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.
Checks should be made out to SKYWIRE PAYMASTER SERVICES, and mailed to:
13 N. Broadway, Third Floor
Nyack, NY 10960
Zelle is an electronic funds transfer platform, used by most major banks. There are no additional fees. You can send funds, via Zelle, to: firstname.lastname@example.org
Venmo is another electronic funds transfer platform, free of additional fees. You can find us there at: SKYWIRE-PAYMASTER
PAYPAL OR CREDIT CARD THROUGH PAYPAL
Funds can be sent to Skywire, via PayPal, to: email@example.com
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 TransferWise for incoming, international payments. We have banks in The UK, Europe, Australia, and New Zealand. Please contact us for the appropriate banking information
If you have any questions, please feel free to reach out.