Yes – Steady payouts are made exclusively via PayPal, so you need a PayPal account to receive your money. Payouts by bank transfer are not possible; using PayPal ensures payouts reach you directly and minimises the risk of fraud and identity theft.
How it works: Enter your PayPal email address in the payout settings of your Steady backend. Payouts are made once a month: usually within 14 days of the end of the month in which you earned the money, and from a balance of €30.
More on this: “You haven’t received any money yet?” and “Which tax information we need for your payout”.
Payout to a bank account?
Payouts to your bank details (IBAN/account number) by bank transfer are not possible – Steady pays out exclusively via PayPal. So you store your bank details with PayPal, not with Steady.