We are pleased to announce several changes to our contest award and payout fees for the creatives.
These changes will be live in the next 7-10 days and we will make another announcement when the changes are complete.
1. Elimination of 10% withdrawal fees: We will no longer charge the 10% fee for Contest withdrawals. Note: If you win an award from a contest that was launched prior to these changes going live, those withdrawals will still be subject to 10% withdrawal fees. Any payouts from contests that launch after these changes are live will not be subject to any withdrawal fees.
2. Increase in minimum contest award amounts: The minimum award amount offered in Naming contests going forward will be $135. Please note that we may make ongoing changes to contest pricing as well as award amounts based upon our ongoing testing and market feedback.
We are committed to finding additional ways for our community to monetize their creativity. Please continue to share your feedback about how we can further improve our platform.