Facebook offers several monetization features that allow users to earn money directly through the platform. This includes paid online events, fan subscriptions, badges, and Facebook Pay. If you use any of these monetization tools, you’ll need to access your payout settings to manage how you get paid.
What are the Facebook monetization features?
Here’s a quick overview of the main ways to earn money directly on Facebook:
- Facebook Live Videos – Get paid for your live streams through Stars or Ad Breaks
- Facebook Subscriptions – Offer exclusive content to fans who pay a monthly fee
- Facebook Badges – Sell digital badges fans can purchase to show support
- Facebook Paid Online Events – Host virtual events like classes and charge admission fees
- Facebook Pay – Accept payments for goods/services through Facebook Pay
All revenue earned from these tools gets paid out to you directly by Facebook. You’ll need to set up payout methods to receive your money.
How do I find my Facebook payout settings?
Your Facebook payout settings are located within the Facebook Monetization Manager. Here’s how to access it:
- Go to your Facebook Page and click “Settings” at the bottom of the left menu
- Click on “Monetization Manager” in the left column
- Click “Payout Settings” at the top of the Monetization Manager page
This will open your payout settings page. Here you can view any pending earnings and manage your payout account details.
How do I set up a payout method?
To receive earnings from Facebook, you’ll need to connect a payout method. Facebook offers two payout options:
- PayPal – Instant transfers to your PayPal account
- Direct deposit – Bank transfers every ~15 days (min $100 earned)
To set up PayPal:
- Click “Add PayPal” in the payout settings
- Enter your PayPal email and click Continue
- Facebook will send a verification deposit within 1-2 days
- Enter the amount Facebook deposited to verify your PayPal
To set up direct deposit:
- Click “Add Bank Account”
- Select your currency
- Enter your bank account details
- Facebook will send 1-2 micro-deposits to verify the account
- Enter the amounts deposited to complete verification
Once you connect a payout method, your Facebook earnings will automatically be sent to your PayPal or bank account based on the payout schedule.
How often does Facebook pay out earnings?
Facebook has the following payout schedules:
| Payout Method | Payout Frequency |
|---|---|
| PayPal | Instant upon earning – no minimum |
| Direct Deposit | Every ~15 days if over $100 earned |
So with PayPal, your earnings become available right away. With direct deposit, Facebook bundles earnings and issues bank transfers every 15 days, but you must earn at least $100 to qualify.
How do I change my payout account or currency?
Your payout settings can be changed at any time in your Monetization Manager. Here’s how:
- Go to Payout Settings
- Click “Change” next to your current payout method
- Select a new PayPal account or bank account
- Verify the new account if needed
You can also change your payout currency here. Just click “Change” next to your currency and select a new one.
Note it may take 1-2 payout cycles for changes to take effect. You’ll keep earning to your current account until the new one is active.
How do I view my Facebook earnings and history?
Your full payout history can be viewed within Payout History in your Monetization Manager. Here you can see:
- Total estimated earnings to date
- Earnings available for payout vs pending earnings
- Date, amount, and method of all past payouts
- Any upcoming scheduled payouts
Payout details are updated when earnings are transferred to your payout method. You’ll also receive emailed receipts whenever Facebook processes a payout.
What are Facebook’s fees and taxes?
Facebook deducts the following fees/taxes from earnings before payout:
- Processing fees – PayPal (2.9% + $0.30) or Direct Deposit ($2 per transfer)
- Taxes – Varies by your tax status and residency
All fees and taxes are automatically deducted before you receive earnings. The net payout amount will be reflected in your transaction history.
Does Facebook pay interest on earnings?
No, Facebook does not pay interest on any earnings. Your funds do not accumulate interest while pending payout.
Facebook transfers earnings to your payout method as soon as possible based on the payout timelines. Any pending earnings will not earn interest along the way.
What if I have an issue with my payout?
If you ever have issues receiving a payout or errors in your transactions, you can contact Facebook Concierge support for help. Some common reasons to contact support include:
- Errors verifying your payout account
- Missing or incomplete payouts
- Changes needed to your tax information
- Trouble connecting or changing payout methods
To reach out to Facebook support:
- Go to your Page Settings > Monetization Manager
- Click “Contact Support” in the bottom right corner
- Select Payouts > Manage Payout Account
- Explain your issue and submit your request
Facebook support can investigate any payout issues and make corrections as needed. Be sure to regularly review your earnings and payout history.
Best practices for managing Facebook payouts
Here are some tips to effectively manage your Facebook monetization payouts:
- Set up your payout method as soon as you’re approved for monetization
- Log into your Monetization Manager weekly to review earnings
- Make any necessary changes to your tax information
- Notify Facebook immediately of any issues receiving payouts
- Consider using PayPal for fastest payout access
- Upgrade to a business PayPal account to avoid transfer limits
Staying on top of your Facebook payout settings will ensure you get paid properly and on time! Enable notifications so you never miss an update.
Conclusion
Facebook makes it easy to earn money directly through your content and interactions. But you need to properly set up your payout accounts to access your earnings.
Be sure to connect a PayPal or bank account in your Monetization Manager payout settings. Monitor your balance and payout history to ensure on-time payments. And contact Facebook support if you encounter any issues.
With the proper payout settings, you can conveniently monetize your audience and community on Facebook at any scale. The payout capabilities give you total control over how you earn and manage income from the platform.