Microsoft in a blog shared details about how the developers will receive payments for their metro style (soon to be rebrand) app sales in the RTM version of Windows Store. The post explains how the Windows Store handles payments, and what you need to do to ensure you receive payments in a timely manner.
First of, Microsoft needs the information about your tax and bank account where you want to receive a payment. On the Store Dashboard, under your Profile, you'll find a link to where you can specify a payout account. "You must enter your banking information in alpha-numeric values to support the required international bank transfers. You might need to supply some additional information as well, as the steps for setting up a payout account varies for each country," posted Paul Lorah, Program Manager.
Once the information is entered, depending on the country, the app's revenues are then transferred via electronic funds transfer, SEPA transfer, or wire.
On the tax front, Microsoft requires anyone releasing paid Windows 8 apps fill out electronic tax forms with the US Internal Revenue Service (W-9 for US residents or a W-8BEN for international app makers).
To help on this end, the Redmond company has created an electronic submission process that requires you to fill out a single form and get ready-to-pay state in less than a day. Just visit the Tax page listed under your Profile on the Store Dashboard. "Upon receiving a valid tax status and specifying a payout account, you are eligible to begin app sales to Windows 8 customers worldwide," said Lorah.
Microsoft would take 30 percent cut on the revenues earned from a Windows 8 app until they reach $25,000 in lifetime sales. After that, Microsoft takes 20 percent of the app's revenues.
To receive a payment, all you need to do is accumulate approximately 200 USD in app sales that you haven't been paid for yet.
On the Finance page of your dashboard, you can immediately see what app proceeds are paid, reserved, pending, or available. "Paid app proceeds are payments previously made to you. Reserved app proceeds are recent transactions which are not yet eligible for payment. Transactions are generally not eligible for payment until 30 days after the purchase occurred. Pending app proceeds reflect the total app proceeds now available for payment after the 30 days have passed,' explains Lorah.
Payment history on the financial summary page of the Store Dashboard details when you got paid, how much you received, what amount was withheld to the IRS (if any), and a report of all the individual Store transactions for which app proceeds were paid. "After the first of each month, if you've accumulated enough sales, the estimated value of the app proceeds will be displayed in the summary as available and a payment will be sent to the bank account you provided," he said.
"From the Financial summary page, you can also view Financials per app, where the same key metrics (total amount paid, app proceeds since last payment) are calculated. Also, you can export transaction-level details in the detailed transactions section on the financial summary page," he said.
Adding, "Essential transaction data, such as transaction date, currency, store fee, app proceeds, and settlement status, are all included so that you can measure your performance using your own tools or tools from the developer community," Lorah said.
On August 15th, all developers can visit the Windows Dev Center to get access to all the tools and resources they need including the RTM release of Visual Studio 2012. In the meantime, check out a selection of free events to help jumpstart your app development:
Attend a free Dev Camp near you
Check out the schedule at http://www.devcamps.ms/windows and register for a camp now. In the next few weeks we'll be holding camps across the world including Sweden (Aug 2nd), Atlanta (Aug 2nd), Singapore (Aug 3rd), Vancouver (Aug 3rd), UK (Aug 4th), Philippines (Aug 4th), Belgium (Aug 8th) and many more.
Events from Intel
Intel is hosting an app lab for developers to learn about developing Windows 8 apps for the Ultrabook platform with touch, sensors, graphics and power efficiency. Developers committing to developing an Ultrabook Win8 app at the event will receive a free Software Development Platform (SDP) from Intel, subject to limited supplies.
Register for the August 22 New York event at Intel App Lab and use promo code INAPPLAB.