CryptoComics Payments and Commissions
This document outlines how CryptoComics pays sellers and publishers in the CryptoComics Marketplace.
There are multiple ways to sell digital products through the CryptoComics Marketplace. The following describes the way digital media content can be bought and sold in the Marketplace:
Blockchain Digital Collectibles.
Creators and publishers ("Owners") can upload their digital media to be sold as a digital collectible NFT, or non fungible token, on any of the available blockchains. These are digital collectible blockchain copies of media items that can be accessed through the Marketplace reader, and at the discretion of the creator/publisher, be available as a PDF download.
Blockchain digital collectibles (NFTs) can be resold by the purchaser ("Sellers") at any time through the CryptoComics Marketplace. These NFTs can be transferred to an external wallet and stored there, and when possible, sold on other exchanges.
Non Blockchain digital items.
All media items can also be sold using fiat currency (credit card / debit), but will NOT be sold as digital collectibles. These are off-chain items that can be read through the Marketplace reader, or at the discretion of the creator/publisher, available as a PDF download.
Borrowing Library.
Owners, at their discretion, can make their media content available through the Borrowing Library. These items can be viewed at no cost for a pre-determined period ("Borrowing Period") of time set by the Owner. When the Borrowing Period expires, the book will no longer be available to view for that user, and must be purchased to be viewed further.
For any Blockchain Digital Collectible content you own the rights to and publish to the CryptoComics Marketplace, you will be paid 80% royalties of the Listing Price, minus taxes, gas fees, or other applicable withholdings required by law.
As the original publisher of the content, you will earn 10% royalties of the Listing Price anytime a book you published to the Marketplace is resold by another user within the Marketplace.
For any Non blockchain Digital Media Item sold in the Marketplace, the Owner will receive 70% royalties of the Listing Price, minus taxes, fees, or other applicable withholdings required by law.
If you choose to sell a Blockchain Digital Collectible you have purchased in the Marketplace to another user, as the Seller, you will earn 80% of the Listing Price you set, minus taxes and other applicable withholdings.
Non blockchain digital media items cannot be resold.
Where applicable, all members of CryptoComics can be eligible for bonuses based on sales and engagement in the Marketplace.
The dispersal of funds and eligibility of the bonus plan is at the discretion of CryptoComics. CryptoComics may choose to pause or stop the bonus program at any time, without notice. No payments or other bonuses are guaranteed. Bonus payments are subject to all applicable laws and regulations.
Payments will be held in your CryptoComics account or deposited into your Wallet, depending on the status of your account and currency type of payments.
Payments will be made to sellers in the currency in which they were sold. For any items sold on the Ethereum Blockchain, payments will be remitted in Ethereum. For items sold on the Polygon chain, sellers will be paid in Matic. For items sold by credit or debit card, payments will be made in USD. This applies to any current and future currency types allowed in the Marketplace.
We are not a currency exchange. Blockchain Digital Collectibles cannot be purchased with credit card or other fiat currency, and funds cannot be transferred from one currency type to another within the Marketplace. All currencies must be withdrawn from the Marketplace in the same currency as which they were collected from the buyer.
You can withdraw your royalties earned from making sales in the Marketplace in the predetermined currency (minus any required holding period as defined in the Publisher Terms and Conditions or the Selling Policies) at any time.
A minimum withdrawal amount of the equivalent of 100 USD is required to withdraw your funds from the Marketplace. New accounts may also have a Probationary Period before they are allowed to withdraw funds from their account, as defined in the Selling Policies and Publishing Terms and Conditions. That amount is subject to change at the discretion of CryptoComics.
All royalties made from the sell of digital media items will be paid in USD to the owners' PayPal account. You must have submitted all relevant tax documents before your funds may be withdrawn. Additional options for withdrawing funds may be added, and availability is subject to change at the discretion of CryptoComics.
Out-of-Marketplace Sales
Any sales made outside of the CryptoComics Marketplace will be paid in accordance to sales status of the seller within the CryptoComics Marketplace from a pooled fund. These payments will be made at the discretion of CryptoComics, in the currency determined by CryptoComics, and subject to any applicable laws. This is subject to change.
CryptoComics may be required to pay taxes or other fees such as blockchain fees, and those amounts may be withheld from your payments as required by law. CryptoComics reserves the right to escrow necessary withholdings for Ethereum transactions or other fiat currencies.
As a seller on CryptoComics, you may be required to fill out or maintain certain tax documents to comply with relevant tax laws.