YouTube Partner Confusion--Lots o' questions about making money

So my YouTube account was just recently accepted as a Partner, but I’m totally perplexed by some of the new options I can now access.

So it seems every video I’ve uploaded now has a “Claim” options. If I click it, it gives several options, such as “Policy settings” where I can block it in all countries, monetize in all countries, or track in all countries. Below that is the “Video metadata” section which contains the video’s title, but a blank “description” box (why can’t it just grab it from the video itself, like the title?), as well as an (optional) notes box, and finally a unique ID number (what is that for?) Finally, at the very bottom is a checkbox that seems to be automatically checked which “allows InVideo advertising for this video.”

So I’m totally confused by all this, and I have a few questions:

  1. What does “claiming” a video do?

  2. Do I have to “claim” a video in order for it to start being monetized? In other words, are my videos automatically making me money now, or do I have to go through all 400+ and “claim” them individually?

  3. How does the Policy setting affect the monetization? Do I have to select “monetize in all countries” in order for it to actually make money? What happens if I choose “monetize in all countries” but uncheck the “allow inVideo advertising” box?

So I’m totally lost–any help to clarify this would be much appreciated.

http://www.youtube.com/t/partnerships_faq

ETA: YouTube Partner Program - YouTube Help

Thanks, those actually helped a lot. I can’t seem to find what “Custom ID” means when Claiming a video. Can I put anything I want there? What does it do?

Weird - I don’t see any of those options - although only one of my videos is in the partnership thing - all I got was a link to set it up that went to a declaration form - after that, it turned up in a category called ‘revenue share videos’ - and the money just goes into my AdSense account.