Anchor Splits automatically run when a Creator withdraws funds from their Anchor Wallet, and the money enters their bank account. This means that Anchor Creators must withdraw funds from their Anchor Wallet in order for the Split to run. Here’s how to create an Anchor Split.
Navigate to the Splits tab and click the
Create Split button, selecting Anchor as your platform.
Start by entering the email address (or name if you’ve previously created a Split with the person), and the percentage of revenues for each Split member.
You can also add a configuration here, including:
- Percentage Payout set by you, determines the percentage each person on the Split should receive.
- Cumulative Earnings Cap, sets an all-time limit on the amount of money a Split member can earn from the Split. (for more information, see )How do Cumulative Caps on Splits work?
Give your Split a name! You can also set its Start Date if you want the Split to start running in the future and an End Date, which can be left blank if you want the Split to run in perpetuity.
Enter the details in the Split summary, including a Split Name and a message for your Split members. Click the
Select Bank Source button and select the bank account your Anchor account pays out to — choosing from a list of previously connected bank accounts or adding a new bank account.
Double-check your information and click
Create Split to complete the process. Stir will automatically invite all Split participants to the Split, which will become active once all members have been onboarded!