• This policy covers the manner of payouts as well as the functions of the account wallet.
• Your account wallet displays a new transaction every time an amount is credited to or debited from it. The option of wallet top-up is not available.
• You receive a credit transaction of an amount equivalent to twenty-five euros in your account wallet for every accepted offer to sell made by you in the prescribed manner, irrespective of the price of the product that your client might purchase.
• If a client of yours fails to purchase a copy of the licensed work within the stipulated time, the amount of the corresponding prospective profit is debited from your account wallet.
• The amount displayed in your account wallet is for account keeping and informative purposes only. This means that this amount cannot be spent for purchases on the website or elsewhere on the Internet, but can only be paid out to you on the directions of the administrator, as per this policy, to your receiving account, the details of which can be saved by you on your Account page.
• To receive payouts, go to Account > Payouts, enter your receiving account details, and click ‘Link account’.
• Payouts are made to your receiving account in your account’s currency at the prevailing interbank exchange rates.
• Payouts may not include the entire wallet amount. Only the amount of profits accrued from successful distributions is paid out. Remaining amount in the wallet, if any, is paid out if and when prospective profits turn into profits from successful distributions.
• Funds are transferred periodically, as payouts of profits from your successful distributions, to your receiving account, after you link and verify it.
• Usually, it takes 180 days to execute a payout, however, it may take further time owing to circumstances beyond the control of the administrator and the first party to the terms and conditions.
• No payout is executed for a distribution which is not made in the prescribed manner, or made prior to getting an extended license, or for a distribution to yourself by typing in your own user ID in the field when hitting the ‘Get license’ button.
• Subject to the following clause, when an amount is paid out to you, an equivalent amount is debited from your account wallet.
• Subject to the law, all applicable taxes, whether withholding or of any other classification, government fees, transaction fees, currency conversion fees, taxes on transactions, and all other charges and expenses are deducted from the payout amount by this website, its administrator, partners, contractors, or agents, the first party to the terms and conditions, government agencies, and the concerned third parties including but not limited to financial institutions, before the funds are transferred to your receiving account. For example, if your payout amount is one thousand euros and the fees and taxes etc. on the transaction are three hundred euros, you will receive seven hundred euros in your receiving account.
• Subject to the law, and regardless of the deduction of taxes (including withholding tax) under the preceding clause, you shall be solely responsible for the payment of any and all applicable taxes, including but not limited to income tax, arising from or related to your use of the extended license.
• Payouts shall not be executed if the payout amount would become equal to or less than zero after deduction of fees, charges, and taxes.
• The information contained in this policy should not be considered legal or tax advice. Please consult qualified legal and tax professionals before taking any decision.
• All words, terms, and phrases used in this policy including “offer to sell in the prescribed manner”, “profits from successful distributions”, “prospective profits”, and “successful distribution” have the same meanings as those assigned to them in section 22 of the terms and conditions.

Effective since: 2024-04-04