๐ The minimum withdrawal amount refers to the minimum amount that must be met to request a withdrawal.
Why is a minimum withdrawal amount policy necessary?
Tax invoices are generated and other fee processing tasks are carried out for each withdrawal request for revenue withdrawals (settlement wallet).
This policy is designed to minimize unnecessary multiple processing of remittance and receiving fees compared to the settlement amount, especially in cases such as overseas remittances when the amount is below a certain threshold.
The 'minimum withdrawal amount' for revenue withdrawals (settlement wallet feature) is calculated based on the 'total withdrawable amount' for creators.
Minimum withdrawal amount by currency
Calculated based on 'pre-tax/supply value' rather than actual payment amount.
Korean Won: KRW 100,000
US Dollar: USD 100
Japanese Yen: JPY 10,000