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Itchio taking more than 50% of the payout?

A topic by Aason created Jun 30, 2022 Views: 1,358 Replies: 6
Viewing posts 1 to 3

Hi, 

I'm kinda new around here. I made some money selling my game, 44$ precisely.

When I go to the payout page, Itch io tells me that I can only take 21,27$. 

All the payments are older than 7 days. I don't understand.

(+1)

Heya there!

To figure things out, I would check your revenue settings found here: https://itch.io/user/settings/seller/revenue-sharing The default should be 10%!

Secondly, check your tax page here and see what the withholding rate is: https://itch.io/user/settings/seller/tax-information

Since that can often be the largest deduction of earnings depending on what it's set as, and if you've correctly configured that or not--and depending on your country, sometimes the withholding rate can be reduced or non-existent at all. Payment processor fees can also factor into things, too--though I'm not sure if it gives you a full breakdown of the calculations until you initiate your first payout.

Thanks for your answer, FrostWorks! 

I tried changing the revenue setting, the payout doesn't change. Is that normal? 

I also redid the tax information, adding my (french) TIN. I don't know if it's going to change anything, do I need to wait for anoter review of the tax info?

(+1)

Happy to help where I can!

The payments already made won't change retroactively as far as I know, no, but will affect any future payments. I'm not well versed on french taxes admittedly, so you'd need to see if they have a tax treaty with the US or not. Did you have a default holding rate of 30% beforehand? As that can certainly take a large chunk of the transactions.

Oh, so even if I didn't cash the money, the tax part was already taken?

Yes, it was 30% tax + 10% for Itch.io. But I still don't understand why I'm left with less than 50% of the total.

I believe so--but one of the staff can clarify if I'm wrong on that front, as I wouldn't want to accidentally spread misinformation.

You'd get a bigger and more precise breakdown of the calculations when you initiate the payout I believe, since there's all sorts of external factors like payment processing fees and such. It's all quite transparent about where the money is going, I think!

(+1)

Well, thanks for your time and all your answers, kind sir!

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