Once a month Steady makes a payment to your PayPal account. Payments occur in the following month, i.e. earnings for January will be transferred in February.
You will receive a detailed statement by email. You can also download a PDF in the backend.
How your payout amount is calculated
We will transfer your net income after deductions:
Steady’s commission (10% of your gross sales)
Transaction costs (these vary depending on the payment method)
VAT from the membership fees, which we pay directly to the tax office (the amount varies according to what kind of project you're running and the country of residence of the each member).
In addition, we pay you your VAT based on your individual VAT rate. In Germany this is either 0%, 7% or 19%. For creators from a country other than Germany, the “Reverse Charge" mechanism applies, where no VAT is charged or transferred.
Billing examples
Since the amount of VAT varies according to the type of project and the country of residence of its members, here are four examples where different VAT rates apply:
Billing example 1: a podcast whose members all live in Germany
Creator's country of residence: Germany
Members’ country of residence: 100% from Germany
Type of project: Podcast
VAT rate paid by members: full VAT rate (19%)
Currency: Euro
Creator's VAT rate: 19%
1. Membership sales by Steady During the billing period, we have received payments (gross revenues) from the sale of memberships to your project at the respective gross end customer price of: | €1,554.88 |
The following conditions are taken into account: - 200 monthly and 59 annual memberships (pro rata) - Refunds and chargebacks of €30.00 |
|
This gross revenue includes value added tax (VAT): | €248.26 |
We therefore calculated the following net membership sales: | €1,306.62 |
2. Your earnings in EUR Your income is based on net membership sales in the accounting period to the amount of: | €1,306.62 |
Steady keeps 10% of gross subscription sales: | €155.49 |
Steady also forwards the payment fees for PayPal, credit cards and direct debit to you: | €104.72 |
This results in net earning amounting to: | €1,046.42 |
3. Your payout in EUR We pay you net earnings of: | €1,046.42 |
Since you usually have to pay VAT (Umsatzsteuer) on your net earnings, we also pay you a VAT share which results from your VAT rate (19%) on your net earnings: | €198.82 |
Net earnings and VAT result in a gross payout to you amounting to: | €1,245.24 |
Billing example 2: a magazine, blog or newsletter whose members all live in Germany
Creator's country of residence: Germany
Members’ country of residence: 100% from Germany
Type of project: magazine, blog or newsletter
VAT rate paid by members: reduced VAT rate (7%)
Currency: Euro
Creator's VAT rate: 19%
1. Membership sales by Steady During the billing period, we have received payments (gross revenues) from the sale of memberships to your project at the respective gross end customer price of: | €1,554.88 |
The following conditions are taken into account: - 200 monthly and 59 annual memberships (pro rata) - Refunds and chargebacks of €30.00 |
|
This gross revenue includes value added tax (VAT): | €101.72 |
We therefore generated the following net membership sales: | €1,453.16 |
2. Your earnings in EUR Your income is based on net membership sales in the accounting period to the amount of: | €1,453.16 |
Steady keeps 10% of gross subscription sales: | €155.49 |
Steady also forwards the payment fees for PayPal, credit cards and direct debit to you: | €104.72 |
This results in net earning amounting to: | €1,192.95 |
3. Your payout in EUR We pay you net earnings of: | €1,192.95 |
Since you usually have to pay VAT (Umsatzsteuer) on your net earnings, we also pay you a VAT share which results from your VAT rate (19%) on your net earnings: | €226.66 |
Net earnings and VAT result in a gross payout to you amounting to: | €1,419.62 |
Billing example 3: a podcast whose members all live in the Netherlands
Creator's country of residence: the Netherlands
Members’ country of residence: 100% from the Netherlands
Type of project: Podcast
VAT rate paid by members: full VAT rate (21%)
Currency: Euro
Creator's VAT rate: n/a
1. Membership sales by Steady During the billing period, we have received payments (gross revenues) from the sale of memberships to your project at the respective gross end customer price of: | €1,554.88 |
The following conditions are taken into account: - 200 monthly and 59 annual memberships (pro rata) - Refunds and chargebacks of €30.00 |
|
This gross revenue includes value added tax (VAT): | €269.86 |
We therefore generated the following net membership sales: | €1,285.02 |
2. Your earnings in EUR Your income is based on net membership sales in the accounting period to the amount of: | €1,285.02 |
Steady keeps 10% of gross subscription sales: | €155.49 |
Steady also forwards the payment fees for PayPal, credit cards and direct debit to you: | €104.72 |
This results in net earning amounting to: | €1,024.82 |
3. Your payout in EUR We pay you net earnings of: | €1,024.82 |
Information on VAT: the recipient's tax liability under the reverse charge procedure applies. |
|
Billing example 4: a magazine, blog or newsletter whose members all live in the Netherlands
Creator's country of residence: Netherlands
Members’ country of residence: 100% from the Netherlands
Type of project: magazine, blog or newsletter
VAT rate paid by members: reduced VAT rate (9%)
Currency: Euro
Creator's VAT rate: n/a
1. Membership sales by Steady During the billing period, we have received payments (gross revenues) from the sale of memberships to your project at the respective gross end customer price of: | €1,554.88 |
The following conditions are taken into account: - 200 monthly and 59 annual memberships (pro rata) - Refunds and chargebacks of €30.00 |
|
This gross revenue includes value added tax (VAT): | €128.38 |
We therefore generated the following net membership sales: | €1,426.50 |
2. Your earnings in EUR Your income is based on net membership sales in the accounting period to the amount of: | €1,426.50 |
Steady keeps 10% of gross subscription sales: | €155.49 |
Steady also forwards the payment fees for PayPal, credit cards and direct debit to you: | €104.72 |
This results in net earning amounting to: | €1,166.29 |
3. Your payout in EUR We pay you net earnings of: | €1,166.29 |
Information on VAT: the recipient's tax liability under the reverse charge procedure applies. |
|
Got a question we haven’t answered in our Help Centre? You can contact us at support@steadyhq.com.