As of October 18th, 2021, Soundrop has upgraded our payout system to improve tax handling and payout options for creators around the globe. This change requires you to supply your tax information. For more information click here.
Soundrop processes sales reports and creates an account statement snapshot at the beginning of each month before issuing payments in the middle of that month.
When your balance reaches the payment threshold you have selected (minimum of $20.00), we’ll automatically send a payment via the method you have saved in your account for that month's statement. If you need help updating your payout method, click here. You must also have valid tax forms on file in order to get paid.
Your monthly statement reflects transactions from the following previous months' sales:
- 1-2 months: iTunes / Apple Music (downloads + streaming)
- 2-3 months: Pandora, Spotify, YouTube Music (streaming)
- 3-6 months: Deezer (streaming), Amazon (downloads + streaming)
Once your statement has been emailed, payments will follow within 1-2 days.
2022 Payout days:
We are currently unable to send payments to people in Russia, Belarus, the Donbas regions of Donetsk and Luhansk, and the regions of Zaporzhzhia and Kherson in Ukraine. We will continue to process payments to all other regions of Ukraine for as long as we are able, but there may be extreme delays.
Our banking partners have also suspended currency conversion to UAH (Ukrainian hryvnia), RUB (Russian Ruble), and BYN (Belarusian Ruble); all of those routes will now use USD Swift Wire.
A USD account and SWIFT account number will need to be set up in your artist account in order to receive payouts. Please note: Fees in this case are much higher than other payment methods ($25 per payment) so we suggest setting a minimum payout of $45 - $65.
Payments will be made beginning on or before the 15th! Here's each month's payday:
- January 13
- February 15
- March 15
- April 14
- May 15
- June 15
- July 14
- August 15
- September 15
- October 13
- November 15
- December 15
Payments will be issued if you have reached your payment threshold, provided payment information, and completed the tax form in your account.