We have recently upgraded to the world-class partner payment provider, Tipalti, to enhance our family of partner services. Tipalti is considered to be the world’s most powerful and professional payment platform and is specifically designed to help make your experience getting paid by Vydia even better.
In order to receive payment through our new platform, please complete the very simple payee registration process. It should only take a few minutes. Please go to the following page and complete your payee registration information and payment details: Vydia Dashboard
DISCLAIMER: Please note that Vydia is unable to provide tax advice. Any tax-related information posted on this website is not intended and should not be construed as tax, legal or investment advice. If you have questions about tax-related issues, please consult with a tax professional.
What benefits do you get by registering today?
- Faster and automated payments with one-time setup
- The ability to choose from a variety of payment methods and currencies with which to receive your earnings
- Enterprise-grade security, ensuring your payment information is maintained at the highest security level available
What types of payment methods are available?
We currently offer ACH (US), Wire Transfer (US), International ACH (e-check), Paper Checks, and Paypal.
What types of currencies will I get paid?
Most major currencies are available. After you select your geography on the onboarding page, it will show the currency applicable and it is usually the local currency in the particular region.
How long is the processing time?
Vydia releases your payout about 1-2 business days after receipt of payments from partner networks. The time it takes for the funds to arrive in your account depends on your payout method. After Vydia releases the payout, it takes some additional time for the money to get to you. The average processing time for each payout method is:
- Domestic ACH: Up to 3 business days
- Bank transfer or international wire: 3–7 business days
- Paper Cheques: 3-7 business days
- PayPal: Within 1 business day
Weekend or holiday delays:
Many banking systems don’t process transactions on weekends or holidays. If your payout from Vydia is completed between Friday and Sunday, it might not be processed until the next week.
What kind of currencies are available for each country and payment method?
The following table lists supported payment methods for each country on the Tipalti Solution when the funding currency is US dollars (USD). “T” refers to the Value Date assigned by the bank to a payment instruction.
Why can I not request withdrawals any more?
There will no longer be any need to request withdrawals of your earnings. The monthly earnings will be sent to your account automatically via the payment method of your choice.
What are the fees for the payments?
|Paypal||$1.00 for every $10,000 Transaction|
|Paper Check||$3.00 / Transaction|
|ACH/Local Bank Transfer||$1.00 / Transaction|
|ACH/Local Bank Transfer (UK)||$1.50 / Transaction|
|International ACH||$5.00 / Transaction|
|Wire Transfer – U.S.||$15.00 / Transaction|
|Wire Transfer – Non U.S. in USD||$26.00 / Transaction|
|Wire Transfer – Non U.S. in non-USD||$20.00 / Transaction|
|Foreign Exchange Rate (Under $5k)||2.5%|
|Foreign Exchange Rate (Over $5k)||1.9%|
Our partner payment platform Tipalti charges fees to each transaction. The fees will be deducted from the payout. Vydia does not charge any fees for payments. You will be informed of the fees charged based on the payment method, before you proceed to the next step.
Will I have to pay taxes on my earnings?
Vydia is required by United States tax laws to collect certain tax-related information. You may have to pay taxes on your earnings. Please note it is your responsibility to understand and comply with any and all applicable tax laws. For specific information regarding U.S. tax requirements, please visit the IRS website or consult with a tax professional.
What if I don’t have a tax I.D.?
If you are a U.S. business or individual, or a non-U.S. business with U.S. Activities, as described on our Tax Information Page, and you do not have a tax I.D. such as a Taxpayer Identification Number or Social Security Number, you’ll need to acquire one. We suggest that you obtain your TIN as soon as possible. Please note that the process of obtaining a TIN may take several weeks. You can visit the Internal Revenue Service (IRS) website for more information on obtaining a U.S. TIN.
Non-US Residents: You will be prompted to fill out a W8-BEN form.
Am I subject to US Tax withholdings (non-US residents)?
You may be subject to US Tax withholdings if you are not a US resident, and may be exempt if:
- You are a resident in a country with a tax treaty
- You qualify for non-US activities
If the Certificate of No US Activities has been signed, withholding rates are not applicable for W-8BEN and W-8BEN-E tax forms. If you believe you qualify for non-US activities, the option will appear when you fill out your W8-BEN.
For specific information regarding U.S. tax requirements, please visit the IRS website U.S. Tax Withholding on Payments to Foreign Persons.
What is a certificate of No US Activities?
The Certificate of No US Activities only applies to “Other Income” and “Artists and Athletes” income types. If the certificate has been signed, withholding rates are not applicable for W-8BEN and W-8BEN-E tax forms. If the certificate has not been signed and:
- The payee is an individual, he / she is directed to the 8233 tax form. The withholding rate is 0% until the yearly limit of the country has passed OR the withholding rate is 30%.
- The payee is a company, the payee must complete the W-8BEN-E tax form. The withholding rate is 0% until the yearly limit of the country has passed OR the withholding rate is 30%.
What are US Activities?
United States (US) Activities involve having employees or owning equipment in the US that are involved in any way with monetization revenue earned. This includes, but is not limited to the development of the content.
The IRS defines business activities as: “The regularity of activities and transactions and the production of income are important elements.” See: Business Activities
What should I do if I cannot continue to the next screen or am having trouble filling out a form?
Our customer service team is readily available to help you with any questions or issues you may have during the registration/onboarding process. We will do our best to help you to register/onboard to receive your payments.