Receiving money on Facebook

When doing business or making money online, setting up a payout method to receive payments is an indispensable step on Facebook. Whether you sell goods, provide services, or receive customer payments, the system can only transfer funds once you have linked a valid payout method.

So, what do you need to prepare, how do you set it up, and what are the important notes? This article by Adsupport will help you clearly understand how to create a payout method for receiving money on Facebook quickly, safely, and effectively.

Which features can you use to make money on Facebook? Detailed overview

Making money on Facebook is becoming increasingly popular thanks to a diverse ecosystem built for content creators and businesses. Currently, Facebook provides multiple monetization tools to help you generate income from your content and business activities, including:

• Content Monetization Programs: Allow you to monetize videos, articles, or high-engagement content.
• Stars: Viewers can send “Stars” during livestreams or videos to support you.
• Subscriptions: Followers pay a monthly fee to receive exclusive content.
• In-stream Ads: Insert advertisements into videos to generate revenue.
• Bonuses: Reward programs from Meta for creators who achieve high performance.
• Storefront: Sell products directly on Facebook.

Each tool is suited for a different monetization model, ranging from content creation to online sales.

Eligibility requirements for receiving money from Facebook

To receive payouts from Facebook, you must meet several important requirements:

• Compliance with Partner Monetization Policies and Content Monetization Policies.
• No fraudulent behavior or suspicious activities.
• Set up a valid payout account.

If you do not set up a payout account, you can still earn money, but you will be subject to earnings limits:

• A maximum of $500 USD per monetization tool.
• A maximum of $1,500 USD across 3 tools.

Particularly, if you do not add a payout account within 6 months, you will lose all rights to receive the money you have earned.

Important notes regarding bonus programs

For Bonus programs, you are strictly required to set up a payout account before the program ends.

Otherwise:

• You will not receive your bonus payout.
• Your earnings may be forfeited even if you met the eligibility requirements.

Therefore, make sure to complete your payout setup as early as possible. Facebook only issues payouts once you reach the minimum earnings threshold based on your region and payout method. Specifically:

• In the United States: A minimum of $5 USD.
• Outside the United States:
  • Bank transfer: A minimum of $100 USD.
  • Other methods: A minimum of $25 USD.

If you have not reached the threshold, the balance will accumulate and roll over to the next payment cycle until you become eligible.

Facebook payout timelines

Facebook typically processes payouts on a monthly cycle. Specifically:

• Payouts are issued around the 21st of every month.
• This is based on the earnings from the previous month.

For example, earnings from January will be paid out around February 21st. The money you receive can come from multiple sources if you utilize multiple monetization tools. You will receive:

• A detailed invoice regarding your earnings for the period.
• The actual payout if you have met the minimum threshold.

Facebook will send the money to the account you previously configured.

Guide to creating a payout account for receiving money on Facebook

Once you are approved to use Facebook monetization tools like In-stream Ads or Subscriptions, setting up a payout account is a mandatory step to receive your earnings. Although you can start earning money without setting it up immediately, failing to complete this process means you will not be able to withdraw your funds, and your income will be restricted. Before beginning, you must prepare all necessary information to ensure the setup process is fast and uninterrupted. This information includes:

• Legal first and last name, address, phone number, and contact email.
• Tax information based on your country of residence and business type.
• Social Security Number (SSN) or Employer Identification Number (EIN) (if in the United States).
• Foreign Tax Identification Number (TIN) (if outside the United States).
• Bank account details or PayPal account information.

Ensure that all information is accurate and matches your legal documents to prevent payout rejections.

Set up your payout account in Meta Business Suite

You can easily create a payout account through Meta’s management system. The steps are as follows:

• Open Meta Business Suite.
• Select the Monetization tab.
• Choose the monetization tool you are currently using.
• Click Get Started after agreeing to the terms.

If you want to create a new account, select Create New Business and proceed with the steps below.

Enter Personal or Business Information

At this step, you must provide specific details depending on your account type:

For Individuals:

• Enter your legal first and last name.
• Date of birth.
• Residential address.
• Phone number and email.

For Businesses:

• Business name.
• Address and phone number.
• Legal owner information.

Note: The name on the account must match your tax information for the system to process payouts accurately.

Link a payout method

After entering your information, you will select how you want to receive money. There are 3 main methods:

• Log in to online banking.
• Manually enter bank account details.
• Link a PayPal account.

When linking a bank account, you must provide:

• Bank country.
• Routing number or branch code.
• Account number.
• Account holder name.

Once completed, click Link Payout Method to activate it.

Provide and verify tax information

This is a critical step to complete your payout account. You need to:

• Select the appropriate tax classification.
• Confirm your tax residency status.
• Enter your Taxpayer Identification Number (TIN) or indirect tax number.
• Fill in your address as it appears on your tax records.

Afterward, you will electronically sign and submit the form for system verification. Once completed, you will receive a confirmation notice.

Final Reminders

Setting up a payout account should not be delayed for too long. Keep in mind:

• You must complete the setup within 5 months to access your earnings.
• If you have not set it up yet, your earnings are capped at a maximum of $1,500 USD.
• Each monetization tool is restricted to a $500 USD limit.
• After 6 months without setup, all accrued earnings may be permanently lost.

Therefore, complete your setup as early as possible to avoid any risks.

Receiving money on Facebook is not overly complicated if you configure the correct payout method and complete the required verification steps. By understanding the process and preparing all necessary information, you can easily manage your income and receive payouts safely and transparently from your business or content creation activities.

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