How Does the Payout Work?
Steady sends you a monthly payout to your PayPal account. Earnings for one month are paid out the following month (e.g., January earnings are paid in February). You'll receive a detailed credit note via email or you can download it as a PDF in the backend.
How Your Payout is Calculated
Your net earnings are calculated as follows:
Gross Sales
Total membership revenue minus refunds and failed payments.Deductions:
Steady’s commission: 10% of your gross sales.
Payment Processing Fees: These vary depending on the payment method.
Value-Added Tax (VAT): Collected from membership payments and submitted to the tax authorities. VAT rates depend on the type of publication and the members' country of residence.
VAT Refund:
Based on your individual VAT rate (e.g., 7%, 19%, or 0% for VAT-exempt small businesses in Germany), Steady pays you the VAT portion of your net earnings. For creators outside Germany, the reverse-charge procedure applies, so no VAT is charged or paid.
Example Calculations
1. Podcast (Members in Germany, 19% VAT):
Gross Sales: €1,554.88
Net Earnings After Deductions: €1,046.42
Additional VAT Refund (19%): €198.82
Total Payout: €1,245.24
2. Magazine/Blog (Members in Germany, 7% VAT):
Gross Sales: €1,554.88
Net Earnings After Deductions: €1,192.95
Additional VAT Refund (19%): €226.66
Total Payout: €1,419.62
3. Podcast (Members in the Netherlands, 21% VAT):
Gross Sales: €1,554.88
Net Earnings After Deductions: €1,024.82
Note: VAT is handled via the reverse-charge procedure.
4. Magazine/Blog (Members in the Netherlands, 9% VAT):
Gross Sales: €1,554.88
Net Earnings After Deductions: €1,166.29
Note: VAT is handled via the reverse-charge procedure.
Important Notes
Steady Emails: Ensure you receive emails from Steady to avoid missing critical payment details.
Individual VAT Rate: Make sure to set your VAT rate correctly in your account settings.
Reverse-Charge Procedure: For creators outside Germany, VAT is neither charged nor refunded.
This guide helps you understand how your earnings are calculated and ensures you're prepared for your tax obligations.