How do Copyright Exchange Sales work?
Copyright Exchange Process
Entering into a Copyright Exchange agreement is a big commitment, since all rights of the song or lyric are transferred from seller to buyer. As such, we need to be absolutely certain of all transaction and user details before finalising the sale and drawing up contracts. For copyright exchange sales, the procedure is as follows.- The buyer deposits funds. These are held securely in our PayPal holding account. The transaction receives a 'Pending' status.
- Intention to continue with the agreement is requested and confirmed by seller and buyer.
- Seller and buyer Identification checks are carried out.
- Specific financial checks are carried out with regards to the transaction.
- We draw up the contract and issue a copy to both parties, as well as the relevant download links to the buyer (the new owner).
The above process usually takes between 24-72 hours to complete.
We supply this service free of charge to both parties, without deducting any commission.
* Sale funds are transferred from the holding account to the seller's account after a period of 7-10 days from completion. The delay is required to allow time for payment clearance and to comply with money laundering and other financial regulations.