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Seller Payouts on Cohart

How and when you receive your funds across all types of sales

Cohart Connect is our payout system for sellers. It allows payouts to be sent directly to your bank account through Stripe, supports multi-currency payouts, and provides faster processing times than our previous payout model.

What You Need to Get Paid

To receive payouts through Cohart, you'll need to:

Complete Cohart Connect
Navigate to your Financial Accounts dashboard and complete the account linking process.

Connect Your Bank Account
Your connected bank account determines your payout currency. You can connect one or multiple eligible bank accounts depending on your region and supported currencies.

Marketplace sales only: Tax form may be required

For POS, Tap-to-Pay, invoice, and other Cohart Connect sales, you do not need to email a W-8 or W-9 to Cohart. Any required tax information is handled during Stripe onboarding. But if you're selling through Cohart Discover, Cohart is required to collect the appropriate IRS tax form before marketplace payouts can be issued.

  • U.S. sellers: W-9
  • International sellers: W-8BEN (individual) or W-8BEN-E (business)

You can email completed forms to hello@cohart.com or request a DocuSign to complete them electronically.

For more details, see the FAQ below: Do I need to submit a W-8 or W-9?

Optional: U.S. Sales Tax Management

Cohart can manage and file your US sales tax for sales processed via Cohart. To learn more about how this process works, visit How Sales Tax Works on Cohart.

How Cohart Connect Works

Once connected:

  • Your connected bank account sets your payout currency
  • You can link as many bank accounts as needed
  • Buyers can pay in any currency
  • Stripe automatically handles conversion via Cohart Connect
  • Payouts are sent directly to your bank in your designated currency
  • Note: You can only list prices in your linked currency (or currencies, if linking multiple accounts)

If you plan to connect multiple accounts or wish to receive payouts in your local currency, learn more in Multi-Currency Payouts and Tools.

When Do I Get Paid?

Payout timing depends on your payout settings and the type of sale.

If you have automatic payouts enabled in your Cohart Connect dashboard, payouts generally arrive within 1–5 business days after the payment has cleared.

If you have manual payouts enabled, funds will remain in your connected Stripe account until you manually transfer them from your dashboard.

Shipped Sales

For shipped sales, payouts are handled separately and are typically sent by wire transfer. Payouts for shipped sales are released 14 days after delivery is confirmed.

What’s Included in Your Payout

Your payout includes:

  • Artwork price
  • Minus processing fees
    • Processing fees are determined by your plan tier. See your plan under Stripe Processing and Cohart Processing Fees to determine your processing fees.
  • (Discover sales only) Minus any applicable marketplace commission 

Note for U.S. sales:
Sales tax is collected from the buyer and is not deducted from your payout.

Here are some frequently asked questions about payouts:

Can Cohart send payouts to non-U.S. bank accounts?

Yes. Cohart supports payouts to both U.S. and international bank accounts through Cohart Connect, subject to Stripe's supported countries and currencies.

 

Do I need to complete Cohart Connect?

Yes. As of June 2026, Cohart Connect became the standard payout method for all sellers.

This change was made to provide:
• Faster payouts
• Enhanced seller protections
• Direct bank transfers through Stripe
• Improved multi-currency support
• A more streamlined payout experience

Because funds are sent directly through Stripe, payouts no longer need to pass through Cohart before reaching the seller.

 

What is the 20% marketplace commission?

A 20% marketplace commission applies only to sales generated through Cohart Discover. This applies when a collector discovers and purchases your artwork through the public Discover marketplace experience.

The 20% marketplace commission does not apply to your direct sales tools. You still keep 100% of sales made through:

  • POS / Tap-to-Pay
  • Direct invoices
  • QR code checkouts
  • Your website, portfolio, and direct Cohart links

For these direct sales, standard payment processing fees still apply based on your current Cohart plan, but there is no marketplace commission.

For Discover marketplace sales, your payout is calculated as: Artwork price minus applicable processing fees minus the 20% marketplace commission.

 

Does Cohart collect sales tax?

Yes. Cohart can collect and file applicable U.S. sales tax on eligible transactions. Learn more in How Sales Tax Works on Cohart.

 

Do I need to submit a W-8 or W-9?

Only if you're receiving payouts from Cohart Discover (marketplace sales). Marketplace payouts are issued directly by Cohart and require the appropriate IRS tax documentation before payment can be released.

If you're receiving payouts through POS, Tap-to-Pay, invoices, or other direct sales, your payout account is managed through Stripe. Any tax information required for your Stripe account is collected during the Stripe onboarding process—you do not need to submit a W-8 or W-9 to Cohart for these sales.

W-9 Form — For U.S. persons

 A W-9 is required for:

  • U.S. citizens

  • U.S. residents

  • U.S.-registered businesses (LLCs, corporations, partnerships, sole proprietors)

Why we collect it: Cohart uses the W-9 to verify that you are a U.S. taxpayer so we can issue payouts to you correctly, provide you with an annual form 1099-NEC or 1099-MISC to report your earnings to the IRS, and confirm that no withholding tax should be applied.

W-8BEN / W-8BEN-E — For non-U.S. persons

 If you are NOT a U.S. citizen, resident, or U.S.-registered business, you should complete a W-8 form (W-8BEN for individuals or W-8BEN-E for businesses).

Why we collect it: Foreign galleries and artists are not required to pay U.S. income tax, but the IRS requires this form on file to validate your foreign status. Completing a W-8 certifies your foreign status so:

  • No U.S. income tax withholding is taken from your payout
  • Cohart can legally release payment to you

 

Is the shipping fee deducted from my payout?

No. Shipping fees are paid separately by the buyer when applicable.

 

Why are payouts not instant?

Cohart uses Stripe to securely process payments. Because we operate as a platform (not a standalone card reader), funds must:

  • Be received and cleared
  • Pass fraud and dispute checks
  • Move through the banking system

This protects you from chargebacks, fraudulent transactions, and failed payments.

     

    Does the buyer also pay for packing?

    No, as the seller, you are responsible for packing the artwork and covering any associated costs. We recommend factoring the cost of custom packaging into the final price of the artwork. You can include an itemized breakdown on the invoice, clearly noting that the price includes packaging. This ensures transparency and gives the buyer visibility into the costs.

    Alternatively, you can add a rough estimate of packaging costs to the artwork’s total price and mention that it covers custom packing.

     

    What if I don't have a supported bank account for Cohart Connect?

    If your local bank account isn't supported by Stripe, or you're having trouble connecting a bank account through Cohart Connect, a common solution is to open a Wise account.

    Wise provides local bank account details in multiple currencies (such as USD, EUR, GBP, AUD, and others), which can often be connected to Cohart Connect as payout accounts.

    For example, if you're based internationally and cannot connect your local bank account through Stripe, you may be able to connect a Wise account instead and receive payouts this way.

    Please note:

    • Wise is a financial institution that provides bank account details in multiple currencies.
    • Stripe is the payment processor that sends your payout.
    • Currency and country availability are determined by Stripe and may vary by region.

     

    Why isn't my American Express card working?

    Because payment methods are subject to card network requirements, issuer policies, and platform-level payment settings, some American Express transactions may not be supported during checkout. If your card is not processing successfully, we recommend trying an alternative credit or debit card.

    Please note that this does not indicate an issue with the card account itself; it simply means that the payment method is not currently available for that transaction.

    If you have questions or continue experiencing issues, please contact our support team and we'll be happy to help.