If you’re a freelancer, content creator, or remote worker using platforms like Patreon, YouTube, Twitch, Substack, Indiegogo, or Kickstarter, you probably know that they offer payouts in USD to U.S. bank accounts. But there’s a catch—if you’re not a U.S. resident, these platforms require you to fill out IRS Form W-8BEN before they can process your payments.

Skipping this step can mean losing 30% of your earnings to automatic tax withholding and additional losses from currency conversion fees if you’re paid in local currency instead of USD.

The good news? It’s easy to fill out Form W-8BEN and keep more of your money!

What is Form W-8BEN?

Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for U.S. Tax Withholding and Reporting) is an IRS document that helps non-U.S. individuals certify that they are not U.S. tax residents. This form ensures that:

✅ You avoid unnecessary tax withholding (default is 30%, but you may qualify for a lower rate based on your country’s tax treaty with the U.S.).

✅ You receive your earnings in USD to a U.S. bank account, preventing forced conversion into your local currency.

✅ You stay compliant with IRS tax regulations, which platforms require before releasing payments.

Why This Matters for Creators & Freelancers

📌 If you don’t submit Form W-8BEN, U.S. platforms will withhold 30% of your earnings—before they even reach you.

📌 If you receive payouts in local currency instead of USD, you may lose money due to poor exchange rates and conversion fees.

📌 Using Form W-8BEN ensures you get the best payout possible and avoid unnecessary losses.

How to Fill Out Form W-8BEN (Step-by-Step Guide)

Ready to fill out your form? We’ve got you covered! Check out our full guide on Medium:

👉 How to Fill Out IRS Form W-8BEN to Get Paid in USD Without Losing Money 👈

This guide walks you through:

✔️ Each section of the form, explained simply.

✔️ How to check if your country qualifies for lower tax withholding.

✔️ Where to submit the form (hint: not the IRS!).

✔️ Common mistakes to avoid.

Final Thoughts

If you’re earning in USD through U.S. platforms, filling out Form W-8BEN is essential to keep more of your hard-earned money. It’s a quick process that can save you thousands of dollars over time.

💡 Need a U.S. bank account for hassle-free USD payments? GrabrFi makes it easy for non-U.S. residents to receive and manage their earnings.