> For the complete documentation index, see [llms.txt](https://developers-apps-in-toss.toss.im/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://developers-apps-in-toss.toss.im/guide/en/settlement.md).

# Settlement

Settlement is a process you must understand for service operation and revenue management. This document outlines the flow from registering settlement information to actually receiving earnings. Understanding the settlement structure in advance lets you manage sales checks, tax invoice issuance, and deposit schedules all at once.

### Register settlement information

Settlement information can be registered through the path below.

* My Workspace → Partner Info → Settlement Info

All settlements are handled by business entity, not by app. If you operate multiple apps under one business entity, the revenue and expenses of each app are combined for settlement. So revenue from a specific app is not deposited separately; the final settlement amount is calculated using the business entity’s total revenue and expenses.<br>

<figure><img src="https://941686070-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8pQgXiR5QAzduV54W8Om%2Fuploads%2FH6mHvHtiv25UIrNiMCyH%2F%E1%84%91%E1%85%A1%E1%84%90%E1%85%B3%E1%84%82%E1%85%A5%20%E1%84%8C%E1%85%A5%E1%86%BC%E1%84%87%E1%85%A9%2067%20(1).png?alt=media&amp;token=fd617b70-3bd9-421e-85ef-15c60e1e9ab2" alt=""><figcaption></figcaption></figure>

<figure><img src="https://941686070-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8pQgXiR5QAzduV54W8Om%2Fuploads%2Fl4EmJLh4mEm3jKm8A415%2Fimage.png?alt=media&amp;token=daf19278-e808-460d-ab41-7e9d2a10820e" alt=""><figcaption></figcaption></figure>

***

### In-app ad settlement structure

In-app ad revenue is settled after deducting ad delivery costs and the Apps in Toss fee.

**Operating fees such as ad delivery costs**

Apps in Toss uses an external mediation platform and Toss Ads to deliver ads. In this process, about 30% of ad revenue is deducted as operating costs.

**External mediation platform**

When ads are served through an external mediation platform, the amount excluding the platform fee becomes ad revenue.

| Ad revenue | Ad earnings | VAT on ad earnings |
| ---------- | ----------- | ------------------ |
| ₩10,000    | ₩7,000      | ₩700               |

If, due to circumstances on the external platform, some ad revenue is not accurately aggregated by media, it is settled separately by partner company based on that day's revenue share.

* (Daily sum of ad media revenue per partner company / total daily lost revenue) \* total daily lost revenue = Lost ad media revenue per partner company per day

**Toss Ads**

When ads are served through Toss Ads, the amount after deducting 30% operating costs from ad revenue (VAT included) becomes ad revenue.

| Ad revenue | Ad earnings | VAT on ad earnings |
| ---------- | ----------- | ------------------ |
| ₩11,000    | ₩7,700      | ₩770               |

**Apps in Toss fee (15%)**

An additional 15% Apps in Toss fee is deducted from ad revenue. This fee is the cost of ad operation. A fee waiver promotion is currently in progress. It may change later with separate notice.

**Final settlement amount**

The final settlement amount is calculated based on the criteria below.

* From the amount obtained by adding ad revenue (Google AdMob, Toss Ads) and the VAT on it
* minus the Apps in Toss fee and the VAT on the fee

| Ad earnings | VAT on ad earnings | Apps in Toss fee | VAT on fee | Partner company settlement amount |
| ----------- | ------------------ | ---------------- | ---------- | --------------------------------- |
| ₩14,700     | ₩1,470             | ₩2,205           | ₩221       | ₩13,774                           |

Ad revenue must be reported as the partner company's sales. VAT on ad revenue is paid together with the settlement amount.

#### **Settlement process**

For business entity members, payment is made on the last day of the following month, calculated by business day, through the tax invoice approval process for the final revenue amount.

**Revenue payment process**

1. Sales generated in the current month
2. Settlement details confirmed on the 2nd business day of the following month and a reverse tax invoice issued by Toss
3. Reverse tax invoice approved by the 10th business day of the following month
4. Approved amount paid on the last day of the following month, calculated by business day

Revenue payment may be carried over in the following cases.

