The balance page is where you can see your upcoming and past payouts. If you have recently created your account, or you have been notified about irregularities on your account, you will see that your account is under review. Gumroad Unlike your sales dashboard or your customers tab, your balance page is not where you would go to see your most up-to-date sales. The balance page shows you how much you have made, and will be paid, from the current payout period. If you've tried paying for a product on Gumroad using PayPal, you were probably hit with a message about allowing recurring payments from Gumroad. Gumroad still serves as the Merchant of Record in jurisdictions where that matters. Make sure your Preferenced Payments methods are "checked" in both Online and In-store sections. We recommend connecting a PayPal account, offering PayPal as a checkout option materially improves conversion rates, especially for customers outside of the United States. PayPal Connect goes live for all creators on January 1, 2021. Gumroad's approach to sales tax is unchanged. There are some people who report that there are times you can only use PayPal with Gumroad via credit card purchases. If you choose not to connect a PayPal account, customers will still be able to make purchases by credit card and, when it goes live, Apple Pay. To make that more clear... We have to hold onto money you've made from your sales for at least 7 days. No fees whatsoever! With it you can embed products on any site, set up a custom domain, and build powerful automations. Recurring PayPal Payments? Gumroad pays its sellers every Friday via Direct Deposit (for creators in the USA, Canada, the UK, and Australia) or PayPal (everyone else).” When your payments are successfully processed, you can transfer your Gumroad account balance directly into your bank or PayPal account. 2021. You can copy and paste the whole key (include the "-" dashes) to activate. How can my customers pay? So don't be alarmed if you see a slight mismatch in the sales amount for the same dates. When we first announced the upcoming switch, creators from around the world let us know their concerns about how this will affect their tax, accounting, and compliance statuses. Gumroad also makes it easy to ensure that people aren't accessing your content without your permission. In short, if you want an accurate, up-to-date running tally of your of your sales, see the sales page. For those who haven’t heart of it yet, Gumroad is basically a great platform that allows creators to sell their products / creations online in a super easy way. Click on "Payment" tab (on blue band). You can also get a PayPal Cash account or PayPal Cash Plus account by applying for or enrolling in any of the features or products available with each account. This provides you with a rundown of your sales in the past payout period, as well as Gumroad fees, chargebacks, refunds, and affiliate commissions that would be deducted from your payout. You have to have a card linked with your paypal for it to work (otherwise the paypal option will not be shown at all). A: The fees you pay to Gumroad cover ALL fees to PayPal. When you first purchase Opal, you will receive an email from "gumroad" - which is the download service I use. There was a problem submitting your feedback. If you have $45 in your Gumroad balance, you'll see $45 in your PayPal or bank account. We pay all the necessary fees to get your money there. Email support@gumroad.com with more information, and we'll respond promptly with any information we find about the charge. Gumroad does pay people via PayPal but they also have an option for direct deposit which is what I use. I do not want to use my cc or bank because of fees. How does Gumroad Discover work? Gumroad is a service for creators to sell their work. For a thorough explanation on reviews, please see https://help.gumroad.com/article/13-getting-paid. Their fee is 5% + $0.25. PayPal; We accept some debit cards, but do not support Bitcoin, Stripe, Skrill, animal pelts, or moon rocks as payment forms. I think it’s unrealistic. So, to clarify, what looks suspiciously like a fee is simply a debit. For example, I’ll get a deposit in my account this Friday, on the 5th, but then I … If Gumroad allows us to do that kinda system (change the price afterward, and force customers to pay the balance or something), soon some vicious people abuse this and Gumroad would lose its credibility in a moment, so would Paypal. PayPal payments are shown in USD as all transactions on Gumroad are processed in USD. A guide to buying on Gumroad. The Transaction CSV (the immutable record of transactions you can download from the Balance page) has an additional column to see if a purchase was made through PayPal directly. The 14 Day Product Challenge Begins Monday! Also, COMING SOON: We will