When and how will I be paid?
Briefly: Payment Schedule
- 01 - 10th of each month: Accounting for the previous month will be completed and a Revenue Report will be provided to you.
- 15 - 31th of each month: We will pay your earnings for the previous month.
More Detailed
You can choose between PayPal, Wise, SWIFT and SEPA to be paid. All payouts and accounting reports are in U.S. dollars by default. Each month is one billing cycle. At the beginning of each new month, we issue a statement for the total sales transactions of the previous month. Payments are following a NET-30 procedure, which means that income from the previous month is paid to you within 30 days.
Example
- Between January 1st and January 31st, your product has be sold a total of 10 times for $10 each (= $100). Between February 1st and February 10th, we will send you an invoice showing the number of total sales in January - the billing period - and the commission (Wholesale Price we need to pay you) due to you in this billing period. In this example you are an exclusive author, which means that you are entitled to 75% per sale, and we keep 25% as our Author Fee. This results in a Wholesale Price of $75 to you. We will pay you your commission within 30 days (NET-30) after the end of a billing period, i.e. after the end of the respective month. Thus, you can expect your payout by the end of February at the latest.
- We aim to send all payments for revenue generated in the previous month by around the 15th of the following month.
Payout Fees
We do not charge payout fees. However, please note that additional money transfer fees and conversion fees are at your expense. Depending on the payment option you choose, there might be additional fees charged by your bank or financial institution, on which we do not have influence.
Taxes
If or where required by applicable law, all payouts may be subject to tax, depending on your local laws. Please contact a tax advisor who will advise you of your tax responsibilities in this case. In particular, if you are a resident of the European Union, you must regularly report the amounts paid by us to your tax authorities. Please contact your tax advisor to inform you about your obligations.