If you’re an iPhone developer like me, and you’ve been making money but haven’t been paid yet, you’re probably asking the same questions I’ve been asking.
“When do I get paid?”, “When will Apple transfer my money?”, “Does iTunes Connect give me my money in one lump sum?”, “How long should I wait until inquiring about my money?”
Well, I can’t answer all of the questions, but I can shed some light with my experience with the whole deal.
Financial Reports
You must wait for these after the end of the fiscal month. Note that this is not the same as the calendar month, so don’t assume that you’ll get paid earning up to the 30th or 31st. The reports will start coming in about 10 or 11 days after the end of the fiscal month and may take 3 or 4 days before all the reports are ready.
You’ll get a report for each region.
- Australia
- US
- Canada
- UK
- Eurpoe
- Japan
- Rest Of World
Some have noted that they didn’t receive what they expected at all – some in the order of half of what they were expecting. My experience has been good though with differences only ranging in about +/- $5
Bank Payments
If a region reaches US$250 or more owing to you, then you can expect payment into the bank account you entered in iTunes Connect. Because each region is seperate, you will receive one payment from each of the regions that owe you more than US$250.
Payment for me occured in 14 days after the reports were ready, but some have claimed that Apple only pays on the 2nd of the month (obviously not in my experience)
Be warned that your bank may charge you steeply for incoming foreign currency transfers. In my case I was charged $15 PER REGION. So it really adds up if you’re not prepared. Talk to your bank – if you’re rolling in cash they’ll be more than happy to come to an agreement