* If approval is not completed by the tax invoice approval deadline, or if re-approval is not completed within the deadline after the tax invoice is rejected
* If payment fails during the actual payment process due to insufficient supporting documents, an unavailable account, etc.
* Settlement during business registration grace period
  * Revenue continues to accumulate normally even during the business registration grace period.
  * To receive the current month’s revenue settlement, registration and approval of the business entity and settlement information must be completed by the end of the current month.
    * Example: For settlement amounts generated in January, approval is required by midnight on January 31.
  * Settlement amounts accumulated during the grace period are paid at the end of the month following the month in which business registration is completed.
    * Example: If settlement amounts were generated in January and registration of the business entity and settlement information was completed on February 15, the January and February settlement amounts are combined and paid at the end of March.
  * If the business registration grace period continues and 12 months pass with settlement payment on hold, Apps in Toss may pay the entire carried-over settlement amount to the partner company without late interest.
    * Apps in Toss can pay the remaining settlement amount only for revenue for which it can issue and approve tax invoices and file VAT. If the necessary information, such as settlement account details, is not provided, payment will continue to be deferred.
    * The statute of limitations for settlement receivables begins not from the time the business entity and settlement information are registered, but from the time the settlement receivable arises. Also, Apps in Toss is not obligated to pay late interest for the settlement payment deferral period.

Revenue eligible for settlement **5,000 won or less**If so, it is carried over and accumulated in the following month. For the distinction between general taxable business entities / simplified taxable business entities, please have the partner company select it directly in the console. Settlement is processed according to the configured information, and the business type cannot be changed after the settlement is finalized.

#### **Settlement guidance by business type**

The settlement method is automatically determined based on the business type set in the console. Before settlement, make sure that your business type is set correctly in the console.

**General taxable business entity**

* Settlement is processed based on tax invoice issuance.
* Tax invoices are handled only through reverse issuance approval, and Popbill membership and a certified certificate registration are required for smooth processing.
* Standard issuance is no longer supported, and cases processed through standard issuance are excluded from ad revenue payment.
  * If issued through standard issuance, cancel the standard issuance and reprocess it through reverse issuance approval.

**Simplified taxable business entity**

* Settlement for ad revenue is paid without issuing a tax invoice.
* After receiving the settlement amount, please issue a cash receipt for expense evidence directly in Hometax.
* Responsibility for non-issuance, delayed issuance, or incorrect issuance of cash receipts lies with the partner company.
* If no cash receipt is issued for settled ad revenue for more than 2 months, ad delivery may be temporarily suspended.

<figure><img src="https://941686070-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8pQgXiR5QAzduV54W8Om%2Fuploads%2FDXVc2lK4IOVfWKSmqdL8%2Fimage.png?alt=media&amp;token=510a0cca-bb3d-43ce-8d77-a5683cabbff4" alt=""><figcaption></figcaption></figure>

**If you need to change the business type**

* Please contact Channel Talk.
* Settlement is processed based on the console settings for the current month, so if you do not change it during the settlement month, it will not be reflected for that month.

#### **Tax invoice issuance**

There are **two types**of VAT related to in-app ads. **The tax invoice issuance method differs by type,**&#x73;o please make sure to check the details below.

**1) VAT on ad revenue**

VAT on ad revenue is **reverse-issued by Toss to the partner company**. The partner company **must approve it through Popbill** for the tax invoice to be finally issued.

{% hint style="info" %}
**What is reverse tax invoice issuance?**

It is a method in which Toss first prepares the tax invoice, and the partner company checks and approves it.

* **Toss (recipient)** prepares the tax invoice.

* **Partner company (supplier)** must approve it for issuance to be completed.

* If you do not approve it, the tax invoice will not be issued.
  {% endhint %}

* **By 3:00 PM on the 2nd business day of every month**: Approval request email for **reverse-issued tax invoice**is sent

* **The approval deadline is by the 4th business day of every month.**
  * If you do not approve within the deadline **the settlement payment will be carried over**.
  * If approval for reverse issuance is not completed within the deadline **2 or more times** the mini app operation may be suspended.
  * For the approval method, please refer to the **(Appendix) How to approve reverse-issued tax invoices**.

