Your monthly earnings are deposited into your Cocoon MyData Rewards™ account as seen on the dashboard under Available Balance. New earnings are added to your Available Balance, usually on the 1st of every month, and then available for immediate transfer to PayPal. You have two options to CASH OUT and transfer your balance to PayPal:
Transfer Option 1: Automatically, Every 3 months
The easiest option, all you have to do is enter your Paypal account on the Cash Out page once, then every quarter on January 1, April 1, August 1, and October 1 we will automatically transfer your balance (if $5.00 or more) to the Paypal account you provided.
Transfer Option 2: Anytime
You can also choose to get paid anytime. Just click Redeem Rewards from the dashboard, and then click on the CASH OUT button.
The fine print: The minimum balance you can transfer is $5.00, and new accounts must wait for an initial 45-day period before the first transfer.
Please note, transfers may incur a small fee from Paypal.
More options for cashing out your rewards will be available in the future as we hope to expand the program further. Follow us on Facebook to be the first to know.