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.
For example, Sara is an Anchor creator who created a Split on Stir with Julia. When Sara cashes out her Anchor Wallet balance, there is a transfer of funds to her bank account. Once the transfer is complete, the Split will automatically run by withdrawing Julia's percentage of the total revenue from Sara's bank account and depositing it into Julia's bank account.
To create a Split, navigate to 'Splits' and click 'Create Split' in the upper-right corner. The owner of the Anchor account must be the person to create this Split. For example, if Sara and Julia want to split earnings from Sara's Anchor, Sara must create the Split — not Julia.
From the platforms displayed, select Anchor.
Once you select your revenue source, a pop-up will ask you to add your collaborators. These collaborators are your Split recipients, the people with whom you will split your Anchor revenue.
If you have created a Split with them before, their emails will be displayed under 'Recent recipients.' If you've never shared a Split with them, add them by entering their email.
Use the sliding scale to adjust the percentage of earnings that every Split participant will receive. Click the 'Make even' button beneath the sliding scale to split the money evenly.
Split Name: name your Split anything that helps you remember what it is!
Message: add a message that your Split collaborators will receive in an email asking them to accept your invitation to the Split.
Pay Out To: click 'Select bank source' and select the bank account that your Anchor payouts go to. Note: It's important you payout from the bank you receive your Anchor payouts into! You can either select from a list of previously connected bank accounts, or add a new bank account to Stir. To add a new bank account to Stir, Click 'Add Bank Account' and 'Get Started.' Then select your bank, add your credentials, and click 'Submit.'
Double-check your information and click 'Create Split' to complete the process.
The Split summary will provide the following receipt of your Split.
Now that you've created a Split, Stir will automatically invite all Split collaborators to the Split. The Split will become active once all collaborators have onboarded to Stir.