Many of you aren’t. For you, Squidoo is about spreading ideas. Expressing yourself. Building your online identity. Getting the word out about something. Creating meaning.
Then again, especially in a down economy, it’s an awfully nice bonus to earn royalties from the good pages you’ve built on this free service.
So if you care about making money on Squidoo, please take a few seconds to read the info in this post.
In mid-April, after the next payday, we’ll be implementing our “unclaimed royalties” policy, which has been around since the company’s inception, but never put into effect.
The short version of it is this: If you haven’t claimed your royalties in over a year, not even once, we will assume you’ve left the site or are not here for the cash and will roll your earnings over to charity.
Here’s the longer version, straight from our payment FAQ: It’s worth knowing that if you go more than twelve months without reaching a payout, not matter how small, we’ll assume you’ve abandoned your account or aren’t here for the money, and your unclaimed royalties will be returned to our system and applied to our overhead and the Squidoo Charity Fund. In April of 2009, for example, we’ll zero out any cash generated by your account since April of 2008, only if you’ve haven’t claimed it via PayPal in that time.
So if you want to make sure you continue getting your money (we hope you do!) whether it’s $1 or $100 waiting for you in Squidoo, keep your Cash Payout Threshold low. And make sure your correct PayPal address is on file with us in your account. I encourage you to change or doublecheck all your Payment Settings in your Profile page. (You’ll need to log in first, of course).
Why are we even bothering with unclaimed royalties? Accounting clarity. We want to pay lots of people, lots of money! But we don’t want to “owe” lots of people a few cents, especially if they’ve abandoned their accounts or would be just as happy giving it to charity. Easier and cleaner for everyone involved if we zero out unclaimed pennies after a year and donate it to charity instead.
Who will this affect? Well, as a policy it applies to all lensmasters. But in action, it only affects people who have their payment settings earmarked to cash, and who haven’t claimed their royalties even once in the past year. So if you HAVE reached your Cash Payout Threshold in the last year and HAVE claimed your earnings from us via PayPal, you won’t even know that this policy exists. That’s most of you.
One more time: If you’re not sure if you’ve claimed your royalties in the last year, just
1. Check your Cash Payout Threshold and set it to $1.
2. Make sure your PayPal email address is correct. Then when we process payment in April, you’ll get your loot! And you won’t have to worry about any unclaimed royalties ever again.