Introduction
It’s no secret that PipFarm has undergone some noticeable changes as we’ve grown rapidly during the industry’s most challenging year.
If you follow me on Twitter, you’ll have seen that I posted many tweets raising awareness of the prolific fraud, not from prop firms but from traders, which is greatly impacting the industry.
I’m proud to say we’re successfully tackling these issues 💪 But I won’t lie: This increased workload has decreased our efficiency and made our payout processing inconsistent; sometimes, it is processed in three hours or three days.
As you know, PipFarm is all about consistency. That’s why we will switch to our new Friday Pay Day policy and compensate you with $1,000 if we fail to pay you by 23:59 GMT on your Pay Day.
We will also guarantee that ID verifications will be reviewed within 24 hours (7 days a week), or we’ll give you a $100 voucher.
The above initiatives will launch on Monday, March 10th, 2025.
Smoother payouts and faster verification 🔥
- 💸 Friday is Pay Day: We will process all payouts on Fridays, just in time for the weekend 🙌
- 💰 $1,000 Payout Promise: If we don’t pay you on Friday, you’ll get an extra $1,000 on top of your payout.
- ⏩ 24-Hour Verification Guarantee: We will review your identity verification within 24 hours, else we will give you a $100 voucher to use with any PipFarm challenge.
Why does this help? 🤔
- Establishing a service-level agreement with a promise we can keep reinforces our internal priority of providing you with the incredible service that initially attracted you to PipFarm.
- Establishing clear expectations of when you will be verified and paid gives you peace of mind.
- Regulating our workflow by scheduling payouts one day per week helps us focus and ensure we exceed all of your expectations, not just payouts.
The fine print 🤓
Please don’t just read the highlights; the small print is important too!
Friday Pay Day
- Friday is the only day of the week when payouts are processed.
- You will no longer need to request payouts. They will be scheduled automatically at 06:00 GMT on Friday and processed by 23:59 GMT.
- You will need to nominate a Rise or Skrill registered email or USDT address.
- The minimum payout via Rise will be increased from $300 to $500 (the fee to pay out via Rise is $50 per month).
- Any payouts below $500 will be sent to your USDT address.
- Your profit share will be based on your current rank (rather than account rank). Therefore, all rank benefits from rank promotions will have an immediate effect on your profit share.
- We only process payouts from one account per week. You can choose your preferred account.
- If you do not specify a preferred account, we will choose automatically based on the following priority: accounts eligible for payout protection, then accounts that were scaled, and active funded accounts, prioritising accounts with the highest profit.
- If you miss your Pay Day, you’ll need to wait for the next one.
- There will be no more first payout on demand. Everyone has the same Pay Day – FRIDAY
- This policy shall apply to everyone.
Examples
Here are some examples to help you understand.
Example #1
Suppose the following:
- You are Rank 1
- You have a funded $100k Classic Mode ✅
- You have more than 3% profit ✅
- You have completed 1 out of 3 trading days ❌
- You do not have any open positions ✅
In this case, you are not eligible for a payout because you did not meet the required minimum trading days.
Example #2
Suppose the following:
- You are Rank 1
- You have a funded $100k Endurance Mode
- You have 0.75% profit ❌
- You have completed 2 out of 3 profitable days ❌
- You do not have any open positions ✅
In this case, you are not eligible for a payout because you do not meet the required minimum payout threshold or minimum trading days.
Rapid ID Verification
- We will start verifying traders seven days per week.
- If we do not verify or follow up on your verification attempt within 24 hours of submission, we will give you a $100 voucher to use with any PipFarm challenge.
Get more information
Next week, we will update our terms and conditions and upload help centre articles. I will also host a live monthly round-up where you can ask questions, and we can discuss the benefits and features of our new approach.
