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What of the third option that says no payment

That declines payment for the post. People can still upvote it, but when it reaches 7 days you get 0. When you see posts with a line through the payout value, that's why. It means they declined payment on the post.

Wow i just learnt something new. Thanks
Never knew what that 50/50 meant and the two others. Thanks for teaching me what i will teach others