We’re always looking for ways to facilitate transactions and add value for both sponsors and developers. We have a couple of great new ways to do that! First up is ProxyPay.
In short, ProxyPay is a service to help sponsors and developers get money to each other across different payment systems. For instance, a sponsor can pay us via PayPal, and we can then pay the developer via MoneyBookers or wire transfer.
If you’ve ever experienced the nuances of paying internationally, or if you are an international developer that’s tired of trying to arrange a payment method that will work in your country (and tired of saying “no I can’t take PayPal in my country!”), then you probably see the benefits of ProxyPay right away.
There are modest fees associated with this service, to cover our costs. The most common arrangements (such as the above-mentioned payment via PayPal to MoneyBookers) costs $50 plus the service fees from PayPal and MoneyBookers.
The ProxyPay system has been in beta for some time, so you may already have received payments this way. However, it’s now open to anybody, so developers, feel free to ask sponsors to use ProxyPay to pay you. This page has all the details.
Sponsors are increasingly needing more and more information from developers in order to license games. Legally, in most countries, sponsors must collect tax information and have multiple contracts signed between them and the developer before they can sponsor, or even non-exclusively license, a game. Some larger companies even require upwards of $3million in insurance coverage from the developer. For indie developers, and even small development companies, these are large hurdles – sometimes even roadblocks.
This is where EasyLicense comes in to make things… well.. easy!
From the developer’s perspective, EasyLicense allows you to sign one contract, and set up all of your payment information through one company, FGL. FGL then can sub-license your game out to anyone you choose without you ever having to sign another contract, or hunt down your EIN or W8-Ben, or any number of other aggravating tasks.
From the buyer’s perspective, EasyLicense allows you to work through FGL to license potentially thousands of games without worrying about tax withholding laws and treaties in various countries. It also allows you to pay out to a single, US, company for all games. Companies we are currently working with have found this saves them significant amounts of money since their legal and accounting departments rarely need to get involved. This also benefits both sides in our experience as this allows payouts to flow much faster than cases where hundreds of developers are being paid individually. All contracts also come with $1million in insurance coverage for errors and ommissions, and cyber liability by default, and more can be added if necessary.
Although this service is still in beta, we’re already seeing exciting sponsorship growth through this licensing model. If your company would benefit from this service, please drop us a line and we’ll get you the details.