Payouts and Finance
Rapid's processes on payouts to API providers and invoicing.
rapidapi.com only
This page applies rapidapi.com providers. It does not apply to Enterprise Hub customers.
When a developer sbscribes to a pricing plan for your API on Rapid or incurs an overage, you as an API provider will receive a payout after Rapid processes a final payment from the developer.
Rapid's marketplace fee
Rapid takes a flat 20% marketplace fee on all payments made through the API Hub. For example, if you price an API subscription plan at $10, you will receive $8 from Rapid if a developer purchases your plan. This marketplace fee covers payment processing, site infrastructure, and administrative fees. This marketplace fee does not cover the fees associated with payouts processed through PayPal.
How payouts work
A developer's credit card is charged after one of three instances:
1. A developer subscribes to an API's pricing plan for the first time |
2. A developer is billed every month for their API plan subscription |
3. A developer incurs an overage on an API |
All charges related to your API are consolidated within the given month and processed for payment at the end of the following month. This allows Rapid time for the collection of payments, processing of refunds or disputes, and the reconciliation of accounts. Rapid will then issue the payment (reduced by the marketplace fee and PayPal processing fee) to your PayPal account.
As an example, if developers subscribe to your APIโs PRO plan on January 1st, 5th, and 20th for $10 each, you should receive a total payment of $24 less any applicable PayPal fees for that month. In this example, the $24 payment should arrive in your PayPal account in the first week of March.
Adding your PayPal account information
Rapid currently only pays out API providers via PayPal. Unfortunately, we cannot accommodate other payout methods. Each payout on PayPal will include the name of the user, the name of the API plan the user has subscribed to, and the name of the API marketplace.
Here's how to add your PayPal information to the system:
Log in to rapidapi.com, click your avatar in the upper right and select Personal Payouts.
Click Link PayPal account and log in to your PayPal account to link it to Rapid.
Adding a PayPal email address
If you do not add a PayPal address to your account, there is unfortunately no way for us to send you money! We will attempt to email you at least three times to add an email if a payment is generated and no address is found (or the address is invalid). Please be sure to fill out this information and keep it up to date so that we can send your payments.
Forgiveness, disputes, and failed payments
Very occasionally, there will be an issue where a developer fails to make a payment for their API usage. These tend to fall into four categories:
1. Forgiveness request |
2. Disputes and Chargebacks |
3. Failed payments |
4. Rapid error |
Forgiveness request
Rapid alerts users via email when they reach their quota limits. On occasion, a developer may have a bug in the system or inadvertently generate large overages. In these instances, he or she may reach out to us or you (the API provider) to ask for the overage fee to be waived. We do not refund any overage without your explicit permission. We leave these instances to your discretion as an API provider and fellow developer.
Disputes and chargebacks
Rapid incorporates an industry-standard credit card verification and anti-fraud solution to prevent fraudulent charges. In rare instances, a user may dispute a charge or initiate a chargeback. Rapid will then conduct a full investigation and aim to achieve resolution by working with the user and you, the API provider. If a refund is issued or a chargeback occurs, Rapid will offset the amount paid to you by the refunded amount. If you have suspicions of fraudulent behavior from one of your users, please contact support at https://support.rapidapi.com/ and we will investigate.
Failed payments
Rapid makes several attempts to collect a payment before failing and cancelling a user's subscription. We are diligent in communicating with developers that have failed payments on an outstanding balance to come to a resolution. Rapid will make payouts to the API provider only when Rapid has received final payments from or on behalf of the user. A final payment is deemed to have occurred when the applicable credit card company or bank has fully settled the payment.
Rapid error
If you think there is a processing error on our side, reach out to support at https://support.rapidapi.com/ and we will investigate the issue and come to a fair resolution.
Invoices and custom documents
We can generate custom invoices for you or your developers per request (see the Invoices section). W9 forms are also available upon request by reaching out to support at https://support.rapidapi.com/.
Updated 9 months ago