If you want to make money successfully with your YouTube channel, it is essential to understand how the payout works. In this guide, you will not only learn how to receive your YouTube payout, but also what requirements you need to meet to be monetized. This is crucial not only for your financial planning, but also for managing your tax obligations. Let's dive straight into the details.
Key Insights
In order to receive your YouTube payout, you need to follow the following steps:
- You must be a YouTube partner and have monetized your channel.
- You need at least 1000 subscribers and 4000 hours of watch time.
- You need to create a Google AdSense account to receive payments.
- You need to verify your bank account and address.
- You will receive the payout once you have reached a minimum of 70 euros.
Step-by-Step Guide
Step 1: YouTube Partner Program and Monetization
Before you can even consider a payout, it is important that you become a part of the YouTube Partner Program. For this, you need to have monetized your YouTube channel, which means you must have a certain number of subscribers and a minimum number of watch hours. Specifically, you need at least 1000 subscribers and a watch time of at least 4000 hours.
After overcoming these barriers, you can apply for monetization under the "Monetization" section in YouTube Studio. From this point on, you can start earning money through advertisements.
Step 2: Business Registration and Tax Declaration
If you want to earn money with YouTube, it is also necessary to register a business. You must inform the trade office that you are generating income with your YouTube channel. A tax declaration is required, but do not worry – it is usually not as complicated as it sounds.
Simply go to the trade office, register your business, and inquire about the necessary steps there. If you ever have to submit a tax declaration, the tax office is there to help, and assistance is usually free in most cases.
Step 3: Create a Google AdSense Account
One of the central requirements for your payout is the creation of a Google AdSense account. This is a free account that you can set up easily. Make sure to fill in all the required information correctly, including a tax form, during registration.
After setting up your account, you will also need to confirm your address. Google will transfer a small amount to you, usually just a few cents or 1 euro. This transfer contains a confirmation code that you must enter on the Google AdSense page for verification.
Step 4: Bank Account and Address Verification
To ensure that your payouts run smoothly, it is advisable to open a separate business account for your YouTube earnings. This way, you can keep track of your income and better fulfill your tax obligations.
Additionally, you must verify your address. After filling out the address form, Google will send you a confirmation code that will be used to verify your address in AdSense.
Step 5: Tax Exemption and Tax Forms
To minimize the tax burden, it is important to fill out the tax form correctly. If you live in Germany and have a tax agreement with the USA, you can avoid giving up to 24% of taxes on your earnings, as long as everything is filled out correctly.
Filling out the tax form correctly is crucial so you can reduce the tax burden to a minimum.
Step 6: YouTube Payout
Once you have successfully completed all the above steps, your YouTube earnings will be automatically paid out. It is crucial that you have reached at least 70 euros before receiving a payout.
If you have not reached this amount yet, the money will accumulate until the next month. Typically, you will receive your payout in the middle of the month. Be aware that if you do not see a payout in the first month, it is normal. Be patient until the next month, and you should receive your payout then.
Summary
In this guide, you have learned how to meet the requirements for the YouTube Partner Program and receive your payouts. You need to monetize your channel, complete tax formalities, and open a Google AdSense account to successfully access your earnings.
Frequently Asked Questions
What do I need for monetizing my YouTube channel?You need at least 1000 subscribers and 4000 hours of watch time.
Can I earn money on YouTube without registering a business?No, you have to register your business at the trade office in order to be legally on the safe side.
How do I receive my YouTube payout?Once you have reached 70 euros, the payout will be automatically transferred to your specified bank account.
Where can I find the confirmation code for my AdSense account?The confirmation code will be sent to you in a small deposit from Google.
How long does it take to receive my first payout?Usually the payout is made in the middle of the month, provided that you have already reached 70 euros.