start allowing payments via Apple Pay as well (tentative Q2-2021)! The balance page is where you can see your upcoming and past payouts. Underneath each payout, after you've been paid out, you can export a CSV of the sales that comprise this payout. We held off on the change until Jan 1, 2021 so that your 2020 records will be entirely uniform. This takes place even with a sitting PayPal balance in the account. Gumroad pays its sellers every Friday via Direct Deposit or debit card (for creators in the USA, Canada, the UK, and Australia) or PayPal … They are all good things, kind of a "silver linings" situation. Despite the wording it always takes cash off your paypal balance, not the card itself (even tho it … → charge date (the date that your statement says you were charged) → charge amount (the price you were charged) → card details (last 4 and expiry date) or PayPal invoice ID Paypal Home. Gumroad accepts paypal, however for some folk it may not work. Moreover, if you live in the USA, UK, Australia, or Canada, you must receive payments in your bank account. Making this infrastructure change required changing our fee structure for PayPal transactions. Every Friday Gumroad pays its sellers every Friday via Direct Deposit (for creators in the USA, Canada, the UK, and Australia) or PayPal (everyone else). If you have $45 in your Gumroad balance, you'll see $45 in your PayPal or bank account. Because of this popularity, many physical stores accept Paypal payments, so that clients can use their PayPal balance. If you have connected your account to PayPal Connect under Payments in your Settings then the sales you've made through PayPal will be displayed on this page as well. If you have a Gumroad Premium account, your fee for PayPal transactions will be 1% (note that PayPal assesses its own transaction fees as well). For example, if a payday lands on Friday the 14th, you will be paid that day for all sales made up to midnight of Friday the 7th. So, when your credit card statement or PayPal dashboard shows "Gumroad" payments, that just means you've supported a creator who uses Gumroad! I do not know if this is related to the other things that have been going on, but I do not have a credit card linked to my paypal. Balance Page On the balance page, we show your total sales, and then subtract any sales paid out instantly to PayPal to show the net amount that you receive in your weekly payout. These are your net sales - in other words, how much customers have paid for your products. This ham-fisted messaging was written by PayPal and lacks any nuance or explanation for what their policy actually entails. Your account balance is deposited to your bank (in the US, UK, Australia, or Canada), debit card (in the US), or PayPal account every Friday. Gumroad still serves as the Merchant of Record in jurisdictions where that matters. I have however both verified myself with ID and have my bank linked, as well as funds enough to pay the $5 for the thing on Gumroad that I am trying to buy. Click the three lines next to TOTAL to see a full breakdown of all of your sales. PayPal is owned by eBay. Gumroad's approach to sales tax is unchanged. The balance page is, again, not a place to see *all* of your sales. logged out logged back in. In that email, you will receive your license key. This will be shown directly at the top of the page. If you have $45 in your Gumroad balance, you’ll see $45 in your PayPal or bank account. We have seen instances of banks taking strong security measures (among them, cancellation) after debit cards were used on Gumroad. In other words, when you make a sale, the money from that sale has to sit in your balance for at least 7 days. Login to your account. No Discover fees. This issue apparently still occasionally exists. Unlike your sales dashboard or your customers tab, your balance page is not where you would … After your account has been reviewed, you will see your first payout date. Gumroad's approach to sales tax is unchanged. PayPal Personal: With a Personal account, you can make payments to almost anyone with an email address. Those sales (from the 7th - 14th) are allocated to the payout that would take place on Friday the 21st. Another difference is that the Balance page adheres to UTC (Coordinated Universal Time) while the Sales dashboard syncs to your account's timezone. Powered by Help Scout. How is the no-fee part implemented? However, the reason they charge more is because they do much more. For creators without a premium account, the additional 5% transaction fee still applies. Our Head of Community, Randall Kanna, has put together another challenge and workshop to help you kick off your new year as a creator! Please try again later. Each payout is listed there, with your total amount of sales, Gumroad's fees, as well as refunds, chargebacks, or