Automated Payouts Guide

Last Updated: 01/01/2024

GlassPass Payouts Guide

How do GlassPass Payouts Work?

The new GlassPass Automated Payout System makes payouts easier than ever. Now, you choose how & when you want your money sent to you. We’ve partnered with Dots to give you a wallet to store your payouts, a variety of methods to cash out with, and the option to have your payouts sent automatically to your bank account right when the transaction clears.

Payouts are ready when the buyer confirms safe delivery. Trusted Sellers are paid when tracking updates to in-transit in the app, before delivery.
Choose from multiple new methods: Direct-to-Bank Transfers, Cashapp, other popular payment apps, a variety of gift cards, & more to come.
Withdrawal your funds whenever you choose! Powered by a fully automated system, payouts are sent faster & with less hassle!

View Payouts & Edit Information:

There are multiple ways to view your available payouts per transaction, your payout history, and to edit your payout information. These methods are within the app or available on Dots’ website. Here’s where you can view your payouts & edit your payout methods inside the app:

Order Screen: When the order is complete, a green button will appear towards the top of the order screen that says “View My Payout”. This will show you the payout amount for the transaction, including your current Dots wallet balance.
Account Settings: Within your GlassPass Account Settings, there’s a button near the top called “Manage Dots Account”. This will take you to your Dots Wallet Dashboard, which allows you to edit your payout methods, see your payout history, and set default methods and/or automatic payouts.
Seller Dashboard: On your Seller Dashboard, there is a button titled “Available Payouts” that displays the amount in your Dots Wallet that’s ready to be withdrawn.
Dots Website: Visit https://my.dots.dev/login to login to your Dots Wallet using your phone number. The website will show you all of your payout information and history.
(Coming Soon) GlassPass Credits connected to Dots Wallet: Currently, your GlassPass Credits and your Dots Wallet are 2 separate wallets. We are working on combining GP Credits with the Dots Wallet in the future. As of February 2024, Dots Wallet balance is only used for payouts, and GlassPass Credits are temporarily disabled.

Note: if you set a payment method to “Automatically cash out” then Dots will immediately send your payout to your selected method once it arrives in your Dots Wallet, meaning you don’t have to do anything!

GlassPass Payouts Process:

We use Dots as our primary payouts provider, making your payouts fully automatic once you get setup. Right when a payout is ready, it will be sent to your Dots Wallet. Once you connect a payment method of your choice you can allow Dots to automatically cash-out payouts, or you can withdraw when you choose. Below are some quick tips on how it works:

Verify your name & phone number when you sign up. Change it on the “Edit Profile” page.
Only 1 phone number can be used per account for payouts (for now)
View available payouts in the Seller Dashboard, or in each Order using “View My Payout”
Edit your payment methods in the Account Settings using “Manage Dots Payouts”
Connect a payment method of your choice. Set a default, and choose if you want GP payouts to be automatically cashed out of your Wallet when they arrive.
Cash Out your balance when you want, to any payment method you choose
When the payout is ready (after the buyer confirms safe arrival), you’ll receive a Push notification, a text message, and a “View my Payout” button will appear on the order screen.
Use https://my.dots.dev/login to check your payout dashboard with Dots

If your total payouts on GlassPass exceed $600 in a calendar year, Dots will automatically prompt you to enter your tax information before your next payout. This is just to have your info on file. Whether you actually receive a 1099-K depends on the IRS reporting threshold for that tax year, which is covered in our 1099k tax guide.

All data is stored securely, encrypted inside of our Banking Partner Dots’ sophisticated security system. GlassPass does not have any visibility into your personal banking data, and follows NIST’s best practices for data security. All banking information is encrypted and stored securely with Plaid, the most secure way to link a bank account.

Requirements

Real full name & phone number entered when prompted
Valid payment methods, with no typos or errors in your email or phone number
For RTP (Real Time Payments), additional verification is required
Tax information required once your total payouts exceed $600 in a calendar year

FAQs

Q: When would I need to submit my tax information?

A: Dots will prompt you automatically once your total payouts exceed $600 in a calendar year. You only need to do this once. Submitting your info does not mean you'll receive a 1099-K. That depends on the IRS threshold for the tax year.

Q: Will I receive a 1099K?

A: Only if your sales exceed the IRS reporting threshold for that tax year. For 2024 the threshold was $5,000 in gross payments. For 2025 the IRS set it at $20,000 AND 200 transactions, and that threshold carries into 2026. Check our Tax Guide for full details, and talk to a tax professional about your specific situation.

Q: Is Dots the only option for payouts?

A: Currently, yes. Dots allows us to send payouts much faster & easier, with more options than we were able to offer before. Dots is constantly building and adding new features, so expect to see new payout methods and even faster speeds in the future!