We're thrilled to share that starting with your May 2025 Finalized Reports, Catapult is introducing a range of new payout methods to provide greater flexibility, speed, and convenience. In additional to PayPal, you'll soon be able to receive payments via ACH Bank Deposits, Wire Transfers, Venmo, and other global payment systems. Before the launch, you'll have the option to update your payout method to a bank account directly in your Catapult dashboard. We'll send a reminder email closer to the launch with instructions on how to make the switch as well as adding updates to your dashboard and our support pages.
If you prefer to continue using PayPal, no action is needed, and you can keep it as your payment method.
Our expanded payout options include:
- Bank Transfers*
- ACH Automated Clearing House (USA)
- IACH International Automated Clearing House (Non-US)
- EFT Electronic Funds Transfer (Canada)
- FPS Fast Payment Systems (United Kingdom)
- SEPA Single Euro Payments Area (Europe)
- NPP New Payments Platform (Australia)
- BECS Bulk Electronic Clearing System (New Zealand)
- FPSHK (Hong Kong)
- Swift Wire Transfers (Multiple Countries)
- ACH Automated Clearing House (USA)
- PayPal
- Venmo (USA Only)
*Availability of bank transfers depends on your country. Not all countries support bank transfers. You will provide your bank account and routing numbers and your bank will determine which specific method money will be sent to your account. Only checking accounts are supported. Savings accounts cannot receive payments.
What's Changing?
To support these new payout methods, we're introducing a few updates to our payment process:
- Minimum Payment Threshold: A $10 minimum balance will be required before a payment can be issued. For most artists, this won't impact you, as your earnings typically exceed this amount. For many low-earning accounts, funds will accrue until the $10 threshold is met (after any applicable tax withholding and bank fees).
- Bank Processing Fees: Unlike our previous PayPal-only model, where Catapult covered all transaction fees, new bank processing fees will be deducted from your payout total (along with any required tax withholding if applicable). We've secured competitive rates, such as free US ACH transfers, $3 international ACH transfers, $1.50 Venmo transfers, and $2.50 PayPal transfers.
- Low Earner Admin Fee: Beginning in January 2026, if in the last 12 months your account balance has not met the minimum payment threshold ($10), an admin fee will be incurred in the amount of your account balance to cover storage, accounting and maintenance for your low earning catalog. You will never be charged/billed for admin fees; It will simply be deducted from your current sub $10 account balance.
- Tax Forms: No payments will be issued until your required tax form has been submitted and reviewed, regardless of the amount. All accounts, regardless of country of citizenship must submit a valid tax form.
Benefits for High Earners
For accounts with payments exceeding $10,000, you can now receive your funds faster and in a single payment, eliminating the need for incremental payouts.
Our Commitment Since 2006
For nearly two decades, Catapult has proudly covered all PayPal transaction fees, ensuring artists and labels received their full earnings, down to the penny. While the introduction of bank processing fees marks a change, we've worked hard to keep these costs low to maximize your payouts.
We're excited to offer these new options to better serve our global community of artists and labels.