Tax-related work other than reverse-issued tax invoice approval is not supported or operated. Please check the attached **\[Toss] Popbill reverse-issued tax invoice guide manual**and then proceed with settlement.

{% file src="/files/8ac8a163e180ec9657846db4b8b76c3420822e8f" %}

※ VAT on ad revenue is not paid separately, but is included with the settlement amount when the settlement amount is paid.

**2) VAT on Apps in Toss fee**

* VAT on the Apps in Toss fee is **deducted in advance by Toss**.
* The tax invoice is **issued directly by Toss**.
* The tax invoice is **and is issued within the 3rd business day of each month**.

***

### In-app purchase settlement structure

In-app purchases incur both app marketplace fees and Toss fees. During the CBT period, a temporary 0% Toss fee is applied.

**Fee structure**

* **App marketplace fee:** 15% or 30% of the supply amount
  * 15% currently applies.
  * It may change to 30% if total revenue increases.
* **Toss fee:** 5% of the payment amount

The amount after deducting the Toss fee and VAT from the settlement amount paid by the app marketplace is paid to the partner company.

* The app marketplace settlement amount is converted to KRW by applying the exchange rate on the last day of the month, based on the first announced exchange rate of the Seoul Foreign Exchange Brokerage's standard rate.

**Apple**

| **Payment amount (VAT included)** | **(-) App marketplace fee (VAT included)** | **(-) Toss fee** | **(-) VAT on Toss fee** | **(=) Partner company settlement amount** |
| --------------------------------- | ------------------------------------------ | ---------------- | ----------------------- | ----------------------------------------- |
| ₩11,000                           | ₩1,650                                     | ₩550             | ₩55                     | ₩8,745                                    |

**Google**

| **Payment amount (VAT included)** | **(-) App marketplace fee** | **(-) Toss fee** | **(-) VAT on Toss fee** | **(=) Partner company settlement amount** |
| --------------------------------- | --------------------------- | ---------------- | ----------------------- | ----------------------------------------- |
| ₩11,000                           | ₩1,500                      | ₩550             | ₩55                     | ₩8,895                                    |

**Settlement schedule**

* Settlement payment: App marketplace (`App Store`) pays the amount settled to Toss within 3 business days from the day the payment is deposited
  * Example:
    * App marketplace pays May settlement amount to Toss (6/5)
    * Toss pays the May settlement amount to the partner company within 3 business days (\~6/8)

You can check it in Apps in Toss Console > Mini App > left-side Monetization menu > In-app Purchase > Settlement Details.

**Tax invoice**

* VAT is incurred on Apple fees. Instead of Apple, Toss issues the tax invoice.
* VAT on the Toss fee is deducted in advance by Toss before issuance.

#### **Tax invoice issuance**

For in-app purchase settlement, tax invoices are divided based on Apple fees and Toss fees.

**VAT on Apple fees**

* There is no separate VAT for Google in-app purchases.
* VAT is incurred on Apple's marketplace fee (15% or 30%).
* Apple does not directly issue tax invoices to partner companies. So Toss issues them instead.
* VAT on Apple fees is deducted first from Apple's settlement amount.
* The deducted VAT can be refunded later.

**VAT on Toss fee**

* VAT on the Toss fee is deducted in advance by Toss when the settlement amount is paid.
* Toss issues the tax invoice directly.

{% hint style="info" %}
**If the tax invoice amount differs from the sum of per-item settlement details**

* Tax invoices are issued in accordance with the National Tax Service's recommended standards.
* According to the guidelines of the electronic tax invoice system revised in May 2019, VAT is recalculated so that it equals 10% of the supply amount.
* If a tax invoice is issued by simply summing the per-item settlement details, it may not meet the National Tax Service's recommended standards.
* Therefore, after adjusting the amount based on the monthly settlement details, the tax invoice is issued for that amount.
  {% endhint %}

#### **Cash receipt**

For purchases made with a Google gift card, the partner company is obligated to issue a cash receipt within 5 days of the payment date.

