iTunesconnect Earnings: How to withdraw?

Discussion in 'App Store Business, Legal and Marketing' started by johngarland, Jan 30, 2011.

  1. macrumors newbie

    Joined:
    Jan 30, 2011
    #1
    Hello guys,

    I am John Garland a new apple developer. I am planning on selling my newly made apps but I am very unfamiliar with the payment process. My apps are currently waiting for review.

    For instance that I made an app sold how do I withdraw my earnings from the sale?

    Is Paypal an option for payout?

    If not what are the possible withdrawal methods?

    How often can you withdraw your earning? (for instance every week or once a month)

    Thank you guys!

    John Garland :)
     
  2. macrumors demi-god

    fishkorp

    Joined:
    Apr 10, 2006
    Location:
    Ellicott City, MD
    #2
    Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_3 like Mac OS X; en-us) AppleWebKit/533.17.9 (KHTML, like Gecko) Version/5.0.2 Mobile/8F5153d Safari/6533.18.5)

    When you sign up you give Apple your bank info. Once a month they deposit into that account, if you meet the minimum threshold.
     
  3. thread starter macrumors newbie

    Joined:
    Jan 30, 2011
    #3
    Thanks for the reply. How much is the minimum threshold?

    Is there any other withdrawal option other than bank account?
     
  4. macrumors 603

    Cromulent

    Joined:
    Oct 2, 2006
    Location:
    The Land of Hope and Glory
    #4
    $150 per region I believe and no there is no other option.
     
  5. thread starter macrumors newbie

    Joined:
    Jan 30, 2011
    #5
    Thanks for the assist!
     
  6. macrumors 6502

    87vert

    Joined:
    Oct 7, 2008
    Location:
    Pittsburgh, PA
    #6
    If you close your account you are paid out for whatever is left below the $150 mark.

    I think every now and then Apple may do a pay out for everyone to "clean up the books" I think they did one last Feb but it is not guaranteed every year.
     
  7. johngarland, Jan 31, 2011
    Last edited: Jan 31, 2011

    thread starter macrumors newbie

    Joined:
    Jan 30, 2011
    #7
    Thanks for the assist guys!

    I chose iOS Paid Application because I am going to sell my apps. It says it needs 24 hours to process my new contract. However there are still two buttons saying SETUP in my contracts page in itunesconnect and they are the contacts information and the tax information.

    Is it important to fill up the contact info and tax info? I am not from US so I do not have US tax information. Will it affect me getting payment from my apps?
     
  8. macrumors 603

    Joined:
    Jul 29, 2003
    Location:
    Silicon Valley
    #8
    You can't even start selling apps in the App store, much less get paid, until the paid apps contract is processed and accepted. For a one-man shop, you can just duplicate your contact info for all the other contacts. Not sure if you need an EIN if you are a foreign national outside of the U.S.

    You can withdraw money from your bank account after Apple transfers funds into it (when they are good and ready, but the contract says within 45 days after close of their fiscal month, assuming your sales meet one of the thresholds.)
     
  9. Moderator

    dejo

    Staff Member

    Joined:
    Sep 2, 2004
    Location:
    The Centennial State
    #9
    You might want to have a look at the iTunes Connect FAQs (paid developers only) to see if it answers any of your questions. There's a ton of info in there.

    Also, payments are no longer region-specific. All regions are lumped together and if you exceed the $150 USD threshold for the month, a payment is sent.
     

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