[Contents]
How to check settlement
1.
2.
Please select the search date as settlement date instead of the payment date.
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EX) If it's a settlement in 2Q, → Search for 2023-04-01 to 2023-06-30
How does ACON send settlements?
Once in every quarter (3 months), your ACON royalty will be automatically paid to your PayPal/Payoneer 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.
※ 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 History] page.
4.
To view all sales subject to settlement, adjust the settings to [Settlement Date], [First day of quarter - Last day of quarter].
4. Settlement Method
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You will receive settlements directly to your PayPal/Payoneer 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. (In case of Payoneer, 50USD)
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.
You can submit your information in [My Page] > [Settlement Information] .
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As Person
1.
Paypal/Payoneer email address
2.
Name and surname
3.
Date of birth
4.
Identification number - government-issued number such as national ID, passport, or TIN
5.
Country of residence, city, street address/zip code
6.
Photo/scan of ID, passport, driver’s license, social security, or tax document with full name and TIN
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As Business
1.
Paypal/Payoneer email address
2.
Company name
3.
Company code - company registration number found on company’s certificate or incorporation
4.
Country of business, city, street address/zip code
5.
Copy of business certificate or any other business existence proof document
Royalty and Fees
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ACON Service Fees : 20%
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Platform fee 10%
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Marketing/advertisement fee 6%
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Customer service fee 4%
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Others*
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VAT 10%
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Transaction fee 4.4%
*: PayPal/Payoneer fees are charged on the Partner's account. Please check the PayPal/Payoneer homepage for more details.
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.