THE INS AND OUTS OF GETTING PAID ON I FEEL ART, TAXES AND HOW PROMOTIONAL DISCOUNTS WORK
When you sell your artwork, you will receive 50% of all profits. I Feel Art will handle the shipping logistics and collectors pay for the cost of shipping. We offer secure commission payments PayPal of which, you will find more information below.
Our payments policy is a part of our Terms of Service. By uploading your artwork to I Feel Art, 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 I Feel Art. This article will cover the following topics:
The payment method we offer to receive your commission payments is via PayPal. The account must be valid and active in order to receive payment. This ensures that your payment will not be declined and that you are paid as quickly as possible.
When completing your I Feel Art account information, you must include an existing PayPal account. You may incur fees when transferring your commission to your PayPal account and I Feel Art will not cover any currency conversion fees in PayPal.
You must confirm that your PayPal account is prepared to receive funds from I Feel Art before your funds become available for payment. This is to ensure that payments from I Feel Art do not bounce or are rejected.
Please ensure there are no restrictions placed on your PayPal account. We recommend contacting PayPal immediately to address any restriction issues to avoid delays in receiving payment from I Feel Art. Please also confirm that your email address connected to your PayPal account is up to date and free of spelling errors.
If you sell an open edition or limited edition print, your sale will qualify for payment 30 days after the delivery of the artwork to the customer (excluding any returned sales). Please note production and shipping times.
You will receive a quarterly statement listing your qualifying sales within that period –
|Statement Date||Covering Period|
|30th April||1st January – 31st March|
|31st July||1st April – 30th June|
|31st October||1st July – 30th September|
|31st January||1st October – 31st December|
Commission payments are made in 28 days of statement date.
I Feel Art will receive a 50% commission on open edition prints and artists are entitled to 50% of the profit on each sale. Profit is calculated from the final sale price minus the costs of production.
If you sell a Limited Edition Print through Limited by I Feel Art, artists are entitled to 50% of the profit on each sale. *Profit is calculated from the final sale price minus the costs of production.
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 your artwork, I Feel Art will receive a 50% 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 50/50 split will then be calculated.
It is worth remembering that I Feel Art’s commission is 50%, similar to the gallery standards.
It is also important to note that during your initial sign up, you agreed to the conditions about Promotional Discounts (included in our official statement of terms and conditions).
I Feel Art reserves the right to promote and market Digital Works through the use of sales and/or discounts. The sale or discount amount will apply to the listing price of Printed Works. After the discount code is deducted from the sales price, our usual commission of 50% will be applied.