iTunesconnect Earnings: How to withdraw?

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

  1. johngarland macrumors newbie

    Jan 30, 2011
    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. fishkorp macrumors 68020


    Apr 10, 2006
    Ellicott City, MD
    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. johngarland thread starter macrumors newbie

    Jan 30, 2011
    Thanks for the reply. How much is the minimum threshold?

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


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

    Jan 30, 2011
  6. 87vert macrumors 6502


    Oct 7, 2008
    Pittsburgh, PA
    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

    johngarland thread starter macrumors newbie

    Jan 30, 2011
    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. firewood macrumors 604

    Jul 29, 2003
    Silicon Valley
    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. dejo Moderator


    Staff Member

    Sep 2, 2004
    The Centennial State
    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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