When does Google Play payout to developers?
If you distribute your app through Google Play Store then you might be interested in how often does Google make payments to developers? To be said, it is a lot easier than with Apple.
Payouts for developers (Google calls them merchants) happen each month on the 15th for the previous month sales. Let’s say you want to know when you’ll be paid for the period of August 1st – 31st. The payout will happen on the 15th of September for that month. Keep in mind, that if the 15th falls onto a weekend, the payout won’t start until the following Monday. The payments occur each month, so it is very easy to track when you will receive a new incoming transfer from Google.
There are 2 ways to receive your Google Payment: via wire transfer or Electronic Funds Transfer (EFT). Wire transfer can take from 5 to 7 days to reach your bank account. For EFT the wait time is 2-3 days.
In order to track your payments and reports, use the Google Play Console. First, you’ll create a payment profile in Settings under “Merchant Account”. There you will enter information about yourself relative to the business. Next, through the console, you will be asked to provide banking account information to be able to receive the payout by Google (under Payment Settings). Depending on the country of residence or the location of the bank branch, different information might be asked. For the United States as an example it’s: type of account, Routing and Account Number, and the account holder name. What information is needed can be viewed here.
Side note: in order to use wire transfer, your earned balance must be at least 100USD for you to be eligible to receive the payment at the end of the payment cycle.