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 paid to the narrator. The Paymaster fee sometimes comes out of the narrator's end, and at other times is paid by the hiring party.
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.
There are three types of Indie projects:
These distinctions are important, as they can effect the minimum per finished hour (PFH) rate, and the percentage of pension and health contribution.
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.
$60: If the narrator earns $1200 or more.
$30: If the narrator earns under $1200.
$15: If the narrator earns under $600.
Skywire offers a variety of methods through which funds can be sent in for an audiobook project.
FOR ALL PAYMENT METHODS, PLEASE INCLUDE A MEMO WITH YOUR NARRATOR'S NAME, AND THE PROJECT TITLE. THANKS!
THE FOLLOWING PAYMENT OPTIONS HAVE NO ADDITIONAL FEES CHARGED FOR SENDING FUNDS
Please make your check out to SKYWIRE PAYMASTER SERVICES, and mail it to:
13 N. Broadway, Third Floor
Nyack, NY 10960
If you are mailing a check, please do not use any method requiring a signature. It will only delay your narrator/producer getting paid.
Zelle is an electronic funds transfer platform used by most major banks. YOU CAN SEND FUNDS, VIA ZELLE, THROUGH YOUR BANK, TO: email@example.com
Venmo is another electronic funds transfer platform. You can find us there at: SKYWIRE-PAYMASTER
If prompted to choose a transaction type, please FRIENDS AND FAMILY. If you choose GOODS AND SERVICES, a fee will be charged to Skywire, which we do not cover. Your funds will be returned, and you will need to select a different payment method. Please do not use a credit card to pay with Venmo.
Melio is a secure electronic funds transfer platform for U.S. to U.S. BUSINESS transactions. You can send payment, with no additional fees, using your checking account. THERE IS NO NEED TO SIGN UP FOR AN ACCOUNT. Click on the link below and follow the prompts to pay from your bank account. In the box where it says, INVOICE #, please type a memo rather than an invoice number, indicating this is a business transaction. Something to the effect of, "For services rendered. Audiobook production of [BOOK TITLE], by [NARRATOR NAME]."
THE FOLLOWING OPTIONS REQUIRE ADDITIONAL FEES TO SEND FUNDS WHICH ARE TO BE COVERED BY THE SENDER
PAYPAL OR CREDIT CARD THROUGH PAYPAL
Funds can be sent to Skywire, via PayPal, at: firstname.lastname@example.org
PayPal charges a fee of 2.99% for transactions originating in the U.S., and 4.49% for transactions originating outside the U.S. Please use the calculations below to ensure that, after the PayPal fee is taken out, your narrator is getting the contracted amount expected. Additionally, if you use a Credit Card through PayPal, they may charge you a separate fee for that.
Total due / 0.9701 - For domestic, incoming transactions.
Total due / 0.9551 - For international, incoming transactions.
If you use a Credit or Debit card through Melio, they will charge you a fee of 2.99 percent. Follow the prompts after clicking on the Melio link below. In the box where it says, INVOICE #, please type a memo rather than an invoice number, indicating this is a business transaction. Something to the effect of, "For services rendered. Audiobook production of [BOOK TITLE], by [NARRATOR NAME]."
ACH/DIRECT DEPOSIT AND BANK WIRES
Please contact us for banking information.
Be advised that, while there is no additional fee on our end for ACH/Direct Deposit, your bank may charge you a fee. If you send a bank wire, there is an additional, incoming wire fee on our end of $15. Please add that to the total amount due.
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. If you are a Wise customer, Skywire is in their system, and you should be able to send us USD. If you are not a Wise customer, and are sending funds to one of our international accounts from your bank, be advised that daily changing currency conversion rates and Wise fees will impact the amount due to Skywire. Please contact Wise to determine the amount you need to send. (888) 829-3669
Skywire now has two, separate documents that will need to be signed under certain circumstances.
THE PAYMASTER AGREEMENT
This is a contract that will need to be signed for all SKYWIRE projects. It is strictly between Skywire and the hiring party.
The document entails the services offered by Skywire, and the terms under which payment(s) must be made. Certain publishers and producers may be exempt from this contract.
The Exhibit A document covers fair use of audiobook recordings in other types of media (film, television, etc), as well as issues surrounding the use of Artificial Intelligence and Machine Learning. The Exhibit is a three-party agreement between the hiring party, Skywire, and SAG-AFTRA.
This document must be signed by all author/rights holders, as well as non-signatory publishers and producers.
Once you have negotiated at deal with your narrator, please reach out to us with the following information:
The details of the agreement between you and your narrator are not required.
Once we receive this information, we will draw up the documents for your signature.
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 9pm