What does net 60 basis mean?

Answer 1

adBrite pays on a net-60 basis. This means earnings from each day must mature for 60 days before they are eligible for payment. For example, December earnings will mature at the beginning of March, January earnings will mature in April, etc. adBrite uses this time to collect and verify payments.

Payments are processed once per month, at the beginning of the month. Before a payment can be processed, the following criteria must be met at the time we start to process payments:

1. Earnings must have matured (reached net-60)

2. Matured earnings must meet the minimum check requirement

3. Pay to name must be filled out

4. Address must be complete

5. We must have collected payment from the advertiser for the matured earnings

A check will be processed for you if all five criteria mentioned above are met and it will be sent to the address on file by the 10th of the month. If your matured earnings do not reach your minimum check requirement, then those earnings will roll over to the following month.

For U.S. addresses, checks typically arrive within 7 to 10 business days. For international addresses, it can take up to 21 business days for your check to arrive.