Once you have received your royalties in your balance, you have two ways to payout.
1. Royalty payments deposited directly into your bank account
2. Royalty payments sent to your PayPal account
While both methods are available in most countries, we recommend you use bank payouts as it can save you money in fees compared to PayPal. To payout via bank deposit, please visit this link.
If you would like to proceed with paying out via PayPal, here's what you need to know.
How do I add my PayPal email?
From the Menu (โฐ), click on "Accounts" menu and select "here" under "Royalty payout details" There, you can add, edit or delete your PayPal recipients.
To add a new PayPal payout recipient, click on "Add new deposit account," scroll down, and select "Use PayPal instead."
After adding/editing a recipient, please make sure to check the email account you used to log in to Record Union and click on the recipient verification link included in that email. Verifying the recipient is essential before you can process any payouts.
If you donโt see the email in your inbox, please check your spam or junk folder, as it may have been redirected there.
Is there a fee for paying out via PayPal?
Yes, when paying out your royalties, PayPal applies fees to your balance which includes transaction, foreign exchange and transfer fees. The final fee is displayed before you confirm the payout. ๐
Before you make a payout, please make sure your PayPal email is accurate, and your PayPal account is open and active. PayPal still charges a fee for failed payouts and whenever this happens, we can't refund the fees unfortunately.
Is there a minimum/maximum amount when paying out via PayPal?
For PayPal the general minimum royalty payout amount is $1 and the maximum is $10,000.
If your balance is over the $10000 PayPal limit, please use bank payouts. You can learn more about it here.
I am getting a "Payment info missing" error message when I payout. What should I do?
Before you press the Payout button โ please make sure that you have added the correct billing information to your Record Union account. You can check and edit your billing and account information by going to the "Account" menu.
How soon can I receive my payout in my PayPal account?
PayPal payouts usually take a day or two to be received.
I have not received my PayPal payout and it's still on a pending status. What should I do?
If your payout has been pending for more than 2 days, please check your PayPal email address is correct and that your PayPal account is open, active and has no restrictions. If there are any issues with your PayPal account, please add a new PayPal email address into your account. Once you have verified this new PayPal email address, please reach out to our support team so we can cancel the pending payout. Please note that PayPal still charges fees even for unsuccessful payout attempts and we can't refund these fees.
My payout has been rejected, what should I do?
Please make sure your your PayPal email address is correct and that your PayPal account is open, active and has no restrictions. If there are any issues with your PayPal account, please add a new PayPal email address into your account. Once you have verified this new PayPal email address, you may make another payout attempt. Please note that PayPal still charges fees even for unsuccessful payout attempts and we can't refund these fees.