How to check settlement
1.
How does ACON send settlements?
Once in every quarter (3 months), your ACON royalty will be automatically paid to your account.
1. Settlement Period
1.
Invoices are sent to a your email on the 10th ~ 15th of each quarter.
2.
Settlements are made quarterly in April, July, October, and January.
1Q | January - March (Settlement in April) |
2Q | April - June (Settlement in July) |
3Q | July - September (Settlement in October) |
4Q | October - December (Settlement in January) |
2. Settlement Amount
1.
Each settlement is made based on your total sales during each settlement period.
2.
Your Settlement is calculated by deducting fees and taxes from the total sales revenue.
β» The total sales revenue account for all sales confirmed for settlement within the settlement period.
3.
You can always check your sales data on your Partner account, [Sales Records] page.
4.
To view all sales subject to settlement, adjust the settings to [Settlement confirmation Date], [First day of quarter - Last day of quarter].
4. Settlement Method
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You will receive settlements directly to your account in USD.
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Other payment options are not yet provided.
5. Settlement Conditions
1.
The settlement amount* must be at least 20USD(paypal) or 50USD(Payoneer).
2.
The Partner's Settlement Information is verified before the end of the settlement period.
*: The settlement amount is calculated by deducting fees and taxes from your total sales revenue.
Settlement Information
Settlements are made only if your Payment Information is verified.
1.
Settlement Information allows the Partner to be rightfully linked to their ACON sales and receive accurate taxation benefits.
2.
To complete your settlement process, you must submit valid identification documents. Please follow the instructions based on whether you are an individual or a business entity.
3.
You can submit your information in [My Page] > [Settlement Information] .
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If you are an individual
Submit a government-issued document that includes all of the following information:
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Full name (Name and surname)
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Date of birth
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Identification number (e.g., national ID, passport, or Tax Identification Number [TIN])
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Country of residence, including city, street address, and zip code
Examples of acceptable documents:
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Photo or scan of your residential ID card, passport, driverβs license, social security document, or tax document that clearly displays your full name and TIN
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If you are a business entity
Please contact tax@acon3d.com
1.
Submit a single PDF file that includes the following two documents:
a.
A valid Business Registration Certificate
b.
A government-issued ID of the representative listed on the certificate
Important (for business entities only):
The name and identification number in your Settlement Information, Business Registration Certificate, and the representative's ID must be exactly the same across all documents.
This consistency is also required in your Foreign Withholding Tax (FWT) form.
You must ensure this information matches perfectly.If there are any discrepancies, your settlement information will not be approved.
Royalty and Fees
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ACON Service Fees
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Exclusive : 15%
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Platform fee
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Marketing/advertisement fee
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Customer service fee
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Non-Exclusive : 20%
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Platform fee
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Marketing/advertisement fee
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Customer service fee
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Others*
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VAT 10%
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Transaction fee 4.4%
Taxes
You must submit the application of Limitied Tax Rate on Domestic Source Income.
>> ACON FWT Form Guide
1.
Foreign withholding taxes are deducted from your royalty and delivered to the NTS (National Tax Service).
2.
The tax rate depends on your country of residence/business.
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If your current country of residence/business is South Korea, please contact us.
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The same tax rates apply for both business and individuals.