Home Forums For Musician Musician Chat & Support (Language: English) [2018/10/12]Commission Payments are Now Processed through the Bank

This topic contains 0 replies, has 1 voice, and was last updated by  100Market-Raku 5 years, 6 months ago.

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    100Market-Raku
    Participant

    ——————————————————————————–Updated in December 2018——————————————————————————–

    Thanks to enthusiastic participation of artists, the amount we are paying now increases but the bank rejects our payment requests with a small amount of payment recently.

    To provide timely withdrawal for our authors, 100Audio seriously negotiated with banks and we hereby suggest and declare that the official minimum withdrawal amount should be adjusted to 480USD, otherwise, banks will refuse and return the payment requests.

    Special notes:
    100Audio will also specially help with authors whose total income is less than 480USD once in half a year.

    Thanks for your understanding and cooperation!

    ——————————————————————————–Updated in December 2018——————————————————————————–

    We are receiving inquiries about the availability of  PayPal and Payoneer and here are some explanations for it:

    1. Technically we support PayPal and Payoneer.
    2. We handle a very large amount of payment for our authors. For security and some political reasons, there is a transaction limit for PayPal and Payoneer US dollar from the government, which restricts, not only ours but all the overseas payments.

    Therefore we only support bank transfer (SWIFT) for the moment.

    Thank you for your understanding.

    —————————————————————————————–Original Post——————————————————————————————

     

    Dear musicians,

    Due to national regulations, we are experiencing difficulties making US dollars payments with PayPal and Payoneer.

    100Audio uses bank transfer for your commissions, starting from October. Your existing Paypal/Payoneer information will be invalid.

    In order not to hold up your withdrawal, please update your bank information using this page: https://100audio.com/en/vendor-dashboard/complete-your-payment-information/

    For musicians who have already applied for a withdrawal for the October payment by Paypal or Payoneer (prior to this post), it will still be processed but note that the next payment will be using the bank.

    Thank you!

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