As soon as your account contains the respective minimum balance, we will draw up a monthly credit note of your remunerations by no later than the fifteenth working day of the following month. The minimum balance amount depends on your selected currency in your account and is specified here. Within 15 working days of the credit note being drawn up, we will pay the balance of the credit note in the respective currency.
Requirements for paying out your remuneration
In order to be able to pay out your remuneration, we need the following information from you:
- Your correct name and your valid address: Enter these in your account by going to Personal information.
- Your payment details: Add or edit this information under Bank details.
- Only Shop owners outside of Germany: Your Tax Identification Number (TIN). Enter this in your account under Payment data & tax status.
You are resident or based outside of Germany
If the country in which you are resident/based isn’t Germany, then in addition to your name and address we also need your Tax Identification Number. If you are a US citizen, it is up to you whether you provide your Social Security Number (SSN), your Employer Identification Number (EIN) or your Taxpayer Identification Number (TIN). If you don’t provide a correct tax ID, we will generally be required to retain withholding tax of 15% of your remuneration from the Design Price plus an additional 5.5% solidarity surcharge (German Solidaritätszuschlag).
Depending on the country in which you are resident/based, a withholding tax may also be payable on your remuneration from the Design Price. For more information on the deduction of tax, please refer to this article.
The country in which you are resident/based is Germany
If the country in which you are resident/based is Germany, you don’t need to provide a Tax Identification Number. As long as we have your correct name and address, you will be paid your remuneration in full. Unfortunately we are unable to make any payments if you have not stored your name and address correctly. If this is the case, please enter your correct details as soon as possible.
Information about payment options with SEPA and PayPal
In the ‘Financial administration’ section of your user account, you’ll find two payment options: SEPA transfer to a German or other European current account, or PayPal transfer. We only make SEPA transfers in the currencies EUR and GBP; with PayPal we can transfer in any currency. If you haven’t provided a PayPal account, we reserve the right to make payments in euros. Currency conversions are conducted using the respective exchange rates of the German Central Bank.