Help w/ Indie Publishing Company - How do I pay my clients?

[DJNighthawk]

Hello, I am about to launch an indie publishing company that deals in niche fiction novels among other products. I won't be outright purchasing the rights to my potential clients' work, but will rather be hosting their content on my website's marketplace. They give me their novel, I market/sell it on my website and take a cut of the total price of each copy sold.

Everything is in place, but I am stuck on how to pay my potential clients. I want to pay each client weekly. Is there a service I can use to automate this process? For example, could I input the sales numbers from each product into some database and have it deliver that amount into whatever platform my client wants to use (Direct Deposit, PayPal)?

Extra Details: I am using WordPress w/ Elementor for my website. I am using WooCommerce for my storefront which can accept PayPal and credit card payments via Stripe.

Thanks so much for any help, have a nice day.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[MJ DeMarco]

I think monthly is the standard payment method for any type of sales portal.

 

[DJNighthawk]

I think monthly is the standard payment method for any type of sales portal.

Understood, thanks for replying. I was honestly just copying what I read in Siver's Anything You Want. But monthly does sound better in terms of me not having to keep up with it as much. I will keep that in mind, thanks.

 

[MJ DeMarco]

I want to pay each client weekly. Is there a service I can use to automate this process? For example, could I input the sales numbers from each product into some database and have it deliver that amount into whatever platform my client wants to use (Direct Deposit, PayPal)?

Have you looked into automation tools like Zapier? or Zoho?

 

[DJNighthawk]

Have you looked into automation tools like Zapier? or Zoho?

Yes, I just took a look at both. They do seem useful down the line, but don't seem to be what I need right now. For the time being, I've decided to try out 'Stripe Connect' as it allows me to deposit payouts into the bank accounts of those whose Stripe accounts are connected to mine. If there is anything similar, (that will allow me to easily move money around for little cost) please let me know.

Apologies for any trouble, thanks so much for your help.