* After December 1, 2025, Toss will issue cash receipts on your behalf. You do not need to issue them separately.
  * You can check the amount issued on behalf by Toss in Apps in Toss Console > In-app Purchase > Settlement Details.
* After checking whether each order was paid with a gift card, please issue or cancel the cash receipt according to the payment status.
  * Payment method information is updated 1 to 2 days after payment.
  * Refunds excluded from the settlement amount, such as app marketplace ex officio cancellations, must be treated as completed payments. In this case, do not cancel the cash receipt. Please also refer to the settlement report provided at the beginning of the following month.
* When a payment is refunded, the cash receipt for that payment is also canceled. This amount is deducted from the monthly aggregated amount.
* Issuance and cancellation records for cash receipts may be reflected in the aggregation about 3 business days after the payment date or refund date, depending on the National Tax Service processing schedule.

***

### Settlement structure for overseas partner companies

An overseas partner company refers to a partner company registered as a business entity outside the country. Overseas businesses use invoices instead of tax invoices.

* Sales are aggregated in KRW.
* Settlement amounts are generally paid in US dollars (USD), applying the first announced exchange rate of Hana Bank on the remittance date.
  * If you want to receive the settlement amount in KRW, you must register a KRW-denominated account when registering the business partner.
* The minimum settlement amount is 100 dollars. If the settlement amount is less than 100 dollars, payment is deferred to the next month.
* A remittance fee is incurred when settlement amounts are paid in USD.
  * Toss covers remittance fees incurred in Korea.
  * Fees incurred in other overseas regions are borne by the partner company.
  * If you need to change how remittance fees are borne, you can discuss it separately with Apps in Toss.

***

### Settlement policy by business type

#### In-app ads

**1) Simplified taxable business entity / business closed in previous month**

Simplified taxable business entities / businesses closed in the previous month do not have VAT on ad revenue.

<figure><img src="https://941686070-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8pQgXiR5QAzduV54W8Om%2Fuploads%2Fu4ta6jWJSzMSkuTU8741%2F%E1%84%89%E1%85%B3%E1%84%8F%E1%85%B3%E1%84%85%E1%85%B5%E1%86%AB%E1%84%89%E1%85%A3%E1%86%BA%202026-09-14%20%E1%84%8B%E1%85%A9%E1%84%8C%E1%85%A5%E1%86%AB%2010.42.58.png?alt=media&amp;token=29eab13c-2e75-44ae-b685-2c2656382dde" alt=""><figcaption></figcaption></figure>

**2) Overseas business entity**

Since overseas businesses cannot pay VAT on ad revenue, Toss pays it on their behalf, deducts it from the settlement amount, and pays the rest.

<figure><img src="https://941686070-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8pQgXiR5QAzduV54W8Om%2Fuploads%2FKFZo2kf6oR5ZrI22V0kV%2F%E1%84%89%E1%85%B3%E1%84%8F%E1%85%B3%E1%84%85%E1%85%B5%E1%86%AB%E1%84%89%E1%85%A3%E1%86%BA%202026-09-14%20%E1%84%8B%E1%85%A9%E1%84%8C%E1%85%A5%E1%86%AB%2010.43.18.png?alt=media&amp;token=78dc723a-764b-4075-922f-1a2c088a562a" alt=""><figcaption></figcaption></figure>

#### In-app purchases

\*Consumer payment amount ₩11,000 / based on Apple

**1) Simplified taxable business entity / business closed in previous month**

* Simplified taxable business entities/closed businesses cannot receive input VAT credits and do not file VAT returns.
* Of the ₩1,000 VAT paid by the consumer, Toss pays on behalf the remaining ₩795 after excluding the amounts already paid by the market (₩150) and Toss (₩55), and deducts it from the settlement amount before paying.

