Stem pays out earnings from both the sound recording (master royalties) and the composition (mechanical royalties on US digital downloads only).
To streamline collaborator/shareholder payments through Stem, use our Splits feature to add sound recording splits and shareholders to each track on a release. This creates a contract amongst shareholders. Since Stem works on a consensus model, payments are made once all splits on a contract have been agreed upon by each shareholder. A contract with 100% consensus amongst shareholders is considered "finalized" and payable. You may read more about accepting splits here.
Earnings from finalized sound recording and composition contracts are paid on the 15th of each month, as long as the splits have been finalized prior to the start of each month (ex: splits accepted on February 2nd will be paid on March 15th).
Note: Prior to August 2020, your payments may appear in your bank statements from "Qwil Inc." After this date, they will appear in your bank statements from "Stem Disintermedia Inc."