Facilitating the payment of SAG-AFTRA-qualified audiobook projects
When an audiobook project is completed, the funds are to be sent to Skywire. A portion of those funds will be deducted, and sent to SAG-AFTRA for the actor's Pension and Health (P&H) contribution. The remainder, minus the Paymaster fee, is paid to the narrator.
Skywire takes care of all 1099s to narrators. If you need to send Skywire a 1099, please get in touch, and we'll send you our W9.
Skywire operates on a three-tiered, flat-fee system to process audiobook projects, which includes paying the narrator, reporting the earnings to SAG-AFTRA, paying the collected P&H contribution, and issuing 1099s.
$50: If the narrator earns $1200 or more.
$25: If the narrator earns under $1200.
$10: If the narrator earns under $600.
Skywire uses a variety of platforms through which funds can be sent in for an audiobook project.
Whichever payment method you choose: PLEASE INCLUDE A MEMO WITH YOUR NARRATOR'S NAME, AND THE PROJECT TITLE. NO INVOICE NUMBERS. THANKS!
Melio is a secure electronic funds transfer platform for U.S. to U.S. BUSINESS bank transactions. This is an alternative to sending a check, or an ACH/Direct Deposit. Through Melio, you can send funds using your checking account information, your debit card, or credit card, and it will be processed as an ACH/Direct Deposit payment. THERE IS NO NEED TO SIGN UP FOR AN ACCOUNT. There are no fees for using your checking account information. Use of your Debit card will be free until June 1, 2022, after that, fees for both Credit and Debit Cards will be 2.9%. Turnaround time is, typically, 3-5 business days.
There are two important keys to making the Melio transaction go smoothly.
1: When you see the pop-up window asking if you have received the goods and services, you MUST check "YES," even if you are sending a deposit or have not yet received your audio files. If you don't select YES, the payment will not go through.
2: It is very important to indicate in the memo section that this is a business to business payment. The wording can be something like, "For services rendered. Production of audiobook (Title), produced/narrated by (Narrator name). PLEASE DO NOT NOTATE AN INVOICE NUMBER - JUST THE BOOK TITLE AND NARRATOR AND PRODUCER NAME.
To pay by Melio, just click the link below and it will take you directly to my payments page.
(Melio is not currently available for international transactions. If your bank is located outside the U.S., please see INTERNATIONAL PAYMENTS below.)
If you still prefer to mail a check, they should be made out to SKYWIRE PAYMASTER SERVICES, and mailed to:
13 N. Broadway, Third Floor
Nyack, NY 10960
If you are mailing a check, please do not use any method that requires a signature for delivery. It will only delay your narrator/producer in getting paid.
Zelle is an electronic funds transfer platform, used by most major banks. There are no additional fees. You can send funds, via Zelle, to: email@example.com
Venmo is another electronic funds transfer platform. You can find us there at: SKYWIRE-PAYMASTER
Venmo charges a fee of 1.9% + $0.10 for funds sent as "Goods and Services." Friends and Family is free. If you send funds as goods and services, please discuss with your narrator who will cover those fees. If the sender with cover the Venmo fees, please use the following calculation in order to send the correct amount:
(Total due + $0.10) / 0.981
PAYPAL OR CREDIT CARD THROUGH PAYPAL
Funds can be sent to Skywire, via PayPal, to: firstname.lastname@example.org
PayPal charges a fee of 2.9% + $0.30 for transactions originating in the U.S., and 4.4% + $0.30 for transactions originating outside the U.S. Please discuss with your narrator who will cover those fees. If the sender will cover the PayPal fees, use the following calculation in order to send the correct amount:
(Total due + $0.30) / 0.971 - For domestic, incoming transactions.
(Total due + $0.30) / 0.956 - For international, incoming transactions.
ACH/DIRECT DEPOSIT AND BANK WIRES
Please contact us for banking information.
Be advised that, while there is no additional fee for ACH/Direct Deposit, if you send a bank wire, there is an additional, incoming wire fee of $15. Please discuss with your narrator who will cover that fee.
Skywire utilizes Wise (formerly TransferWise) for international payments. We have bank accounts in The UK, Europe, Australia, Canada, and New Zealand. Please contact us for the appropriate banking information
WE'RE ALWAYS LOOKING FOR WAYS TO MAKE THE SKYWIRE EXPERIENCE BETTER. IF YOU HAVE ANY QUESTIONS, SUGGESTIONS, OR CONCERNS, PLEASE USE THE CONTACT FORM, OR GIVE US A CALL AT: 845-405-5540
Hours Of Operation: Monday - Sunday, 9am to 8pm