There are two types of payments customers make in the Minted Commissioned Original Art Program: upfront payments and final payments, which each represent 50% of the project total, less Minted’s 20% fee, subject to our Terms & Conditions. These payments are paid by Minted to artists via our monthly payments process.
Some artists asked us if we could get upfront payments to them faster to help cover their upfront materials costs. We are pleased to report that artists will receive upfront payments much faster in many cases. Although our Terms & Conditions still state that we will pay the upfront payment no later than 30 days after the month that Minted received payment, our new process will get upfront payments to you much faster - up to 1 month faster, in many cases.
Customer pays Minted when: |
Payments received by Minted by: |
Will be paid to artists by: |
|
Upfront Payment |
Customer and artist agree on the project |
20th of the month |
End of the same month |
Final Payment |
Artist marks project as complete |
End of the month |
End of the following month |
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