The funds in your Score Exchange seller account
What are funds in my seller account?
We raise an invoice on your behalf on the 15th of every two months from you to Score Exchange, for sales of your music in the previous two months. All the money that is due to be invoiced, but has not yet actually been invoiced is considered to be 'in your account'.
What can I do with the funds in my account?
If you do nothing, then the money will be sent to you in the usual way (if your account is not locked).
However, you can also use the funds in your account to pay for purchases from Score Exchange, doing this will reduce the amount that is sent to you. You can use your seller account to complete purchases for anything that you can buy from Score Exchange, this might be music, credits, or a Platinum Publisher subscription.
Can I top-up my account?
No, the only way to get money in your Score Exchange account is by customers purchasing your music.
However you can buy additional credits at any time.
I used some of the funds in my account for a purchase, but the invoice on the 15th still shows the full amount?
It's important to keep track of the individual transactions that have happened in order to correctly account for tax - we are not allowed to simply set-off your purchases against your sales.
1. On July 10th, someone buys one of your scores for $10 - Score Exchange will pay you $5 for this music. You now have $5 available to spend in your Score Exchange account.
2. On July 20th, you use the funds in your account to complete a purchase for $2.50. We will send you an invoice and receipt for this purchase just like you used your credit card for the payment. You now have $2.50 available to spend in your Score Exchange account
3. On August 15th, Score Exchange raises the normal invoice from you to us. The total of this invoice is $5 as this includes your sales to us during July.
4. Score Exchange pays you $2.50 (your invoice value less the amount that you spent) to balance the account to zero.