In order to start earning money from Tips, Album Sales, Subscriptions, and Royalty Distributions, you'll need to set up a payout method for us to deliver the funds to you.
This guide covers everything you need to know about setting up your payout preferences, understanding the fees associated with different payout methods, minimum payout thresholds, and when you can expect to receive your money. Whether you're a new or existing user, this guide will ensure you have all the information you need to start earning on BandLab!
When you're owed money on BandLab, you will be prompted to set up a payout method so we can deliver the funds to you. BandLab currently supports payouts through PayPal, with more options to be added soon. To select your preferred payout method:
- Go to your account’s payment settings
- Under Payout Method, click on the Connect button next to Tipalti
- Fill in the required information, including contact details and the preferred payment option, then click Next
- You'll be returned to the Settings page with your payout method set up!
Payouts are made in USD. If a different currency is selected in your account, there may be an additional fee of up to 3%.
BandLab does not take any fees when processing payouts. However, our payment provider charges a fee for sending money, which will be automatically deducted from your earnings during the payout process. Currently, we only support payouts through PayPal.
The fees for different payout methods are as follows:
i. ACH (U.S. only): $1 per payment
ii. eCheck (U.S.): $1.50 per payment
iii. eCheck (non-U.S.): $5.00 per payment
iv. Paper Check: $3 per check
v. Wire Transfer (U.S.): $15 per payment
vi. Wire Transfer (International in local currency): $20 per payment
vii. Wire Transfer (International in USD): $26 per payment
viii. PayPal (Non-US resident): $0.50 + 2% up to $20.50
ix. PayPal (U.S. resident): $0.50 + 2% up to $1.50
There may be a maximum payout limit in certain countries. Your earnings will be divided and sent in multiple payments if this limit is reached.
BandLab is unable to assist with tax-related inquiries. Please refer to the IRS website or consult a tax professional for further information.