Your balance will be credited to your account. As soon as your account has reached the minimum balance, any payable balance will be settled by us on a monthly basis. The minimum balance depends on the currency you selected in your Partner Account. It is specified here. On the fifteenth business day of the following month, we’ll settle the balance on your account. It can take up to 15 business days for the money to get into your bank account upon clearance.
Requirements for making a transfer payment
Please state the following information in your account so we can transfer your credit:
- Your correct name and your valid address in the "Personal information” section
- Your payment information in "Payment datas"
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.