For athletes capitalizing on Name, Image, and Likeness (NIL) opportunities, understanding how NIL earnings are paid out is crucial. The Eksperience platform not only makes it easy for athletes to engage with their fans but also ensures that payments are seamless and hassle-free. So, how is NIL money paid out on Eksperience? Here’s everything you need to know.
Step 1: Accept Your Invitation and Join the Eksperience Platform
Before you can start earning NIL money, you need to accept the invitation to join the Eksperience platform. This process is simple:
- Download the app from your app store.
- Log in using the username and password provided in your invitation email.
Once you’ve logged in, the platform will guide you through a quick setup process so you can start personalizing your profile.
Step 2: Customize Your Profile and Connect Your Stripe Account
After logging in, you’ll be directed through a brief onboarding sequence where you can customize your profile. This includes adding your bio, photos, and any other relevant information to show your fans who you are and what you offer.
The next step in onboarding is to connect your Stripe account. Stripe is the payment processor used by Eksperience to ensure your NIL earnings are paid out securely and efficiently. Here’s how to connect your account:
- Follow the steps provided in the app to link your existing Stripe account or set up a new one if needed.
- Once your Stripe account is connected, you’re all set to start earning!
Step 3: Earning NIL Money with Eksperience
With your profile set up and payment method linked, you’re ready to earn money through various fan engagements on the Eksperience platform. The app notifies you whenever a fan books an engagement, such as a personalized video shoutout or other custom interactions.
- Keep an eye on your notifications for new requests.
- Once you receive a booking, you can quickly fulfill the engagement in just a few minutes through the app.
Whether it’s answering a fan’s question or sending a shoutout for a special occasion, you can deliver these experiences directly to your fans while getting paid for your time.
Step 4: Getting Paid – How NIL Earnings Are Deposited
After you’ve completed and fulfilled an engagement, the payment process kicks in. The funds you’ve earned from the engagement will be automatically deposited into your connected Stripe account within 2-3 business days. The process is straightforward, ensuring that you’re compensated quickly for your work.
Step 5: Keeping Track of Your NIL Earnings
One of the great benefits of using the Eksperience platform is how easy it is to track your NIL earnings. The app includes tools that allow you to monitor your earnings in real-time, giving you clear visibility into how much you’ve earned from fan engagements.
- You can access a summary of your completed engagements and income within the app.
- When your earnings exceed $600 in a calendar year, Eksperience will automatically send you a 1099 form, making it easy to handle your taxes and financial reporting.
Final Thoughts: Simplifying NIL Payments with Eksperience
Eksperience not only connects you with your fans in a meaningful way but also simplifies the entire process of earning and getting paid for NIL engagements. From setting up your profile and linking your Stripe account to fulfilling engagements and receiving payments, the app is designed to make the NIL process as easy and efficient as possible for athletes.
Ready to start earning through NIL on Eksperience? Accept your invitation, set up your profile, and get ready to engage with your fans—and get paid for it!