💰
COURSE
Beginner
Getting Paid via GrooEvents
This guide will walk you through how to add a payout method to your event.
7 min3 lessonsSelf-paced
Course Progress0%
What you'll learn
Payment setup
Bank account verification
Payout schedule
Fee structure
Tax information
Getting Paid via GrooEvents
Lesson 1: Payment Setup (3 min)
What You'll Need:
- Bank account information
- Tax ID or SSN
- Business information (if applicable)
- Government-issued ID
Setup Process:
- Go to Account Settings
- Click "Payment Methods"
- Select "Add Bank Account"
- Enter routing and account number
- Verify with micro-deposits
- Complete tax forms
Verification Timeline:
- Micro-deposits: 1-2 business days
- Full verification: 3-5 business days
- First payout: 7 days after event
Lesson 2: Understanding Payouts (2 min)
Payout Schedule:
- Automatic payouts after event
- Standard: 7 days post-event
- Instant: Available with Pro plan
What's Included:
- Ticket sales revenue
- Minus processing fees
- Minus platform fee
- Plus any add-on sales
Fee Structure:
- Free Plan: 3.5% + $0.99/ticket
- Pro Plan: 2.5% + $0.75/ticket
- Business Plan: 2% + $0.50/ticket
Lesson 3: Tax and Reporting (2 min)
Tax Documents:
- 1099-K for over $600/year
- Issued by January 31st
- Available in your dashboard
Reporting:
- Real-time sales dashboard
- Export transaction history
- Monthly revenue summary
- Tax summary reports
International Payments:
- Currency conversion
- Additional fees may apply
- Country-specific requirements
Conclusion
Getting paid is simple once you're set up. Complete verification early to avoid delays!