How To Setup A Payment Account For Facebook Monetization

[Naijafans]

To receive your earnings from in-stream ads, you must set up a payment account. You will set up your payment account after your Page is approved for in-stream ads. To complete the process, you must have the information below prepared.

1. The legal name, address, phone number and contact email associated with the Page admin responsible for payouts.
2. Select your Country of residency and Business Type. You will be prompted to enter your taxpayer information based on your selected country of residence and business type:

• If you have selected US as your country of residence, you will be prompted to enter your SSN if you have selected Individual or EIN if you have selected a non-Individual Business Type.
• If you have selected a non-US country of residence, you will be prompted to enter your applicable foreign Tax ID.

1. A bank account or a PayPal account: To link a bank account, you will need to verify the bank's country, the routing number, the account number and account holder's name. To link a PayPal account, you'll need the account's country, associated email address and the account holder's first and last name.
2. IRS Tax Form

• United States: By law, Facebook is required to collect tax information if you are a US individual or entity receiving payments from Facebook, Inc. You will be prompted to complete and upload your Form W-9, which can be downloaded from the IRS website.
• Canada and Brazil: By law, Facebook is required to collect tax information if you are either a Canadian or Brazilian individual or entity receiving payments from Facebook, Inc. You will be prompted to complete and upload your applicable Form W-8, which can be downloaded from the IRS website.