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Payments


When you sell an artwork, you will receive 60% of the final sale price of your artwork. For Resale the artist will receive 5%.  We offer secure payments by PayPal. For more information on all things pertaining to how our payments for the artists work, please continue reading below.

Our payments policy is a part of our Terms of Service. By uploading your artwork to Rising Art Star, you are agreeing to this policy and our Terms of Service. Please read and understand this document thoroughly as it is legally binding for all artists on Rising Art Star. This article will cover the following topics: 

 

 

REQUESTING AND RECEIVING PAYMENTS

We will use PayPal to pay your commission for sold artwork. You must have a PayPal account that is valid and active in order to receive payment. This ensures that your payment request will not be declined and that you are paid as quickly as possible.

 

How To Set Up Payment Preparation:

Step 1: Upload your tax form – If you haven’t already done so, please upload a tax form to us online through this page, Upload Tax Form page. Before processing your payout request, we need a fully completed tax form.  We will issue payment towards the full legal name (not artist name) that is listed on the tax form we have in our records.

Step A Select "Choose Files" to browse for the image of your photo ID on your computer.

 

Step B – If you operate under a different name than what is on your government issued ID, enter your LEGAL name below. We will not make this information public.  Also enter the email address that you used to create your account with our online gallery. Then select "Upload". 


 

To download the proper tax form, please select the link that applies to you:

What tax form do U.S. Artists submit?
What tax form(s) do Non-U.S. Artists submit?

If you have further questions about taxes, please scroll down to browse the Taxes article.

Step 2: We will use PayPal as the payment method 

  • PayPal – You must have an existing PayPal account. We have found from past experience that PayPal is the fastest way to send funds to our artists. Rising Art Star will incur all fees when transferring money to your PayPall account (Note: Rising Art Star will not cover conversion or bank fees in PayPal).

Step 3: Confirm that your account is valid – You must confirm that your account is prepared to receive funds from Rising Art Star before your funds become available in your Sales Dashboard. This is to ensure that payments from Rising Art Star do not bounce or are rejected by your account. 

Step 4:  For the sale of an original artwork, after ten (10) days from the date of delivery and the collector is satisfied with the artwork, your payment will be available. We'll send you an email notification to let you know that your funds are ready for payout. To request payout, please send us an email.

  • (*There are no fees on the transaction from Rising Art Star to your PayPal. However, please keep in mind that PayPal may apply conversion fees or fees when you transfer from PayPal to your bank. This is a PayPal policy. Please contact PayPal for more information their transaction fees.)
  • Note: If you are an artist in Ukraine, PayPal may not be an option for you. We've had complications in the past with PayPal Ukraine restricting international payments. Please consult with your Payal account to confirm that you are able to receive international payments prior to you requesting your payout through your Sales Dashboard.)
  • Please ensure that your PayPal account is active and there are no restrictions placed on your account.  If there are restrictions on your account, contact PayPal immediately to address these issues to avoid any delays in receiving payment from Rising Art Star. Please also confirm that your email address connected to your PayPal account is up to date and free of spelling errors.
  • Provide your PayPal email address.  Be certain to review your email for any misspellings.
  • It's very important to note that we only accept PayPal email addresses. If you send a PayPal URL or Link, your payment will be rejected. 

  

 

Concerning multiple payouts at once:

At this time we don’t allow artists to request multiple payouts. If you've requested a payout for an earlier sale which is still "Pending," you must wait for that payout to be "Sent" before you may submit another request.

 

 

COMMISSION

If you sell an original work, Rising Art Star will receive a 40% commission on the final sale price. If a promotional discount code is offered, the discount will be deducted from the price of the artwork and the 60/40 commission split will then be calculated. (See below for more information on Promotional Discounts)

 

 

ABOUT PROMOTIONAL DISCOUNTS 

If a discount has been applied to your sale, it's because the collector redeemed a special promotional discount while purchasing your work. On occasion, we offer promotional discounts as an incentive for new and returning collectors to explore the constantly changing selection of artwork on our site. We find that offering promotions from time to time allows artists to gain the attention of collectors previously unaware of their work and a better chance to make future sales. 

The discount codes typically give collectors between 10% - 20% off original works, and do not exceed these amounts. For works sold to the trade - interior designers and architects, for example - we give tiered discounts of 10% - 20% off original works.

If you sell an original work, Rising Art Star will receive a 40% commission on the final sale price. If a promotional discount code is offered, the discount will be deducted from the price of the artwork and the usual 60/40 split will then be calculated. 

