How do I withdraw my money? 15 0

Omziki has partnered with Equity Bank, PayPal, and Payoneer to ensure fast, secure, and reliable payments for your music revenue. Payoneer, trusted by companies like Uber and Airbnb, offers flexible international payments. Equity Bank supports cross-border transactions and Mobile Money payments through networks like MTN and Airtel, available in select countries. Mobile Money is only available when your currency is set to a supported local currency.

How can I withdraw my money?

With Omziki, you can withdraw your money via PayPal, Mobile Money or Bank Wire Transfer and Payoneer, load your preferred SET UP PAYOUT and get start receiving your earned royalties.

To access your money through Payoneer, you must first set up your Payoneer account here. You can do this once you have accrued a balance from your distributions or publishing agreement:

  1. Log into your Omziki Dashboard
  2. Under the "SET UP PAYOUT" tab at the bottom of the screen, click and setup your withdraw option.
  3. Next, you’ll visit "Sales" tab, click "Balance".
  4. Once you have completed your signup, you will be able to request your withdrawal under the sales balance page.

How long will it take for my funds to appear in my Payout account?

Omziki manually reviews all withdrawal requests as a matter of security. This means it may take up to 5-7 business days to approve your request - in some cases, however, a transaction may take longer than estimated. If you experience a delay of more than 20 days, contact us. Once your withdrawal has been approved, it should appear in your withdrawal option on account almost instantly. 

This means that if you submit your withdrawal request on a Monday, it should be approved by the end of the day on Friday. If you submit it on Thursday, it will be approved by the end of the day the following Wednesday.

Withdraw Fees

For payout methods or minimum withdrawals that vary by withdraw method, this helps determine exactly how much it will cost to transfer your revenue.

Payout Method

Fees

Minimum Withdrawal

Maximum Withdrawal

PayPal

$1 + 3% of transaction amount Per Payment

$20 USD

N/A

Mobile Money

$1 + 3% of transaction amount Per Payment. Payments of $100 USD and under are subject to a minimum fee of $3 USD

$20 USD

$1,000 USD

Bank Wire Transfer

$1 + 3% of transaction amount Per payment. Payments of $500 USD and under are subject to a minimum fee of $15 USD

$50 USD

N/A

Paper Cheque

$15 + 2% of transaction amount Per Payment

$1,000 USD

N/A


NOTE:

  1. Additional fees such as bank processing fees, landing fees, or other intermediary fees may be charged by the recipient bank, a correspondent bank or other third-party provider involved in the transaction.

  2. When making a payment transaction involving currency conversion, the exchange rate used is based on wholesale currency market rates obtained at the time of the transaction from a range of financial institutions and includes the conversion fee where indicated. 

  3. Omziki payment services are provided in partnership with various financial institutions, please see your Payout method account terms and conditions for further details.

  4. Amount to deposit may be subject to fees charged by banks or third-party providers. By clicking Withdraw, you confirm the withdrawal details initiated.


Still have questions about your withdrawal? No problem! Contact our artist support team.

** The time is base on UTC timezone