How Cashouts Work
Everything you need to know about turning your readers' support into real money in your bank account.
1. Readers Buy & Spend Coins
Readers purchase Coin packs on IlorisNovel. They spend those coins to:
- Unlock premium chapters — you set which chapters are free and which cost coins.
- Activate the audio player — listeners pay per chapter to hear your story read aloud.
- Subscribe to you — readers can support you with a recurring coin subscription.
Every coin a reader spends on your content flows directly into your author coin balance.
2. Coins Become Real Money
Each coin has a fixed exchange rate of $0.50 USD. When you're ready to cash out, head to your Cash Out page, enter the number of coins you want to redeem, and see an instant breakdown:
The minimum cashout is $10.00 (20 coins).
3. Cash Out to Your Bank
Payouts go directly to the bank account you've connected through Stripe. The setup takes a few minutes:
- Go to the Cash Out page from your editor dashboard.
- Click Connect Stripe Account and follow the Stripe onboarding flow.
- Once verified, enter the coins you want to cash out and hit Cash Out Now.
Stripe processes the transfer and the money lands in your bank. No wallets, no gift cards, no middlemen.
4. One Simple Fee
We charge a single 8% platform fee on every cashout. This covers:
- Stripe processing fees — payment processing, fraud prevention, and currency conversion.
- Platform costs — servers, storage, audio generation, and continued development of IlorisNovel.
That's it. No hidden charges, no monthly fees, no per-transaction surprises. You keep 92% of everything you earn.