Steady sells memberships (and certain services included with them) to your members. Part of the License and Distribution Agreement is that you give Steady the right to distribute the content and services you provide through your Steady site or other Steady tools (such as the paywall) to your members. In return, the license agreement also governs the compensation you receive.
The amount of compensation depends on the net revenue (that is the sum of the revenues minus value-added tax or VAT) that Steady receives from the sale of your memberships. From this amount, Steady deducts its fee, as well as the payment costs incurred (e.g. PayPal fees, credit card fees and direct debit fees). Billing occurs monthly. Steady will create a credit note and transfer your income once a month.