Post for Rent's payment process explained
In order to make the platform safe for all players and to avoid any fraudulent action, Post For Rent has updated its payment system in October 2020.
Read further to understand how advertisers are charged for their campaigns.
Each advertiser running campaigns on the Post For Rent platform will be charged the amount of the influencer fee + the platform service fee right after:
- they approve any influencer application during a public campaign,
- an influencer approves a direct campaign request.
This amount will be added to the advertiser's credit deposit balance.
While running public campaigns, the charged amount will be in the advertiser's credit deposit balance until the booking is accomplished, i.e. when the influencer content is approved. In case the booking is aborted, the charged amount will be returned to the advertiser's current balance, and will be able to use on payment in the future.
During a direct campaign, the advertiser's credit card or current credit balance is charged once an influencer accepts the invitation for the campaign.
If the advertiser approves an influencer whose fee would cost more than the current balance allows for, the extra charge for the difference will be made on the advertiser's credit card, ensuring there's enough amount in the balance to cover influencers' costs. The advertiser receives a pre-invoice, and once the campaign is completed, i.e. the content is published, Post For Rent will make a transfer to the influencers and send the invoice to the advertiser. All advertisers' invoices can be found under the transactions tab.
If an advertiser approves an influencer for a campaign and has enough credit available on their current balance, then Post For Rent will always cover charges from the available balance first. Advertisers are able to top up their credit balance at any time.
This payment system allows Post For Rent to be a safe and secure place for everyone's business, ensuring more safety in the influencer marketing industry, and restricting any fraudulent action from fake advertisers.