FAQ – SALESROOM: ARTIST PAYMENTS & SECURITY OF PERSONAL INFORMATION
All selling artists in the ArtSlant SalesRoom receive timely payments for works sold, as well as detailed invoices on each sale.
ArtSlant selling artists are paid either by Paypal Account (US and international) or by Check (US residents only). No wire transfers or other payment methods are available.
Upon completing the registration to become a selling artist, each artist provides information on their preferred method of payment.
US Residents: To be paid by check, artist must provide a Social Security Number (SSN) or Tax ID number (EIN) for IRS reporting purposes.
Payment for Work
Each artist sets their own pricing. Upon sale of your work, ArtSlant will send you the payment according to the Artist Price you have listed for the sold work.
Calculating Final Price on ArtSlant
ArtSlant adds a 25% buyer's fee to all prices; the total price will appear on the website.
To calculate the total list price that will appear on the website based on the artist asking price,=, simply take the artist asking price and add 25%.
To calculate the artist price from a total list price, then deduct 20% from the total list price.
As an example;
If you want to achieve a list price of $1000 for a work, subtract 20% from that price and you get $800; therefore, the artist asking price should be $800. A 25% markup applied to the artist price of $800 gets you to 1.25 x 800 = 1000.
In summary, a 25% markup over the artist price is the same as a 20% discount from list price.
Timing of Payments
Buyers of both Original works and Digital Edition prints must provide payment information upon purchase. The buyer’s funds are held by ArtSlant until notification of receipt of shipment and acceptance has been received, or until the 30-day guarantee period has elapsed. Upon either of these markers, the artist’s royalty is paid through Paypal or by check (check for US residents only) to the artist. The artist receives a statement covering the sale.
Note: In the event the artist has been paid for a work and a return follows for approved reasons, ArtSlant will deduct the refund amount from artist’s account.
Many artists have questions about website security with regards to private information such as social security numbers, contact information and personal addresses, and bank/financing information.
Here are our policies and procedures, which ensure that ArtSlant is a safe and state of the art e-commerce platform.
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