An Element marked Reversed on the Monthly Sales Report is one that was recorded as a completed sale but has been reclassified as a reversed sale due to the following 2 scenarios:
MotionElements warrants that the contents sold in the marketplace are free from defects in material or workmanship. Buyers are assured through a 100% money back guarantee sales policy that allows for refunds within 30 days of purchase in the event:
- The product is not up to the specifications as described in the product page;
- The product is not of acceptable quality from the buyer;
- The buyer is unable to download the purchase.
To protect the Artist’s intellectual property from unauthorized use, buyers are required to submit a Certificate of Destruction before any refunds are made.
Instead of approaching MotionElements for help, the buyer chooses to file a chargeback through PayPal.
Chargebacks can occur anytime after a sale, sometimes even several months after payment has been made. Paypal and credit card providers have set these measures to protect clients when their credentials are stolen and used for unauthorized purchases. To minimize such fraudulent purchases, MotionElements checks its transactions through services such as minFraud.
MotionElements does its best to protect its Artists by disputing chargebacks. We are able to fight most of these cases, but sometimes credit card companies and PayPal offer buyer protection that does not allow us to dispute. When this happens, the buyer is blocked from future purchases.
What happens in a reversed sale?
MotionElements reserves the right to deduct the amount, equal to the sale of the Element that is returned or subjected to a chargeback, from your total sales for that payment period.
For chargebacks, we do not let our Artists shoulder unnecessary costs.
MotionElements absorbs both the initial credit card transaction fee and all of the chargeback fees (usually $25-35 per transaction).
If payment has been made to your account prior to a reversed sale, the record of the reversed sale will be reflected on the following month’s Sales Report as a deduction.
When a month’s earnings cannot offset a reversed sale, a negative balance will remain which will be offset by your earnings from future sales. Rest assured that this rarely happens and is not a cause for concern.
It is in the best interests of MotionElements to protect its Artists. We continue to do what is best to market our Artists' works and ensure that they are given what they are due by being transparent and timely with their payments.