It is worth remembering that Rising Art Star's commission is 40%, whereas the gallery standard is 50%. This means that very often (even with a discount) you will be earning more through your sales with Rising Art Star than if you were to sell through another gallery that takes 50% commission.

It is also important to note that during your initial sign up, you agreed to this condition (included in our official statement of terms and conditions).

Rising Art Star reserves the right to promote and market Original Works of Art and/or Digital Works through the use of sales and/or discounts. The sale or discount amount will apply to the listing price of Original Works of Art. After the discount code is deducted from the sales price, our usual commission of 40% will be applied. 

 

SCHEDULE OF PAYMENTS 

If you sell an original work of art, your payment will be released 10 days after delivery of the artwork to your customer. 

 
 

TAXES 
 
Due to company policy, all artists are required to provide a completed tax form in order to proceed with your payment. It's important to note that artists are not required to provide your tax form until it is time for you to get paid for a sale. You're welcome to take your time with this form, or cross this bridge once you've made your first sale. 
 

How to complete your tax forms for US-based artists:

Step 1: Click here to download a W-9 tax form from the IRS. 

Step 2: Print out tax form.

Step 3: Please fill out the W-9 tax form and provide a handwritten signature where required. 

Step 4: Take a photo or scan it to upload it directly through here, Upload Tax Form (see instructions above for detail steps to upload file). We recommend uploading the tax form as it is the safest and quickest way to ensure your documents are valid.

 

How to complete your tax forms for non-US-based artists:

Step 1: Click here to download a W-88EN form.

Step 2: Print out tax form.

Step 3: Please fill out the W-88EN form as follows:

Part I - Identification of Beneficial Owner
1 - Please fill in your name
2 - Please fill in your Country of Citizenship
3 - Please fill in your address
4 - If you mailing address is the same as the one you filled in for number 3, please leave blank
Lines 5 - 8: Leave blank

Part II - Claim of Tax Treaty Benefits
9a - Please fill in your country of residence (not birthplace)
10 - Leave blank

Part III - Certification
Please sign and date (capacity: individual)

Step 4: Take a photo or scan it to upload directly through hereUpload Tax Form (see instructions above for detail steps to upload file). We recommend uploading the tax form as it is the safest and quickest way to ensure your documents are valid.

  

 

VAT (Value Added Tax):

All EU artists who are VAT (Value Added Tax) registered are asked to submit their VAT number within their Rising Art Star profile. VAT is a required tax for selling artists who will be shipping artworks from a location within the EU to another nation. If you reside within the EU or if you plan on shipping an artwork from a location within the EU, please submit your VAT number via your Account Information tab when logged in to your Rising Art Star account. In order to be compliant with international trade and monetary policies, we require your VAT number. 

NOTE: If you are VAT registered and  do not provide your VAT number prior to a sale Rising Art Star will withhold the applicable VAT from your payout to remit to the proper tax authorities at the completion of the transaction. 

If you are not VAT registered and do not plan to register no action is required. The VAT will be paid on your behalf to the proper tax authorities based on the amount we withhold from your earnings. 

 

Countries Where VAT is Applicable:

VAT is applicable within the EU (European Union): 

 

Austria Czechia Germany Latvia Poland Spain
Belgium Denmark Greece Lithuania Portugal Sweden
Bulgaria Estonia Hungary Luxembourg Romania United Kingdom
Croatia Finland Ireland Malta Slovakia  
Cyprus France Italy Netherlands Slovenia  

 

 

Reference: https://europa.eu/european-union/about-eu/countries_en

 

Non EU Residents: 

VAT is a required tax for selling artists who reside in the EU (European Union) OR those who will be shipping artworks from a location within the EU to another nation ONLY. 

If you do NOT reside in nor do you have artworks located in galleries or studios located in the EU VAT will NOT be applicable. 

NOTE: VAT will be applicable to the sale of an artwork when the pickup address is a location within the EU. 

 

If you are not VAT registered and do not plan to register no action is required. The VAT will be paid on your behalf to the proper tax authorities based on the amount we withhold from your earnings. 

 

How to provide your VAT Number: 


Step 1: Select this link Upload 
Value Added Tax (VAT).  

Step 2: In the section labeled Value Added Tax (VAT) please input your VAT number in the text box without any spaces (ex: 1234567).  

Step 3: Click “Submit”.

 

Step 1:  Select this link Upload Value Added Tax (VAT).

Step A Select "Choose Files" to browse for the image of your photo ID on your computer.

 

Step B – If you operate under a different name than what is on your government issued ID, enter your LEGAL name below. We will not make this information public.  Also enter the email address that you used to create your account with our online gallery. Then select "Upload".