To collect your royalties you must submit an invoice online from your statement listing screen in our system. You can only do this if the amount owed to you is greater than the minimum payout detailed in exhibit A of your distribution contract.
Complete the following steps to submit an invoice :
1. Select "Statements" on the top menu.
2. Under the status column click "Submit Invoice"
3. Enter "Your Invoice Number"
Note - Your Invoice Number should be a unique number and is intended as a reference for your own records. If you do not currently have an invoice numbering system then start with 1, 2 etc.
4. Select your payment method at the bottom of the form and enter your details
5. Click the "Submit" button on the icon menu
Once you have submitted your invoice Label Worx will send your royalty payment during our next payment run. This is usually within 1 week although our agreement allows up to 30 days.
LabelWorx is integrated with Wise for international payments. Wise supports over 45+ currencies, which are available for you to choose from. Wise has built an alternative to the SWIFT network. Their local bank payouts model makes payments low-cost, reliable, and fast. You can expect instant delivery time or a maximum of 1-2 business days from the moment LabelWorx processes the payment.
When you select 'IBAN / International Bank Transfer,' you simply need to enter your name, email address, and the currency in which you want to be paid.
Once the payment is processed, Wise will send a secure link to the email address you have provided, allowing you to provide your bank details. If you are already using Wise, they will attempt to find your account details.
IMPORTANT: If you do not accept the email transfer within 1 week, the money will be refunded back to LabelWorx. If the money is refunded it may take another 7 days to appear back in our account before we can reprocess the payment.