Running a game server can be a lot of fun, and with VyHub’s shop system, you can even turn it into a way to make some money. This blog cuts through the confusion and explains exactly how VyHub shop payments work.
Is VyHub Legal for Taking Payments?
We prioritize legal compliance at VyHub. Hundreds of communities around the world use our shop system with no issues. We also collaborate with tax advisors to stay up-to-date on regulations. If you have any legal concerns, feel free to contact us – we’re here to help!
How Do I Receive My Shop Earnings?
When you set up your VyHub shop, you’ll connect your PayPal or Stripe account. This ensures you receive all your money directly – there’s no waiting for payouts, and the funds are immediately accessible in your chosen account. Remember, PayPal and Stripe handle the transactions, not VyHub itself.
Are There Any Payout Fees?
After earning some money you might wonder whether you have to pay any payout fees. No! Since you’re the seller, all your income from the shop goes straight to your PayPal or Stripe account. This is a major advantage compared to other shop systems that charge payout fees or have restrictions. With VyHub, what you earn is what you keep.
Do I Need to Pay Taxes on My Shop Income?
Just like any other business income, you might need to pay taxes on the money you earn through your VyHub shop. Tax rules vary by country. However, the good news is that you might be able to deduct server-related expenses, including your VyHub subscription, from your taxable income. But don’t worry about taxes unless your server shop becomes a real money-maker! If you’re just using VyHub’s management tools, taxes aren’t a concern.
Ready to Make Money with VyHub?
VyHub makes managing your shop and receiving payments a simple process. Focus on building a thriving gaming community, and let VyHub handle the rest!