Over the coming weeks, users will be invited to set up their payout information using our new payout experience. In the future, all users will be required to move to the new system, so we recommend getting set up once your account is eligible to avoid any disruption.
The new payout experience makes it easier to manage your payout information. You’ll be able to change your payout recipient or payment method without having to resubmit all of your details each time.
When your account is eligible, you’ll see a banner on the broadcast page directing you to the new form.
Your existing payout information will remain valid until you complete and submit your new payout information.
Updating Your Payout Information
You’ll be guided through three steps:
- Payout Recipient Profile
Select a verified user on your account as the payout recipient, or add a new recipient and complete verification. - Tax Information
Submit tax information when required. This is required in the US and may be required in other applicable regions. If you are based in the European Union (EU), please see DAC7: What You Need to Know. - Payout Information
Select your payout method and submit the required details. The available payout methods remain the same as before.
Managing Your Payout Information
Payout recipient, tax, and payout information can be managed independently, so you won't always need to resubmit everything when making a change.
You can also have multiple payout methods on file and choose which one is active.
We plan to continue improving the experience, including providing more detailed payout status information in the future.