Arise releases pay on the 10th and the 25th after 12:00 pm est of each month if either of the two days are on a weekend or a holiday the payments will be sent on the following first business day. The pay period for the 10th will cover the previous 16th-31st dates, and the pay period for the 25th will cover the 1st-15th. Since you are a contractor there will be no taxes deducted. The contractor pay comes lump sum to Monarchy where the payment will be forwarded to your bank account. Monarchy deals soley with Bank of America accounts.
Monarchy deducts 5% as a cost of doing business fee which is fully tax delectable for you as a contractor.
2% transaction fee
3% filing fee