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All Teacher Tools Takeout accounts are free, including to sellers. All sellers must have a PayPal account so that we can pass on the royalty payment at the time of customer purchase. At the initiation of Teacher Tools Takeout, all sellers will receive a flat 55% royalty minus 3% to cover all payment processing fees, resulting in a 52% author royalty rate based on the retail price.
PayPal is only able to pay to one account. In the case of work(s) by multiple authors, the authors decide independently which PayPal account the royalties will be deposited, and how those monies will be shared.
As an approved TTT seller, you will be able to independently upload your materials going forward with no further review and can view your sales portal.
State sales tax will automatically be collected for purchasers from Minnesota.
Supporting Success for Children with Hearing Loss, the parent company of Teacher Tools Takeout, will supply 1099-K tax forms to sellers who have submitted information to Takeout which has resulted in gross sales (55% of purchase price per item) of $20,000 or greater. Those who have met the $20,000 sales criteria will be contacted to submit a W-9 form.