Selling your music
- How much money will I receive when Score Exchange sells any of my music?
- How do I set the selling price of my music?
- Is there any restriction on the prices I set?
- Do I have to sell my music in US dollars?
- How do I tell how much money I'm making from my music?
- How and when do I get paid when I sell music to Score Exchange?
- What currency will I be paid in?
- How does Score Exchange convert between currencies when paying sellers?
- What stops people making a screen shot of my music instead of buying it?
- How does Score Exchange stop people emailing a score they have bought to other people?
How much money will I receive when Score Exchange sells any of my music?
When your music is sold to a buyer, Score Exchange agrees to buy the same music from you. The price that you sell the music to Score Exchange for is calculated from the selling price that you specified, less a percentage discount. The discount rate is determined by the total value of the total selling price of your music (excluding VAT) in the current calendar month. The greater the value of your sales in the month, the lower the discount that you are required to provide when selling your music to Score Exchange.
The following table shows the discount rates that apply:
|Monthly sales value to date||Discount rate|
|$0 - $199.99||55%|
|$150 - $249.99||50%|
|$250 - $499.99||40%|
|$500 - $999.99||25%|
|$1000 - $499.99||20%|
(All prices are shown in US Dollars)
Score Exchange has already sold $250 of your music in the current month and another of your scores sells for $10. How much of this $10 will you receive?
Because you have already sold $250 this equates to a discount of 35%. Which means that Score Exchange will pay you $10 - 35% for this new sale which is $6.50.
There are different rules for sales and payments when your music is sold via the Score Exchange Reseller Network. See the Score Exchange Reseller Network FAQs for more information.
Even if a buyer chooses to complete their purchase in a currency other than US Dollars, this will make no difference to the amount that you receive for each sale. Score Exchange calculates all transactions internally using US Dollars and simply converts the total amount payable by the buyer.
How do I set the selling price of my music?
While you are editing the details of a score (accessed from the My scores page), there are options to set the price of the score and the score's parts.
You set the price of the score excluding VAT as Score Exchange will automatically add on the VAT when the customer is required to pay it. VAT is Value Added Tax which only affects buyers in Europe.
The price of all content for sale on Score Exchange must be set using US Dollars.
There are many options for setting the price of your scores and parts. These should be self-explanatory while you are using the edit page, but here are some of the options:
- Scores and parts can be priced independantly.
- You can set a 'default' price for all the pars in a score and/or set individual prices for each part.
- You can optionally sell a full set of parts for a special 'set' price. Usually this would be cheaper then buying the individual parts.
- You can optionally sell a set of score + parts or a special 'set' price. Usually this would cheaper than buying the score and parts separately.
- You can specify that the parts are only available when purchasing the score and/or that the score is only available when purchasing the parts.
All these options are under your control and you can change the selling options and pricing at any time.
Is there any restriction on the prices I set?
No - you can set any price you like for your scores and instrumental parts. The only restriction is that buyers can only pay for amounts less than $1.50 USD using Score Exchange credits.
Small value purchases are only accepted when paid for using Score Exchange Credits because the of costs of processing small card or PayPal payments. These costs do not apply to transactions paid for using Score Exchange credits which means that small transactions are not a problem.
Do I have to sell my music in US dollars?
All the financial calculations that Score Exchange makes are calculated using US Dollars. You must set the price of your music in US Dollars, but buyers can choose to buy content in currencies other than US Dollars. Additionally you can choose to be paid in US Dollars or British Pounds.
Score Exchange automatically handles all the currency conversion.
How do I tell how much money I'm making from my music?
More details are available on the My invoices & payments page which shows all the invoices raised on your behalf from you to Score Exchange, and the payments that we have made to you.
How and when do I get paid when I sell music to Score Exchange?
On the 15th of each month we will raise a payment to your nominated PayPal account for any monies owed from sales of your music in the previous calendar month. Sales made via the Score Exchange Reseller Network will be paid in the second month after the sale took place. The payment will reach your account within 30 days, but normally much sooner.
You must enter your PayPal email address on the My account page to ensure that you can receive payment.
We will pay you using PayPal's 'Mass Payments' facility where the payer (us) pays the transaction fee rather than the payee (you).
What currency will I be paid in?
By default sellers with an address in the United Kingdom will be paid in British Pounds, and sellers with an address in any other country will be paid in US Dollars.
You can manually set which currency you would like to be paid in using the My Account page.
What difference does it make?
PayPal will automatically convert any payment that we send to you into your local currency regardless of which currency we use to send the payment, so you will still receive your money regardless of the currency used.
Historically Score Exchange has always sent US Dollars to sellers and let PayPal handle the conversion into the right local currency. This is great for sellers who run their PayPal account in US Dollars. e.g. sellers who live in the United States. For everyone else, this means that you are at the mercy of the PayPal exchange rate on the day from US Dollars to your local currency.
Score Exchange is based in the United Kingdom, so it makes sense to pay sellers in the United Kingdom using British Pounds. PayPal doesn't always have the best exchange rates available, so if you operate your PayPal account in British Pounds (as most sellers in the United Kingdom will do), you will probably end up slightly richer if we send you Pounds, rather then sending you Dollars and then having PayPal convert them into Pounds.
How does Score Exchange convert between currencies when paying sellers?
Score Exchange uses exchange rates based on information issued by the UK HM Revenue and Customs. All calculations are done internally using US Dollars - the same currency as you use when setting the price of your music. As all calculations are performed in US Dollars then total amounts converted between currencies at the latest possible point this minimises the effects of any rounding.
Each month when we work out how much you are due to be paid, the amount is calculated in US dollars, then (if necessary), the total is converted into the right currency to sent to you. You can see the conversion on the Invoices and Payments section of the My Account pages.
These are the current exchange rates:
|1 USD||=||1.3979 GBP|
|1 GBP||=||0.7154 USD|
What stops people making a screen shot of my music instead of buying it?
When using seView, a watermark will be automatically added over to the preview of the music displayed on the site. You can set the darkness of the overlay on the My account page.
The alternative preview method is Scorch, which was designed by Sibelius (now Avid Sibelius) to be a secure method of selling music. This includes making prints from Scorch display at publisher quality but screen shots of music displayed in Scorch will be much less clear than a proper print out from Scorch.
On Score Exchange we show the whole score and parts on the site before a user purchases the music as people are more likely to buy something they can see first.
Making screen shots to print instead of printing legitimately is a cumbersome process, and the results are poor - not to mention illegal. The ease and quality of buying the music legitimately outweighs the time and effort required to steal your music illegitimately.
How does Score Exchange stop people emailing a score they have bought to other people?
If you are concerned about purchased PDF files of your content being shared by customers Score Exchange can automatically add the email address of the purchaser to the bottom of the PDF file that they download. If the file is then emailed or copied it will be very clear who the culprit is!
You can turn this option on either globally for your account, or for each score individually.