All the running contests in Sribu come with a contest prize/reward in a certain amount of money.
The amount of prize or reward is determined by :
Prize/Reward = Contest Amount - Posting Fee (IDR 200.000) - Fave Winner (IDR 300.000).
Sribu also uses a distribution system for the final proportional amount of prize share as follow:
- Designer earns 80% of the contest prize/reward.
- Sribu is entitled to 20% from the contest price/reward considered as a transaction fee.
Effectively since 2nd March 2017, all prize payment for designers will not be taxed with a 3% PPh fee of the stated amount.
Effectively since 25th April 2013, Sribu has applied a new payment system for all prize payout by using a payout request form.
This feature allows you to track payments and total balance in the account.
If you have any questions, you can contact us at: +6221 3110 6996 or email to email@example.com.