What is the monthly payments algorithm based on?
Monthly payments are made in this way: at the end of the month, we look at the ad revenue of the app, this revenue is divided in half, 50% pay for the servers and the expenses of the social, 50% is divided among all Creators based on the engagement they generated on their posts. The engagement is measured by taking all these statistics in consideration: views, view time, number of likes, number of comments, number of shares.
Superlikes also work in a similar way: we keep half of the revenue of the Superlike, the Creator that receives the Superlike keeps the other half.
What payment methods does Waveful allow to withdraw money?
Payment methods granted by Waveful may vary by country, check the 'payments' section from your profile settings to find out more.
I don't have a payment method, what can I do?
Don't worry, the money generated will remain on your Waveful account and will always be ready to be withdrawn when you want.
I don't have a payment method, if i don't withdraw the money i lose it?
The money earned will remain on your Waveful balance and you can withdraw it whenever you want by linking a payment method to your profile.
How often and when are payments made?
You can withdraw the money accrued on Waveful whenever you want, as long as you have reached at least €5.
Can I link the same payment method for two accounts?
Yes, you can link the same payment method to multiple Waveful accounts.
What is the minimum amount that can be withdrawn from my Waveful account?
You can start withdrawing your monthly earnings when you reach a minimum of €5.
How much is the monetary value of a Superlike assigned to a user?
The value of a Superlike for a Creator varies from month to month, as it is calculated by considering how much Waveful receives in total from all Superlikes bought in that month (post state taxes and post Apple/Google fees) and then sharing that value at 50% with the Creators. Therefore, the actual value can change based on users' shopping habits (depending on which package of Superlikes are bought in the month, whether larger or smaller packages). Let's take an example: You are buying 50 Superlikes for €19.99 on an Android device in a state where VAT is 22%. By making this purchase you are sending €19.99 to Google. Google pays VAT to your state, in this case €3.61 VAT. Google then retains 15% commission, in this case €2.46. The remainder of 19.99-3.61-2.46=€13.92 is sent to Waveful. Waveful then receives €13.92 from your purchase of 50 Superlikes. This value is shared 50/50 with Creators. So €6.96 is kept by Waveful to pay the costs of the platform, €6.96 is instead redistributed to Creators for Superlikes received. In this specific example, therefore, the value of a Superlike for a Creator is €6.96/50=€0.1392.
I don't know what my BIC is, it tells me I inserted a wrong BIC.
To find out the correct BIC associated with your Iban, enter your Iban on this website and press enter, you will discover the correct BIC to enter on Waveful as payment information.
Do I start earning money on Waveful right away?
On Waveful you start earning immediately but you will unlock the payment section only after becoming a Creator on Waveful.
I see an amount in the statistics for the current month that is not reflected in the payment section, why?
The payment for the current month will be visible in your "payment" section only next month, by the 15th of the month. This happens every month for the earnings of the previous month. In the statistics, you will see an approximate estimate of the earnings you will receive next month.
Do posts made by users on my Island affect my earnings?
Posts made by users on your Island do not affect your earnings, only posts made by you will increase your earnings on Waveful.