TABLE OF CONTENTS
PAYMENTS ARE MADE ONCE PER MONTH
Payments are made to events on the 1st business day of each month. Payments are only made if the balance of the event is over $100.00. Once the event completes, a final check is sent to the event for the balance due.
5-DAY SLIDING WINDOW
Payments are made to events based on the event balance 5-day previous. This is done because it takes a few days for funds to move between banks. Example: If someone signed up for your event on Monday, the financial summary you see on Lightbox will reflect their on-line entry fees. But those fees will not be available in our bank account for 2-3 business days. We therefore look back 5 days when calculating the payment amount. Once the event completes, your event will receive the total amount due.
PAPER CHECKS VERSUS EFT
Payments are normally done using paper checks. We do offer EFT (Electronic Funds Transfer) payments to promoters and event organizers which have multiple events on Lightbox. The advantage of EFT is that you will receive your funds transfer and they are deposited directly into your bank account. If you would like us to setup your event for EFT, please contact us.
SPECIAL PAYMENT REQUESTS
If your event has special needs and would like us to send a check out of schedule, please call us. We are here to help your event and if need the money sooner, it's normally not a problem.