<figure><img src="https://941686070-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8pQgXiR5QAzduV54W8Om%2Fuploads%2FfOfKHqpzQ1vLcpqbMeh9%2F%E1%84%89%E1%85%B3%E1%84%8F%E1%85%B3%E1%84%85%E1%85%B5%E1%86%AB%E1%84%89%E1%85%A3%E1%86%BA%202026-09-14%20%E1%84%8B%E1%85%A9%E1%84%8C%E1%85%A5%E1%86%AB%2010.46.15.png?alt=media&amp;token=12760984-57b8-4875-9fba-edeea8139569" alt=""><figcaption></figcaption></figure>

**Overseas business entity**

* VAT excluding the market fee portion is paid on behalf by Toss, deducted from the settlement amount, and paid.

<figure><img src="https://941686070-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8pQgXiR5QAzduV54W8Om%2Fuploads%2Ffb2NuuYV607yfsUV6HG9%2F%E1%84%89%E1%85%B3%E1%84%8F%E1%85%B3%E1%84%85%E1%85%B5%E1%86%AB%E1%84%89%E1%85%A3%E1%86%BA%202026-09-14%20%E1%84%8B%E1%85%A9%E1%84%8C%E1%85%A5%E1%86%AB%2010.47.16.png?alt=media&amp;token=08ddd31b-d0ca-472c-bc69-69c9a48fa8b1" alt=""><figcaption></figcaption></figure>

#### Retroactive VAT application when business type changes

If the business type changes while payment is on hold, **based on the business type at the time the actual payment is made,** VAT is applied in a lump sum.

**Cases excluded from retroactive application:**

* Cases where the tax invoice has already been approved or issued
* Transactions by simplified taxable business entities that are not subject to tax invoice approval
* Amount of uncollected receivables

***

### Biz Wallet

Biz Wallet is the amount you preload in advance in Toss to run promotions.

* It is used when awarding Toss Points or sending ad push notifications in promotions.
* Currently, it can only be topped up with a credit card (including corporate cards).

**Usage history**

In My Workspace > left-side Biz Wallet menu, you can check the following information in real time in Usage History.

* This month’s top-ups, refunds, usage, and reimbursements
* Amount currently available for use

**Please make sure to know the following regarding usage history.**

* Usage items are updated when the marketing is registered. Whether the user actually received the points is checked in the invoice.
* The reimbursement item is the difference between the expected budget at the time of marketing registration and the actual budget used. It is reimbursed within 1 to 2 days after the marketing ends.
* The amount currently available for use is `calculated as Top-up amount - (Refund amount + Usage amount) + Reimbursement amount.`This amount is based on usage amounts, not actual spending, so it may differ from the invoice amount.

**Invoice**

You can check the invoice in My Workspace > left-side Biz Wallet menu > View Invoice. In the invoice, you can see monthly settlement details, and it is updated between the 1st and 2nd day of the following month.

* This month’s top-ups, refunds, actual usage history
* Beginning balance and ending balance

***

### Promotion (Toss Points)

**Billing structure**

* When you register a promotion, the set budget is first deducted from the Biz Wallet.
* When the promotion ends, it is recalculated based on the actual budget used, and the remaining amount is automatically reimbursed.
* Toss Points are points given free of charge. Therefore, VAT and tax invoices do not apply.

***

### Ad push fee

**Billing structure**

Ad push costs are calculated in two stages.

* When registering a push `Estimated number of sends × fee per send` is first deducted from the Biz Wallet based on
* After actual sending is completed `number of successful sends × fee per send` is recalculated based on this. The difference is automatically reimbursed.
* The current fee per send is 0 won. If a fee is introduced later, we will notify you in advance.

**Example**

| Number of sends | Fee per send | VAT per send | Fee per send (VAT included) | Sending cost |
| --------------- | ------------ | ------------ | --------------------------- | ------------ |
| 100             | ₩9           | ₩0.9         | ₩9.9                        | ₩990         |

**Tax invoice issuance**

Tax invoices for ad push costs are calculated based on the number of successful sends. The tax invoice is issued by the 3rd business day of each month.


---

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