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  • FORMLESS NETWORK
    • Overview
  • SHARE
    • SHARE SDK
      • Authentication
      • Payouts
      • Smart Contracts
      • Prepaying for API Credits
    • SHARE App
      • Smart Contract Creation
        • Sell a Beat
        • Sell a Song
        • Sell a Video
        • Sell an Album
        • Sell a Collection with Community Splits
        • Create a Community Splits Contract
      • Frequently Asked Questions
    • SHARE Protocol
  • TUTORIALS
    • Cashing Out to Your Bank
    • Collections Revenue Flow
    • For Symphonic Customers
      • Get Your Streaming Money Paid Out Same Day
      • Share Streaming Money with Fans
      • Add SHARE Protocol as a Payee
      • Assign Royalty Splits to SHARE Protocol
      • Connect Track Earnings to a Smart Contract using a Form
      • Connect Track Earnings to a Smart Contract using SHARE SDK
      • Receiving Realtime Royalty Payouts
    • For Distribution Businesses
      • Getting Started
      • SHARE Enterprise Dashboard
        • Your Custom Branded Portal
        • Logging in and Adding Authorized Users
        • Viewing Your Revenue Analytics and Balance
        • Viewing Customers
        • How Revenue Splits Work on D2C Sales
      • SHARE API and SDK Access
        • Shared Ownership and Large-Scale Fractionalized Payouts
        • Connect DSP Earnings to SHARE with No-Code
        • How Your Customers Can Create Splits Contracts
        • Create a Community Splits Contract using SHARE UI
        • Execute a Programmatic Payment
        • How to Verify FORMLESS Account IDs
        • Add SHARE Protocol Split Contract as a Payee
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  1. TUTORIALS

Cashing Out to Your Bank

This page gives step by step instructions for cashing out earnings from SHARE into your bank account.

PreviousSHARE ProtocolNextCollections Revenue Flow

Last updated 4 months ago

You can cash out from SHARE easily and directly from the application. Follow the steps below to instantly convert and transfer your funds.

  1. In the Navigate to Dashboard -> Home and press Transfer Balance.

  1. Next select the cryptocurrency you'd like to convert to cash. In this case, we'll select Polygon.

  1. Press Get Started with Beam. Beam will ask you for details about where you'd like to transfer the funds. For example you can provide your debit card or bank information. You'll only need to setup Beam once. We recommend providing a debit card as the cash out option as it results in faster transfer times.

  1. Once your account is setup and you've provided Beam with your bank or debit card information, view the Payout address section.

  1. Since we're using the Polygon cryptocurrency, we're going to copy the Polygon payout address.

  1. Navigate back to SHARE and press Proceed.

  1. Paste the Polygon address copied from Beam into the Address input field.

  1. Enter the amount you'd like to transfer then press Proceed.

  1. Review the details and press Confirm.

  1. Wait the transfer to complete and do not refresh or leave the page until finished. Once the transaction has completed, navigate back to Beam and view the payout transaction history.

  1. You'll receive a confirmation email from Beam. Please note that Beam charges a small fee for the service which is outside of our control.

  1. View your bank account and confirm the payment has been cashed out. This will take 5-10 minutes if you've setup Beam with a Visa debit card or RTP. If you're using ACH, it will take 1-2 business days.

Done!

SHARE App
This is the Home tab of the Dashboard page in the SHARE web application.
Until you cash out, your balances are held as digital currencies on a blockchain.
You'll setup Beam once to provide your debit card or bank details for receiving your funds.
Beam will provide you with a list of Payout addresses. You'll transfer your funds to one of these addresses and Beam will then convert the funds to cash in your bank.
Copy the Payout address.
Now that you have a Payout address from Beam, you'll proceed to the next step.
Paste Polygon address from Beam into Address input field.
Above we've entered $30, which will be cashed out using Beam.
The confirmation details show the amount in USD that's being transferred, as well as the equivalent amount in cryptocurrency, which in this case is 66 POL on Polygon.