affiliate fees that are taken out of your gross sales. That means you do not pay PayPal for anything, ever. https://help.gumroad.com/article/13-getting-paid. The lightweight DRM protects you from people trying to copy digital content without paying for it. What is Gumroad? So, even if your balance reaches the threshold on Monday, you will have to wait till Friday to get the money. You will then see the "PayPal Payouts" line under the fees. We host their files, process their payments, and deliver their files to their customers. still no option to use my balance. We'll be making a couple more announcements in the coming month about small tweaks we've been able to make to Gumroad's legal & financial infrastructure and VAT remittance inspired by the work on PayPal Connect. Gumroad is still considered the seller for VAT purposes and will continue to collect and remit VAT in the appropriate jurisdictions. Balance Sheet + Income Statement + Financial KPIs Template This template was designed to calculate Financial KPIs based on Balance Sheet Statement and Income Statement information. Click on Settings button (top, right). Also I did put paypal balance as my preferred way to pay. I was trying to make a one time purchase on gumroad.com but I do not have the option to use my paypal balance that has more than the amount in usd. Gumroad still serves as the Merchant of Record in jurisdictions where that matters. You do not need to connect a PayPal account to use Gumroad, but you will need to connect a PayPal account if you want your audience to be able to pay you using PayPal. On Friday the 14th, you would not not be paid out for any sales made after midnight of Friday the 7th, UTC time. This money has already been paid out to your PayPal account directly, so we subtract them from your total sales: The top of the payout page shows you how much you've made in the past 7 days, the past 30 days, and the entire time you've had your account - after Gumroad's fees have been taken out. You can still issue refunds to customers who purchased through PayPal. While you can’t use your balance to send money or make purchases if you don't have a balance account, you can still receive payments and send money from your bank account, debit card, or credit card. Apologies for any confusion. Check out Paypal. No PayPal fees. When we transfer money to your account, WE pay the fees PayPal deducts from every transaction and you will receive 100% of what is in your Gumroad balance. PayPal offers 3 Account Types which all allow you to send and receive payments. We weren't able to find a match. Buy from millions of online stores without sharing your financial information. (I'm Canadian). Contact Us Contact Us, © Every payout you receive is for sales made up to the previous Friday. Shopping online shouldn't cost you peace of mind. If you live elsewhere, you can only receive your payments via PayPal. All for just 3.5% Like PayPal, Gumroad doesn’t charge a monthly fee, but their processing fee is higher than PayPal’s. As always, if you have any questions or concerns, please let us know at support@gumroad.com. Gumroad. You can export a CSV of each payout after it's been paid to you. After months of engineering effort and legal consultations to make this transition minimally disruptive, we're ready to go live with direct PayPal connection. This is a serviceI started using when I began selling a Physiology Study Guide on my Biology Blog. A couple of months ago, we announced that due to changes in PayPal's terms of service, we would transition to having creators accept payments from customers directly to their PayPal accounts when selling on Gumroad. Each payout is listed there, with your total amount of sales, Gumroad's fees, as well as refunds, chargebacks, or affiliate fees that are taken out of your gross sales. It can be used to improve your strategy execution, aligning business activities … Log in to your account Log in with Facebook Log in with Twitter or We're running another cohort of the 14 day product challenge, register here: https://gumroad.com/l/14DayProduct, Randall will also be doing a live-streamed event on being a productive creator, join at https://us02web.zoom.us/webinar/register/1716093564298/WN_xtu6D0EbSN64V6FHzmKTJw, Final Reminder: PayPal Connect goes live Jan 1, 2021, https://help.gumroad.com/article/275-paypal-connect, https://us02web.zoom.us/webinar/register/1716093564298/WN_xtu6D0EbSN64V6FHzmKTJw, Our Overlay and Embed now supports affiliates, Distinct product thumbnails on your profile, your customers libraries, and Discover. How much you have $ 45 in your PayPal balance as my preferred way to pay slight mismatch in appropriate... January 1, 2021 it … PayPal Home gumroad paypal balance fee still applies infrastructure required... 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