If you want to act as a vendor on this website, it is your right to know how to calculate commissions. Knowing this is related to your income. When you choose to become a vendor, four packages can be selected. Subscription packages have a common feature: Unlimited file uploads. The difference is in the amount of commissions.
You can choose or change the appropriate package according to your sales policies. If we decide to change commissions for any reason, we will notify you before any changes.
Depending on which package you choose, the website commissions are as follows:
- Free Plan: 9.99% – Forever / Per sale
- Starter Package: 8.99% – Subscription on 6 months / Per sale
- Mid Package: 7.99% – Subscription on 9 months / Per sale
- Big Package: 6.99% – Subscription on 1 year / Per sale
Except commissions, taxes may also be deducted at the time of sale. Depending on whether you are a US citizen or not, it is different.
US federal tax law requires Vidopic to collect US Author tax information through an IRS Form W-9 and report on income paid. If you are a U.S. citizen or resident alien, then no matter where you are worldwide you can submit a Form W-9 to Vidopic to satisfy your filing requirement. Typically there will be no withholding of taxes on any of your Vidopic income. If you do not submit a valid Form W-9, Vidopic will be required to deduct 24% withholding tax from sales proceeds and remit these directly to the Internal Revenue Service.
If you are not a US person, download W-8 form (W8-BEN for an individual and W8-BEN-E for a corporation) and enter your information, then upload it. This PDF file is editable and you can enter your information. After completing the form, use the Browse button and select the file from your device, and then click the Save button at the bottom of this page. If everything is right, you will encounter a successful upload message. If you do not submit a valid Form W-8, Vidopic will be required to deduct 30% withholding tax from sales proceeds and remit these directly to the Internal Revenue Service.
You can download these forms in Profile Setting page.
3. Texas dealers
If you come from Texas, 8.25% tax will be deducted from your sales.
4. Paypal fees
Currently, PayPal and Stripe are online payment methods on the Vidopic website. When the buyer buys the file from you, after deducting the costs mentioned above (if any), your money will be paid directly to your PayPal account or Stripe. At this time, PayPal or Stripe deducts a percentage as Fee. Your bills will be visible in your dashboard.
To use the site services, you must have a PayPal or Stripe approved account. Be sure to verify your account by them.
Important note: This document could be updated every month; however this content should be checked periodically.