Earn More, Worry Less: Payments and Rates Explained
A comprehensive look at how you get paid on ITAV and how to maximize your earnings.
Step-by-step guide:
Setting Up Payment:
- Before accepting any bookings, link your bank account or preferred payment method. This ensures you receive payments smoothly after each booking. There is a step by step guide on the blog.
How Payments Work:
- Once the family confirms the booking is complete, your payment is processed through the app. You should see it in your account within 2-3 business days.
- If you babysit over the weekend, expect payment by mid-week.
Adjusting Your Rate:
- You can adjust your rate at any time in your profile settings. However, the new rate will only apply to future bookings.
- Start with a competitive rate and adjust as you gain more experience and recommendations.
Taxes and Reporting Income:
- Keep track of your earnings, as babysitting income is taxable. While ITAV doesn’t provide tax forms unless specific criteria are met, you should report all your income.
- Consult a tax professional for guidance on managing your earnings.