Commission and Fees Policy - valid from 30 January 2019

This document is valid from 30 January 2019.

The below Commission and Fees Policy is valid from 30 January 2019 and has to be read in conjunction with the corresponding version of the Seller Terms and Conditions valid from 30 January 2019. For previous version of this document refer to this document.

Valid from 30 January 2019

Seller Plan Fees

To sell Artworks through the Platform, a Seller must have a Seller Plan Subscription.

A Seller Plan Subscription chosen by the Seller will determine the Seller Plan Fees payable monthly in advance to Artfinder, the level of Commission that Artfinder is entitled to charge the Seller for each Artwork sold, and which Platform features are available to the Seller.

The Seller Plan Subscriptions and corresponding Seller Plan Fees / Commission percentages available are:

Seller Plan Subscription Seller Currency Seller Plan Fee Commission Restrictions/Features
Starter Plan N/A No monthly fee 40%
plus VAT in EU
- Maximum 30 Artwork listings
- Starter Plan features*
Standard Plan GBP £4ⱽ 33%
plus VAT in EU
- Unlimited Artwork listings
- Starter Plan features*
- Standard Plan features*
EUR €5ⱽ
USD $5
Professional Plan GBP £10ⱽ 33%
plus VAT in EU
- Unlimited Artwork listings
- Starter Plan features*
- Standard Plan features*
- Professional Plan features*
EUR €12ⱽ
USD $12

Plan price with this symbol includes VAT for sellers based in the EU
* Please refer to the plan selection page within Seller’s shop management portal for a full list of features

Sellers must choose a Seller Plan Subscription level at the time of registration with the Platform. Each month is a non-refundable advance purchase of that level of Seller Plan Subscription for the applicable month and it will automatically renew every month. Sellers can change their Seller Plan Subscription by updating their settings at any time.

Plan upgrades and downgrades

In case of a Seller Plan Subscription upgrade the new level will apply immediately, with any pro-rated fee difference between the old and the new plans charged immediately.

In case of a Seller Plan Subscription downgrade the new level will apply from the next renewal date.

Commission

For all Artworks sold through the Platform, each Seller must pay to Artfinder commission (plus any applicable VAT) based on the % applicable to their Seller Plan Subscription. Commission is calculated on the final Price at which the Artwork is sold under the relevant Contract in accordance with the Seller Terms and Conditions (Commission).

Commission is applied to the final price of the Artworks sold only, and not to your applied Delivery Charges.

For Artworks discounted by you through the Artfinder ‘Sale’ and ‘Make an Offer’ functionalities or made by us as authorised by you under Clause 3.2 of the Seller Terms and Conditions, the Commission will be calculated according to the reduced Price at which the Customer purchases the Artwork under the Contract. From 15th January 2016 this will also apply to all Artworks that are discounted through the use of an ‘Artist-Generated Discount Code’.

Unless offered pursuant to your authority under Clause 3.2 of the Seller Terms and Conditions or otherwise expressly agreed by you, any Platform-wide discounts and promotions offered to Customers on the Platform will be absorbed in full by Artfinder.

Value Added Tax - Applicable to Sellers based in the UK and EU only

We are obliged to charge 20% VAT on our Seller Plan Fees and Commission to all sellers based in the UK and the European Union.

For Sellers based in the EU (but not in the UK) that are VAT registered and have provided us with a valid VAT (or equivalent) registration number VAT will not be charged as is subject to reverse charge procedure. Please note Artfinder may require sufficient evidence of the registration that is acceptable to HM Revenue & Customs and as required under EU law and regulation.

Invoicing and Statements

Artfinder will raise an invoice at the beginning of each month in respect of the Seller Plan Fee and charge it to the payment method stored in the Artist’s account.

Artfinder will raise an invoice for each payment run in respect of the Commission. This will be accessible to download from the ‘Billing’ section of your Seller Account. You will receive notice of this by email, along with a scheduled date for payment in accordance with the payment provisions in the Seller Terms and Conditions.

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