Fees

Summary

Artcore is a marketplace that operates using a revenue share model. When a sale takes place, the buyer pays the purchase cost plus any vst/gst/sales tax as we are obliged to apply.

Artcore takes a percentage commission of the pre tax amount. The seller gets the rest, minus the proportional cost of the payment processor's fees (eg paypal).

If the buyer is purchasing in a different currency then we will perform the conversion and deduct a small currency conversion charge.

Fees
Digital Downloads
  • Our standard revenue share for Digital Downloads is 20% which is deducted at checkout.
  • Paypal charge a processing fee that ranges from approximately 4% to 10% (dependant on basket size) which is deducted at checkout and a payout fee of approx 2% of the payout amount (capped to £60, €70, $90) which is deducted at payout.
Merch (including physical)
  • Our standard revenue share for Merch is 15% which is deducted as a platform fee at checkout.
  • Stripe charges a processing fee which is deducted at checkout.
  • If we determine that a sale of merch is a cross border sale into the EU or UK and where IOSS or Non Union OSS apply, then we will we apply a £1.00 surcharge that is added to the customer's shipping cost and deducted as part of our platform fee. This allows us to collect VAT and provide an IOSS number so that the delivery goes direct to door and customer does not have to pay tax on receipt of goods.
Revenue share discounts
  • Promotional and incentivised discounts may be applied to reduce the revenue share. The minimum revenue share after discounts is 1%
Promotions and Incentives

We offer discounted incentives

  • an additional 0.25% is deducted for each other artist/label invited who goes on to complete a sale (for 1 year)
  • keep up to 93% when you reach minimum 1% commission (based on medium basket size and overall paypal fee of 6%)
Example for digital downloads

2 tracks are bought from different sellers. One track costs £1 and the other costs £2. Both sellers on the standard 20% revenue share.

  • The buyer is charge £3.60 including VAT.
  • £0.60 is paid to tax authorities
  • Artcore keeps £0.60 (20% of £3)
  • The Paypal fee for small transactions is £0.05 + 5% = £0.23 (split £0.08/0.15p between sellers)
  • Seller 1 is allocated £0.72
  • Seller 2 is allocated £1.45
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