You can choose how to get paid (PayPal, Payoneer or bank transfer) in the "Payment methods" of your StreetLib account:
you can save more than a payment method. A Billing Profile can have 1 selected payment account.
One Payment Method can be linked to one or more Billing Profiles.
Payments are made monthly, within 30 days of the invoice date.
E.g. An invoice issued on June 30th will be paid by July 31st.
The minimum threshold for payments depends on the method chosen:
- Wire/bank transfer: $30
- PayPal/Payoneer: $0
If these thresholds aren’t met, an invoice will not be generated.
Example: You earn $20 in January.
If you have chosen to be paid via PayPal or Payoneer: the invoice will be created on January 31st, and you will receive the payment by the end of February.
If you have chosen to be paid by wire/bank transfer: the invoice will not be generated on January 31st, and the $20 will roll over to the next month. This will keep happening until you earn $30. If this happens in March, for example, an invoice will be created at the end of March for all the sales from January, February and March. You will then receive payment by the end of April.
- International retailers (listed below) provide us sales data a month late. For example: We only receive data about your May sales at the end of June. For this reason, your May sales in international stores can only be billed at the end of June. You will thus receive the payment for these sales at the end of July.
The international retailers are: Amazon, Apple, Kobo, Tolino, 24Symbols, Playstore, Book House, OverDrive, Scribd, Barnes & Noble.
- Please provide the relevant form asked by the US tax authorities:
We can’t pay your royalties without these information and documents.
If you live outside the United States, US tax authorities take 30% of your revenues by default but, depending on the country you live in and your specific status, you may be entitled to a reduced withholding tax.
As taxpayer, it’s your responsibility to define and justify which percentage you’re subject to. We’ll apply the percentage you indicate on the form.
You have to define the withholding percentage under “Claim of Tax Treaty Benefits” on the W8-BEN or W8-BEN-E form.
If you are not living in the countries cited above, please refer to this article.