How does Eved handle tax documentation for global creators and influencers?

Eved utilizes a Self-Serve W9 Collection process where creators and influencers onboard themselves into the Eved Network to digitally submit their W9 forms or equivalent international tax documents. The system includes real-time validation, such as TIN Check, to ensure compliance and reduce administrative burden for brands.

Can Eved pay creators and influencers located in different countries?

Yes, EvedPay enables brands to make payments to creators and influencers in over 200 countries and 140+ currencies. This ensures individuals receive payments in their local currency, simplifying international transactions and compliance for global campaigns.

How does Eved's platform support brands with a large volume of creator payments?

EvedAP offers robust AP automation features, including invoice processing, PO management, and approval workflows, designed to scale with high volumes of payments. This allows brands to efficiently process payments for hundreds or thousands of creators through various methods, including direct integration and single file uploads, without increasing administrative overhead.

What unique payment challenges do brands face when paying creators and influencers?

Brands encounter challenges such as global reach and currency conversion, complex tax compliance and documentation (e.g., W9s), scalability for high payment volumes, maintaining budget control and visibility, and robust fraud prevention when managing payments for creators and influencers.

How does Eved help brands manage global payments for creators?

Eved provides a specialized platform that handles global payments for creators by facilitating payments in local currencies, navigating international regulations, and offering solutions that overcome the high fees and infrastructure limitations of generic payment platforms.

What is AP automation in the context of creator and influencer payments?

AP automation for creator and influencer payments involves using technology to streamline and automate the entire accounts payable process, from vendor onboarding and tax document collection (like W9s) to payment processing, reconciliation, and budget tracking, reducing manual effort and ensuring compliance.

Can Eved assist with tax compliance for international creators?

Yes, Eved helps brands manage tax compliance for both domestic and international creators by simplifying the collection and validation of necessary tax information, such as W9s for US-based individuals or equivalent forms globally, thereby minimizing administrative burden and compliance risks.

What are the benefits of using a specialized payment platform like Eved for the creator economy?

Using a specialized platform like Eved offers benefits such as enhanced global payment capabilities, streamlined tax compliance, improved scalability for high payment volumes, greater budget control and visibility, and robust fraud prevention tailored to the unique needs of the creator economy.

Beyond the Buzz: Eved's Specialized Payment Solutions for Creators and Influencers in Entertainment