Managing Payments & Financial Transactions
The Financial Dashboard is your central hub for managing all payment processes on Loxala. It provides real-time insights into earnings, scheduled payments, withdrawal options, and more.
Important Notice: Bank Account Setup Unavailable
If you’re in a country without bank transfer support, alternative methods are available:
- Select a Supported Bank Account: Choose a bank account from Loxala's supported country list to receive payments directly.
- Contact Support for assistance in finding the best withdrawal method for your location.
Financial Dashboard Features
1. Financial Report
- Available Funds: Displays the current accessible funds after deductions. Funds remain pending for 8 days post-client release for both fixed and hourly contracts.
- Total Earnings: Shows cumulative income over a selected period.
- Pending Payments: Tracks any unpaid client amounts.
- Comparison with Goals: Monitors your earnings relative to financial targets, using visual indicators to show progress toward monthly or annual goals. A notification and email are triggered at 80% completion to keep you motivated.
Example: If your monthly goal is $5,000 and you’ve earned $4,000 by the 20th, the dashboard will indicate 80% progress, prompting you to stay focused.
Withdrawal Management
Loxala offers flexible withdrawal settings, allowing you to manage funds according to your needs:
- Setting a Withdrawal Schedule
- Minimum Balance: Initiate withdrawals once you reach $100 in available balance.
- Frequency Options: Choose between weekly or monthly withdrawals for a consistent payout schedule.
- Choosing Withdrawal Method
- Bank Account: Set up a bank account for regular transfers, displayed with the last four digits for easy identification.
- Verification Requirements
- SMS Verification: For security, each withdrawal requires SMS verification, with a “Trust This Browser” option to streamline future verifications.
- 2FA Setup: If 2FA is inactive, setup will be required for security purposes before proceeding with withdrawals.
Withdrawal Options: Standard & Express
- Standard Withdrawal: Available in the US, UK, and Japan. Fees are $0.99 per transaction, with a processing time of 2-7 business days.
- Express Withdrawal: Available in the US and UK, with a 1.5%-2% fee plus $0.99, and funds arriving within 30 minutes, including weekends and holidays.
Japan’s Weekly Payouts: Processed every Monday at 1 AM GMT.
Transaction History
The Transaction Summary allows you to track all transactions, including project payments, withdrawals, and credit purchases.
Transaction Columns Explained
- Transaction ID: A unique ID for easy reference.
- Date: Date of the transaction, tracking payment timelines.
- Type: Indicates the nature, such as Project Payment or Withdrawal.
- Details: Includes client info, project description, and payment methods.
- Amount: Shows the monetary value of each transaction.
- Status: Indicates whether a transaction is Completed, Pending, In Progress, Transferred, or under Dispute.
Invoice Generation
Downloadable invoices are available for Completed transactions, such as project payments and withdrawals.
Yes, you can select weekly or monthly withdrawals once you reach the $100 minimum balance.
Fees range from 1.5%-2% plus $0.99, with funds typically arriving within 30 minutes.
Incorrect details will cause a return, and funds may take up to 5 business days to reappear in your account.