How to Collect Your Money from Twitch
Collecting your earnings from Twitch can be a straightforward process if you follow the right steps. Whether you’re a content creator or a partner with the platform, ensuring that you receive your money efficiently is crucial. In this article, we’ll guide you through the process of collecting your money from Twitch, including setting up your payment method and understanding the fees involved.
Step 1: Set Up Your Payment Method
The first step in collecting your money from Twitch is to set up a payment method. To do this, you’ll need to have a verified PayPal account or a bank account. Follow these steps to set up your payment method:
1. Go to your Twitch dashboard and click on “Settings.”
2. Under the “Payment & Income” section, click on “Bank Accounts” or “PayPal.”
3. If you’re using PayPal, follow the prompts to link your account. If you’re using a bank account, you’ll need to enter your routing and account numbers.
4. Click “Add Bank Account” or “Add PayPal Account” to complete the process.
Step 2: Verify Your Payment Method
To ensure the security of your earnings, Twitch requires you to verify your payment method. This process typically involves transferring a small amount of money from your bank account or PayPal account to your Twitch account and then confirming the amount on Twitch. Follow these steps to verify your payment method:
1. Once you’ve added your payment method, Twitch will send a small test deposit to your account.
2. Log in to your bank account or PayPal account and check for the deposit.
3. Go back to your Twitch dashboard and enter the exact amount of the test deposit.
4. Click “Verify Bank Account” or “Verify PayPal Account” to complete the verification process.
Step 3: Check Your Earnings
After you’ve set up and verified your payment method, it’s important to regularly check your earnings. Twitch provides a detailed breakdown of your earnings, including tips, subscriptions, and other revenue sources. To check your earnings:
1. Go to your Twitch dashboard and click on “Settings.”
2. Under the “Payment & Income” section, click on “Earnings.”
3. Here, you’ll find a detailed breakdown of your earnings, including the dates and amounts of each transaction.
Step 4: Withdraw Your Earnings
When you’ve earned enough money, you can withdraw your earnings from Twitch. Here’s how to do it:
1. Go to your Twitch dashboard and click on “Settings.”
2. Under the “Payment & Income” section, click on “Withdraw Funds.”
3. Choose the payment method you want to use (PayPal or bank account) and enter the amount you wish to withdraw.
4. Click “Submit” to initiate the withdrawal process.
Step 5: Understand the Fees
It’s important to be aware of the fees associated with collecting your money from Twitch. Twitch takes a 5% fee on all sales, including subscriptions, donations, and tips. Additionally, PayPal and your bank may charge their own fees for processing transactions. Be sure to read the terms and conditions of each service to understand the fees involved.
In conclusion, collecting your money from Twitch is a relatively simple process if you follow these steps. By setting up a payment method, verifying it, checking your earnings, and withdrawing your funds, you can ensure that you receive your hard-earned money efficiently. Always keep track of the fees involved to make informed decisions about your earnings.
