At Book An Artist, we're excited to introduce new payment updates. These updates clarify how deposits and payouts will be handled across different types of projects.
These changes will go live from 16th September, 2024 for all new Offers(i.e Invoices/Quotes), any offers before 16th September, 2024 will not be affected.
New Artist - First 2 Projects
If you are a new artist on the platform who has yet to complete a project on Book An Artist, the full payment will be held and will be released upon project completion for first 2 projects.
Existing Artist
For all project categories, the following table outlines how the deposit is split between BAA Payout and the Artist Payout. Depending on the deposit % requested by the artist, the deposit payment is paid out to Artist and Book An Artist as per the below table.
This only applies if the Customer chooses to release the deposit. They can also hold these funds on their end.
Note: In all these cases, BAA commission remains 20%, there is no change to that. The table only shows how the payout will change.
Deposit % of the Total Value Paid by the Client | Artists Payout % | BAA Payout % |
5% | 2.5% | 2.5% |
10% | 5% | 5% |
15% | 7.5% | 7.5% |
20% | 10% | 10% |
25% | 12.5% | 12.5% |
30% | 15% | 15% |
32% | 16% | 16% |
35% | 17.5% | 17.5% |
40% | 20% | 20% |
43% | 23% | 20% |
45% | 25% | 20% |
50% | 30% | 20% |
55% | 35% | 20% |
60% | 40% | 20% |
65% | 45% | 20% |
70% | 50% | 20% |
75% | 55% | 20% |
(For example: For a Project with a total invoice of $2000, which has been divided as:
Deposit - $800
Remaining payment - $1200
Here in example as you can see the deposit being $800 which is 40% of the total invoice amount($2000).
On comparing to the above table -
40% means that you would be getting 20% of $2000 which is $400
and our commission would be 20% of $2000 which is $400)
For Artists located in India and South Africa, the full amount will be held in escrow and released upon order completion.
Need help? Contact the support team via your artist panel by clicking on the support button.