We believe in transparency, especially how we determine what you're getting paid for the content you sell on our platform. We've created this article to shed some light on how we handle fees and payouts.
Payouts and fees are covered in our Terms of Service; please look there for our exact policy.
What does Enshrine charge creators for an initial sale?
At this time, we charge a 10% fee for all sales on our platform and have a $0.99 minimum fee for all initial sales.
We'll always show you what fee you will be charged when creating a listing.
How did you determine what fee to charge?
Unlike other platforms, we aim to be as transparent as possible with our creators. We did a lot of math to determine how much we need to charge to keep our platform up and running while ensuring that our creators keep the lion's share of their earnings.
Below are what your fee covers:
Payment processing fees
We use Square as our payment processor. Why? Simple -- they are the industry standard for secure payment processing. Their services allow us to safely transact, identify potentially fraudulent transactions, and reduce chargebacks.
Square charges 2.9% of the total sale price + $0.30 for every transaction they process. Instead of passing it on to you or your fans, we've embedded the cost of payment processing into our fee.
Enshrine platform costs
The features that we're launching with are just the beginning of what we plan to do with the Enshrine platform. When you sell on Enshrine, you allow us to hire more developers that will, in turn, build more features that will expand the functionality that we offer creators.
How do I know what I'll be charged when creating a listing?
Unlike other platforms that pass the variability that comes with cryptocurrencies on to the creators, we show you exactly how much money you will net from each sale.
We don't believe in hidden fees -- what you see is what you get.
How does Enshrine handle creator payouts?
How do payouts work?
Creators can request withdrawals from their available balance at any time. We typically hold funds for up to 14 days to protect from chargebacks.
This policy is subject to change. Please see our Terms of Service for our current policy.