Explanation of automatic withdrawal of balance over $1500:

With the continuous development and expansion of the platform, we are pleased to see that more and more musicians’ income is increasing, which is a win-win for the platform and musicians. It should be noted that the larger the amount of a single commission withdrawal, the more taxes we have to pay. To further enhance the convenience of commission withdrawals, and reduce excessive commission accumulation, we have optimized the commission withdrawal process when the commission amount of a single withdrawal above $1500.

Announcements on automatic withdrawal of balance over $1500:

In order to simplify the commission withdrawal process when the commission balance is above $1500, we have updated the part of commission withdrawal rules as follows:

1) By the 20th of each month, once the musician’s commission balance is >$1500, the system will automatically settle the commission, calculate a maximum value ≤$1500 and withdraw it to the musician’s bank account

2) Musicians can manually apply for a one-time withdrawal of >$1500, and the 100Audio will only bear the tax according to the upper limit of $1500. The excess part of income tax will be borne by musicians and deducted by the platform, the tax rate is stipulated according to Chinese law. You can apply for a withdrawal on https://100audio.com/en/your-profile/withdrawal/

3) For musicians with multiple accounts, multi-account commissions under the same payment and identity information are combined, that is, multiple accounts will share the automatic withdrawal limit of $1500

4) For musicians with multiple accounts, if you want to manually apply for a one-time withdrawal of >$1500, you will have to apply for a “Withdraw all balance” with all of your accounts.

Example:
Here’s a record of musician A’s commission:
Jan 1^st   $200
Feb 1^st   $900
Feb 5^th   $700
Feb 9^th   $300
Automatic settlement was not triggered on Jan 20th; commissions were automatically settled on Feb 20th, $1400 (200+900+300) will be withdrawn to Musician A’s bank account. Musician A’s commission balance will be $700 at this time.
（The example is only for the convenience of understanding. Generally, there will be no single commission over $350, so your balance will not remain so much.）