In the world of music distribution, DistroKid has become a popular choice for independent artists looking to get their music out to the masses. One question that often arises for artists using DistroKid is when they can expect to receive their payouts. Understanding the payout schedule can help artists plan their finances and set realistic expectations for their earnings.
How Does DistroKid’s Payout Schedule Work?
DistroKid has a straightforward payout schedule that is designed to benefit artists. Artists can choose to receive their payouts either monthly or quarterly, depending on their preference. Monthly payouts are available for artists who have earned at least $5 in royalties, while quarterly payouts are available for artists who have earned at least $20. Once the minimum threshold is met, artists can expect to receive their payouts within 2-3 weeks.
It’s important to note that the payout schedule may vary depending on the payment method chosen by the artist. For example, artists who choose to receive their payouts via PayPal may experience a slight delay due to processing times. However, DistroKid strives to ensure that artists receive their payouts in a timely manner.
Monthly Payouts
For artists who choose to receive monthly payouts, DistroKid will process payments on the 15th of each month. This means that artists can expect to receive their earnings from the previous month on the 15th of the following month. For example, earnings from January will be paid out on February 15th.
Monthly payouts are a popular choice for artists who prefer to receive a steady stream of income throughout the year. This can be especially beneficial for artists who rely on their music earnings to support themselves financially.
Quarterly Payouts
For artists who choose to receive quarterly payouts, DistroKid will process payments on the 15th of April, July, October, and January. This means that artists can expect to receive their earnings from the previous quarter on these dates. Quarterly payouts are a great option for artists who prefer to receive larger lump sums of money less frequently.
Some artists may choose to switch between monthly and quarterly payouts depending on their financial needs and goals. DistroKid allows artists to easily change their payout preferences through their account settings.
Conclusion
Understanding DistroKid’s payout schedule is essential for artists who are looking to make a living from their music. Whether you prefer monthly payouts for a steady income stream or quarterly payouts for larger lump sums, DistroKid offers flexibility to meet your needs. By staying informed about the payout schedule and setting realistic expectations for your earnings, you can better plan your finances and focus on creating the music you love.
FAQs
1. Can artists track their earnings in real-time on DistroKid?
Yes, DistroKid provides artists with real-time earnings tracking through their dashboard. Artists can easily see how much money they have earned from streaming and downloads, as well as track their payouts.
2. Are there any fees associated with receiving payouts from DistroKid?
DistroKid does not charge any fees for payouts. Artists will receive the full amount of their earnings without any deductions.
3. What happens if an artist does not meet the minimum threshold for payouts?
If an artist does not meet the minimum threshold for payouts in a given month or quarter, their earnings will roll over to the next payout period. Once the minimum threshold is met, the artist will receive their earnings as scheduled.
4. Can artists choose to receive their payouts via direct deposit?
Yes, DistroKid offers direct deposit as a payment option for artists. This allows artists to receive their earnings directly into their bank account, providing a convenient and secure way to access their money.
5. How can artists ensure that their payouts are processed smoothly and efficiently?
To ensure that payouts are processed smoothly and efficiently, artists should make sure that their payment information is up to date in their DistroKid account. This includes verifying their payment method and ensuring that all necessary details are correct.
