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Payout methods, fees, and payment thresholds

  • Updated

Soundrop offers several ways to receive your earnings. Available bank transfer options and fees vary depending on your location.

What payout methods are available?

Soundrop supports:

  • Bank transfer, including Direct Deposit, ACH, IACH, EFT, EUR SEPA, and eligible wire transfers
  • PayPal

The options available to you may depend on your location and banking information.

Payout fees

Within the US:

  • Bank transfer: $2
  • PayPal: Free

Outside the US:

  • Bank transfer: $2
  • Wire in local currency: $10
  • Wire in USD: $25
  • PayPal: Free

SWIFT wire transfers

SWIFT wire transfers have higher fees than other payout methods.

After payment fees and any applicable tax withholding are deducted, at least $20 USD must remain for a SWIFT wire payment to be issued.

If you use SWIFT wire transfer, we recommend setting your payment threshold to at least $45.

What is the minimum payment threshold?

Your payment threshold determines how much your Soundrop balance must reach before a payment is issued. The default threshold is $20 USD. You can set a custom threshold between $20 USD and $1,000 USD. The currency used for your payment threshold cannot be changed.

How to change your payment threshold

  1. Log in to your Soundrop account.
  2. Select Account.
  3. Open the Account Info tab.
  4. Scroll to Payout Preferences.
  5. Find Min. payout threshold.
  6. Enter an amount between $20 and $1,000 USD.
  7. Save your changes.

Payment restrictions for some regions

  • Soundrop is currently unable to send payments to people in Russia, Belarus, the Donbas regions of Donetsk and Luhansk, and the regions of Zaporizhzhia and Kherson in Ukraine.
  • Payments to other regions of Ukraine may experience significant delays.
  • Currency conversion to UAH, RUB, and BYN is also currently unavailable through Soundrop's banking partners. Affected payment routes use USD SWIFT wire transfers instead.
  • To receive these payouts where supported, you will need a USD account and SWIFT account number.
  • USD SWIFT wire transfers have a $25 fee per payment, so consider setting a higher payment threshold to reduce the impact of payment fees.