The following are definitions for all the terms used on the Earnings page. See Getting paid on Metalabel for tips on how to structure your earnings independently or as a collective.
Aggregated Financial Information
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Lifetime net earnings Sum total of funds received to the label across all releases across all time. This includes funds collected for shipping costs, and is before Metalabel and Stripe fees are accounted for.
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Balance Income across all releases that has not yet been distributed to collaborators. Like a bank account, the balance amount decreases following a payout execution.
- Available to pay out Amount of the balance that can be paid out to contributors right now. We hold money received from transactions for a “grace period” of approximately 4-5 business days before making it available to withdraw, so sometimes this number will be lower than the Balance. This is required to safeguard against malicious activities, accidental purchases, and chargebacks.
Release Specific Financial Information
In addition to aggregated details, each release also has an itemized ledger. Depending on your user role, you will see a View Details button. Click this and head to the Release Summary tab to see the ledger breakdown.
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Gross volume Revenue generated from the release over time. This number is the sum of all sales and shipping amounts from all orders that purchased this release. It is pre-fee, pre-commission, and post-sales tax.
- Sales: The sum of money earned through the release price only. This plus Shipping equals your Gross Volume.
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Shipping This is the sum of all shipping fees earned for each release purchase. The shipping fee is set by the Release Admin in the Release Builder. The person assigned in the Release Builder to receive the shipping balance will receive these funds to their account in addition to any designated split. This plus Sales equals your Gross Volume.
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Net Earnings Gross volume minus funds for shipping, Metalabel's 10% fee, and Stripe fees.
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Fees We charge a 10% commission on each purchase, and Stripe has a credit card processing fee for all transactions (2-5% depending on destination bank). This fee is paid per order for transparency, as opposed to a lump sum at specific intervals. Stay tuned for some updates to this table that will make fees and commission more visible.
- Recoup (or fixed costs) Select releases who received an advance from Metalabel will have fixed costs that need to be paid back first. The Earnings tab will show this Recoup amount alongside Gross Volume on the ledge. Money earned from collects will go to the recouped balance first before contributors are paid out.