In a move by Apple to improve the developer site for app creators. Apple has released a new financial reports module that will “reduce the thresholds required to be paid,” which will “increase the frequency” of receiving proceeds for Apple app developers.
Developers will also love the fact that Apple is switching to a consolidated single monthly payment that combines all their proceeds worldwide, which reduces bank fees and costs.
In addition to quicker payments the new module in iTunes connect will provide more detailed information for developers including last payment, amount owed, latest monthly earnings, a rolling transaction history, unit sales, and payment trends.
For more detail, read the iTunes Connect Payments & Financial Reports Guide available from the Payments and Financial Reports module in iTunes Connect.
Filed Under: Apple, iPhone Apps, Technology News