Net 15 Payment Descriptions
- Checks – mailed via regular mail on the 15th of each month, following the month when the activity occurred. Should the 15th land on a weekend or holiday your payment will be mailed the next banking day. Please note: we do not FedEx or overnight payments.
- PayPal – processed on the 15th of the month, following the month when the activity occurred. Should the 15th land on a weekend or holiday your payment will be processed the next banking day. Please note: Hydra generally does not recommend using PayPal for payments but does offer it as an option. If you select PayPal as your payment type you will be responsible for any applicable fees PayPal may assess you for the use of this service. If charged these fees, they are typically deducted from the payment amount in your account, similar to a banking fee, and not charged to the sender as is often the case with money transfers.
- Wire – processed on the 15th of the month and normally post on the same day for all domestic accounts; however this is subject to the receiving bank and may take longer depending on their posting methods. There is a $10.00 domestic wire fee and a $20.00 international wire fee, which will be deducted from your network earnings prior to processing. If the 15th lands on a weekend or holiday your payment will not be processed until the next banking day.
- ACH – processed on the 15th of each month unless the 15th lands on a weekend or holiday, which would then move payouts to the next business day. When an ACH is processed it takes a minimum of 24 hours to post to your account. Some banks, including many credit unions, take longer to process. Please note that ACH processing only occurs during banking hours so payments made on Fridays may not post to your account until the following Monday or banking day.
2008 and 2009 banking holidays:
| 01/01/2008 |
New Year's Day |
| 01/21/2008 |
Martin Luther King, Jr. Day |
| 02/18/2008 |
President's Day |
| 05/26/2008 |
Memorial Day |
| 07/04/2008 |
Independence Day |
| 09/01/2008 |
Labor Day |
| 10/13/2008 |
Columbus Day |
| 11/11/2008 |
Veteran's Day |
| 11/27/2008 |
Thanksgiving Day |
| 12/25/2008 |
Christmas Day |
| 01/01/2009 |
New Year's Day |
| 01/19/2009 |
Martin Luther King, Jr. Day |
| 02/16/2009 |
President's Day |
| 05/25/2009 |
Memorial Day |
| 07/04/2009 |
Independence Day |
| 09/07/2009 |
Labor Day |
| 10/12/2009 |
Columbus Day |
| 11/11/2009 |
Veteran's Day |
| 11/26/2009 |
Thanksgiving Day |
| 12/25/2009 |
Christmas Day |