partway through the hold, the reward simply doesn't mature. Nothing is deducted from rewards you've already been paid for other referrals; the unearned reward just never shows as pending.
How to set up payouts
You need a connected, payout-enabled account to receive your rewards. If you've already set up payments to accept client payments in Wedy, you're all set: the same payout account is used. If you haven't, your rewards will sit and wait until you connect one.
When that happens, the dashboard shows a Your rewards are waiting alert: "You've earned referral cash. Connect your bank to get paid." To fix it:
Click Set up payouts on the alert.
Add your payout and bank details.
Return to Refer & Earn. Your matured rewards will be released on the next payout run.
Rewards you've already earned aren't lost while you wait. They stay pending and pay out once your account is connected.
Taxes on your earnings
Referral rewards are income, so you're responsible for any taxes on what you earn. Where required, Wedy issues an IRS Form 1099 for your referral earnings. Keep your account and business details up to date so any tax forms reach you correctly, and consult a tax professional about how referral income applies to your situation.
Frequently asked questions
How long until I get paid for a referral?
A reward is released after your referral stays subscribed for 100 business days (weekdays only, about five calendar months). After it clears, payouts run weekly, so allow up to about a week more for the money to arrive.
Are rewards paid in cash or account credit?
Cash. Rewards are deposited to your connected payout account in U.S. dollars, net of any transfer or bank fees.
Why are my rewards showing as pending?
Either the referral is still in the 100-business-day hold, or you haven't connected a payout-enabled account yet. If it's the latter, you'll see the "Your rewards are waiting" alert. Click Set up payouts to connect one.
What happens if my referral cancels?
If a referral cancels, is refunded, or charges back during the hold period, that reward isn't earned. Rewards are only paid for referrals who stay subscribed through the hold.
Will I get a tax form?
Where required, Wedy issues an IRS Form 1099 for your referral earnings. You're responsible for taxes on what you earn, so check with a tax professional for your situation.