Setting Up Payments
How your earnings reach your Terac balance, and how to withdraw them to your bank.
Getting paid on Terac has two parts. Approved work adds money to your Terac balance, and you withdraw it to your bank whenever you like. Both happen on your Earnings page at terac.com/me/earnings.
How Money Reaches Your Balance
- One-time opportunities pay when your work is approved. The payout screen in the application shows the payment's progress, and it lands in your Terac balance shortly after approval.
- Project-based opportunities, paid by the hour or per task, pay on the project's payout schedule, such as weekly on a set day. The project's Payout tab shows your rate, what you have been paid, and when the next payout is. See Project-Based Work.
- Opportunities you joined through another research panel are usually paid by that panel, under its own terms. That money never appears in your Terac balance. See Paid by another panel below.
Referral commissions and bonuses land in the same balance.
A payment for one-time work can be reversed if the submission is later rejected in review. You will see a Payment reversed notice and a Clawback row in your transaction history.
Your Earnings Page
- Available to withdraw: everything you can withdraw now, with the Withdraw button beside it.
- Activity: Transactions lists your earnings, bonuses, referral commissions, and withdrawals, and you can click any row to see its details. Bank withdrawals lists what you have sent to your bank and where each one stands.
- Earnings Analytics: a chart of your earnings and withdrawals over 7 days, 1 month, or 1 year.
Where Your Money Is
Your earnings collect in your Terac balance. Withdrawals go through Whop, our payout partner: when you withdraw, your money moves from Terac to your Whop balance, and from there to your bank. Money that reached Whop but not your bank, for example because you closed Whop's form, waits in your Whop balance.
Available to withdraw counts both, so you never have to track where the money is.
Withdrawing
Everything happens on your Earnings page, behind one Withdraw button. The first time, there is one extra step: verifying your identity.
Verify your identity (first time only)
Until you are verified, the Earnings page shows Verify identity where the Withdraw button would be, with Required before you can withdraw underneath. Click it and complete the ID check. You will need a government-issued photo ID, and it takes a few minutes. You can also do it ahead of time under Profile → Identity & Security. It is the same check either way, so you only do it once.
While the check is in review, the button reads In review and your earnings stay in your Terac balance. Nothing moves until it clears, and the page unlocks Withdraw on its own when it does.
Press Withdraw
Click Withdraw. Your Terac balance moves to Whop, all of it up to your daily limit, and Whop's withdraw form opens after a quick refresh. If your money is already in your Whop balance, the form opens straight away.
If you see Transfer processing instead, the money has left your Terac balance and Whop is still confirming it. There is no need to try again: once it lands, it shows in Available to withdraw, and you press Withdraw again.
Choose the amount and your bank
In Whop's form, enter how much to withdraw, pick your bank or another payout method (the first time, you add one), check the fee, and confirm. You will see Withdrawal requested, and the withdrawal appears under Bank withdrawals.
If you close the form without withdrawing, nothing is lost: the money stays in Available to withdraw for next time.
The identity check is run by Whop, so you will see their branding in the form. If you verified your identity on Terac before payouts moved to Whop, that check was with a different provider and you will be asked to verify once more.
Make sure the name, date of birth, and address you give match your ID document exactly. Mismatches and typos are the most common reason a verification fails.
Money that reaches your Whop balance cannot be moved back to your Terac balance, but it stays there until you withdraw it.
Limits and Fees
| Limit | Amount |
|---|---|
| Minimum withdrawal | $12.50 |
| Maximum per day | $10,000.00 |
There is no limit on a single withdrawal beyond the daily maximum, so you can move up to $10,000.00 at once. If your cash outs go through Virtual Incentives instead of Whop, each one can be from $5.00 up to $2,000.00. The daily maximum counts everything you move out of your Terac balance in one day and resets at midnight UTC. Withdraw never moves more than what is left of it today: the rest stays in your Terac balance, and your Earnings page says when the limit resets, in your own time zone.
Moving money from Terac to Whop is free. When it goes on to your bank, Whop may charge a fee depending on the method you choose: a standard bank transfer has a small flat fee, and instant transfers cost more. The exact fee is always shown before you confirm. Earnings are held in US dollars.
How Long It Takes
Moving money from Terac to Whop is usually instant. After you confirm Whop's form, a standard bank transfer typically arrives within 1 to 3 business days, and some regions and methods offer faster options. Business days do not include weekends or bank holidays, so a withdrawal you start late on a Friday or over a weekend arrives after the next business day. Bank withdrawals on your Earnings page shows the status of each withdrawal.
Which Countries Are Supported
Withdrawals are available in most countries. If yours is not supported yet, your Earnings page will say so: ask Sophia and we will tell you your options. If the page asks you to set your country first, add it under Profile → Legal.
Paid by Another Panel
If you joined an opportunity through another research panel, that panel usually pays you directly, under its own terms. That payment never appears in your Terac balance, and Terac cannot see its status, so contact the panel about it. An empty Terac balance for that opportunity does not mean anything went wrong.
FAQ
I withdrew but the money is not in my bank
Check Bank withdrawals on your Earnings page, which shows where each withdrawal stands. If yours is not there, Whop's form was closed before you confirmed: the money is still in Available to withdraw, so press Withdraw again.
My balance did not update after I withdrew
If you saw Transfer processing, Whop is still confirming the transfer, and your balance updates when it does. Otherwise refresh the page.
My withdrawal failed
If moving your money to Whop fails, the full amount goes straight back to your Terac balance, and you will see Failed to create payout. Your balance has been restored. Transactions shows the withdrawal and a matching refund. You can try again.
Whop can also fail the move after accepting it. When that happens, the amount comes back to your Terac balance automatically, usually within 30 minutes, and Transactions shows Withdrawal reversal: Whop transfer failed.
Is there a minimum amount to withdraw?
Yes, $12.50. While your balance is below it, your Earnings page shows how much more you need. Earnings from multiple submissions add up toward it.
I cashed out before and got an email with a reward link. What changed?
We previously paid through Virtual Incentives, which emailed you a link to choose a reward. We have moved to Whop, which lets you withdraw straight to your bank and offers more options. Payouts you already received the old way are not affected.
Are my earnings taxable?
Earnings from Terac may be taxable depending on where you live and your total income. You are responsible for reporting your income according to your local tax laws. Whop collects the tax details it needs from you directly during verification; in the US this includes an SSN. See the Payout Policy for more.
What's Next?
Learn about referring others to earn commission, or go back to applying to opportunities.