The License Transaction
SourceAudio.com performs all licensing transactions on behalf of its partner sites taking advantage of lower transaction costs, shared infrasructure, and the most advanced electronic transaction security systems available today. We're proud to say that through this service you can accept all major credit cards. All electronic payments and authorizations are secure and are performed in real-time similar to all other premium online retailers.
Reporting
Each online licensing partner will be notified of every new license transaction in two ways. Your SourceAudio site will automatically send via email the license details and purchase amount. The second notification method is via storage of a new entry in the "License History" section of your Dashboard. In this section you will be able to review your entire licensing history and all transactions performed through your site. You can generate simple reports from this tool that will allow you to look at licenses performed by month and year, along with basic details and transaction amounts.
Payment
SourceAudio.com distributes payment to its partner sites 30 days after the end of the month in which the transaction payment settles. For example, at the end of June you will receive a check for all license payments generated through the site during the month of May.
Fees
The basic fee model is 8% plus $0.25 of the total amount on all transactions up to and including $5.00, and 8% of the total amount on any transaction at or over $5.01.
This includes all merchant and credit card processing fees. For example, if you sell a license for $100, you will receive $92.
