Understanding the timeline for receiving royalty payments is crucial for effective financial planning. Here’s what you can expect:
1. Initial Payment Timeline
- First Royalty Payment: It typically takes around 3 months to receive your first royalty payment after your music has been distributed. This timeframe accounts for the processing and reporting periods associated with streaming platforms and other distribution channels.
2. Payment Threshold
- To receive your royalty payment, you must have earned more than $100. This threshold ensures that transactions are efficient and cost-effective.
3. Payment Processing
- Once you meet the payment threshold, your royalties will be processed, and payments will be sent to your linked Payoneer account. Payments are typically issued by the end of the month in which you reach the threshold.
4. Ongoing Payments
- After your first payment, subsequent royalty payments will follow a similar schedule, allowing you to receive your earnings on a regular basis as long as you continue to meet the threshold.
By understanding this timeline, you can better manage your expectations regarding royalty payments and plan your finances accordingly.