TopCoder has a specific policy for payments that affect our entire community including TopCoder Studio. Please visit the official Competition Payment page for complete details about how payments are processed, what type of tax form you must complete, and other very important details. If you ever have questions about your payments, please email email@example.com.
NOTE! The following information is excerpted from the main policy page to give you a basic idea of the payment policy and to use as a quick reference. It is NOT intended to substitute the official information found on the page above.
Before TopCoder can process payment, we must have your full name and a complete and accurate address in your member profile, as well as any required affidavits, assignment forms, and completed tax forms on file.
Studio contests are run through a tracking system called “Online Review”. When a contest ends, the payment is scheduled through Online Review and is then recorded manually by our Payments department. The scheduling of those payments is as follows:
Payments that have been updated in Online Review by 12:00 pm (EST) on Wednesday will be entered into PACTs by 5:00 pm on Friday of the same week. Any payments that have been updated in Online Review after 12:00 pm (EST) on Wednesday will be entered into PACTs by 5:00 pm on Friday of the following week. If you do not see these payments in PACTs by 5:00 pm (EST) on Friday of the following week please contact us at firstname.lastname@example.org to alert us of the missing payments.
Members can be paid by one of the following methods:
3. Western Union
Take these steps to process your payments:
There will also be a “Release Date” on all payments in PACTS. A payment’s “Release Date” will be 30 days after its creation date. Payments paid via Payoneer or PayPal will be processed immediately. If you elect to be paid by Western Union, your payment request will be queued and processed semi-monthly, on or about the 15th or 30th of the month. In order to be included in the semi-monthly payments you need to select which payments you would like to be paid for by 10:00 AM EST on the day of the scheduled payment. The actual payment date will depend on whether a payment date is also a business and US banking day.
*** Note: The date when you actually receive your payment will depend on the payment method you select.