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.
Progressive Commission Structure for Orders in USD, GBP, and CAD for USD, GBP, CAD, NZD, and AUD Invoices
We are excited to announce new commission % changes that aim to provide a fairer structure for artists submitting invoices in USD, GBP, CAD, NZD, and AUD. These adjustments will ensure that artists retain a greater portion of their earnings with any client as they grow their businesses. This commission system applies a different rate to each portion of the invoice as it reaches higher brackets, similar to how tax slabs work
This also allows artists to bring future jobs with the client at smaller commission % and still use all the benefits of Book An Artist.
Note - This only applies at Order level. As in the commission % is reduced if the total project value with any client is starting to exceed $10K (USD).
Commission Slabs for USD, GBP, and CAD:
For invoices generated for any order in USD, GBP, and CAD, the commission structure is as follows:
$0 to $10,000: 20% commission
$10,001 to $15,000: 15% commission (for each dollar above $10,000)
$15,001 to $20,000: 10% commission (for each dollar above $15,000)
Above $20,000: 5% commission (for each dollar above $20,000)
Example Calculation:
For instance, if an artist submits an invoice totaling $25,000, the commission will be calculated as follows:From $0 to $10,000:
Commission = 20% of $10,000 = $2,000
From $10,000 to $15,000:
Commission = 15% of $5,000 (the gap) = $750
From $15,000 to $20,000:
Commission = 10% of $5,000 (the gap) = $500
Above $20,000:
Commission = 5% of $5,000 (the remaining amount) = $250
Total Commission:
Adding these amounts together gives us the following:
$2,000 + $750 + $500 + $250 = $3,500
Thus, for a total invoice of $25,000, the commission will be $3,500, which equates to 14% of the invoice.
Commission Slabs for NZD and AUD:
For invoices generated in NZD and AUD, the commission structure is as follows:
From $0 to $15,000: 20% commission
From $15,001 to $20,000: 15% commission (for each dollar above $15,000)
From $20,001 to $25,000: 10% commission (for each dollar above $20,000)
Above $25,001: 5% commission (for each dollar above $25,000)
This new commission structure aims to reward artists progressively as their invoice amounts increase. We believe this change will empower artists and encourage them to continue producing outstanding work.
Deposit Structure
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 the 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 Dubai, India, Japan, Nigeria, Ukraine 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.