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Are There Fees When I Request a Payout?
When you request a payout from your iMusician account, there may be transfer fees depending on your payout method. Here's a breakdown of the fees you might encounter:
1. Bank Transfer Fees
Depending on your country, there are different fees for bank transfers:
- EU countries: €0.40 per transaction
- Switzerland: €0.28 per transaction
- Other non-EU countries: The fee varies depending on your bank. Please consult with them directly for further details.
To initiate a payout via bank transfer, you will need to provide a valid IBAN and full bank account holder details. If you don’t have an IBAN, we recommend using a payment provider that issues SEPA IBANs, such as WISE or REVOLUT. Alternatively, you can request your payout via PayPal.
2. PayPal Fees
On iMusician's side, there are no transaction fees for PayPal payouts. However, please note that PayPal charges a fee for receiving payments, and the fee amount depends on the country and the total amount being received. Please consult PayPal directly for further details.
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