Payout Information

1. Changes to Membership Plan Pricing Method

• Previous: Entering an amount in Gold would convert to KRW, including VAT.
• Updated: Pricing will now reflect the creator's local currency and display the amount received in the creator's wallet before payouts.
  (Taxes and additional fees incurred during payment processing will be included in the final amount paid by the fan.)

2. Membership Price Adjustments

• When the creator and fan are in different countries, the final payment amount will vary based on currency exchange rates.

Examples:

1️⃣ When a US fan subscribes to KR creator's ₩5,000 (50 Gold) membership plan:

• Previous: Calculated as 50 Gold → $5.
• Updated: Calculated as ₩1,000 → $1, then taxes and additional fees are added, resulting in $5.5.

2️⃣ When a KR fan subscribes to US creator's $5 (formerly 50 Gold) membership plan:

• Previous: Calculated at a fluctuating exchange rate.
• Updated: Calculated at a fixed exchange rate per $1, with taxes and additional fees included in the final payment.

3. Currency for Payouts

• All creators on Likey will receive earnings in USD after currency conversion.
• A $20 withdrawal fee will apply for payouts.
• Depending on the recipient bank, it may take 7 to 14 business days for the funds to arrive.

Note:

• If the registered account is not a foreign currency account, the receiving bank will automatically apply the daily exchange rate.
• If the account is a foreign currency account, the amount will remain in USD.