It's exactly what it sounds like. I'm owed money by Spotify and Apple Music (through Distrokid), Amazon, and Printify. However, these services all require proof of identity to cash your funds, and since I'm not 18, what do I do? I know I could probably ask my parents to manage it all for me, but what would that even look like? I'm kinda stressed since these services don't hold your funds forever and they owe me a decent chunk of change. Thanks so much in advance 🙏
Edit 1: I think I'll ask my dad to help me set up all of the necessary information and a custodial bank account so that I can keep things organized until I'm 18. Thanks for the help, and feel free to add anything else!
I'm 16, but I'm owed money from multiple companies and I'm worried they won't allow me to cash out my funds since I'm not 18.
byu/JakeScottGaming inEntrepreneur
Posted by JakeScottGaming
7 Comments
Do you have to be 18 to use those services?
What do they require of you to confirm your ID?
Gather the requirements for each company that you’ve earned from and provide it to them.
You can also talk to your parents or guardians so they can act as your representatives.
But as others have pointed out, maybe just try to ask for your money first and see what happens..
Yeah, some of those platforms wont deal directly with minors when it comes to payouts, so getting your parents involved is your best bet. Theyd likely need to set up an account in their name to receive the payments, and then transfer the money to you. It’s all legal and above board, just more of a formality to meet the age requirements. Have them contact support or check out the payment policies to see what documents you’ll need. The key is to act quickly so those funds don’t expire. Get the ball rolling before deadlines hit.
Just talk it out with your parents or if you have an older cousin who is willing to put on his id talk to him.
Also keep in mind in the US unless your 18 a signed contract is not valid with those under 18. I do not know all the loop holes so be careful on how you proceed.
It sounds like you’re on the right track! Setting up a custodial bank account with your dad is a smart move. He can help manage the funds until you turn 18, and that way you won’t miss out on cashing out. Just make sure to keep everything organized and communicate openly with him about what you need. You’ve got this!