Inspired by true events from this morning
this post was submitted on 27 Sep 2024
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For context: I make indie games and have released two so far and I'm currently working on the third one which is weird as fuck. So the way that Steam works is, they don't send you money anytime you make a sale, but they send all of it at the end of every month. Now September is almost over and I got an e-mail titled "Steam Payment Notification" and I get all hyped up. I open it and read it that the Payment Notification is actually that there is no Payment since I didn't make $100 in sales. Way to hype me up and bring me down, Steam.
Youtube and twitch work this same way. When I was starting there were months where I didnt make any money because I didn't meet the minimum. Hoping next month meets the requirement for you boss 🙏
Does the balance at least accumulate until you do hit the threshold, or is the money just gone?
It accumulates, so there is no money lost. It does kinda suck though that as you start, even though you can make money and did make a bit you don't get to see it yet
It does make sense from a payment processing standpoint. It doesn't make sense to spend more money on creating the transaction than is actually being sent.
I used to pay a particular company by purchase order for this exact reason. CC takes 2-3% of the payment, but purchase order - they've got to get themselves into the company system, track the PO, invoice, track the payment...at the time, a common estimate was $50 to process a PO, and if you're only buying $100 batches, that's a big hit. Did not like that company, but they were the only place to get whatever it was I had to buy.
Sending a simple transaction like this costs a couple cents though, which they could in theory bill to the developer as well. Setting the threshold at 100 is probably more to accrue additional interest on Steams bank accounts.
I think in the US I’ve heard ETF/ACH transaction fees are usually around $2.50? It might be possible to have that apply across a batch, though, as in if you submit 10 payments to 10 different people as a single transaction it’s still just $2.50, or 25¢ per person. I’m only getting this from hearing accountants complain at companies I’ve worked with, so I don’t understand the details. But I’ve seen it pretty common with companies doing payouts to want to see a minimum amount before they actually send the payment, otherwise it’s not worth doing.
Absolutely. It's got to be the way it is. Just kinda feels bad at first