Safeguarding Creator Funds

Protecting Your Funds, Building Your Trust

At Easol, empowering you—our Creators—is our top priority. We’re here to make it easier for you to create unique experiences that shape the future. Trust is at the heart of what we do, and that’s why we’re taking a big step to make sure your hard-earned money is even safer with us.

Easol’s setup safeguards your funds

When Easol processes payments for Creators, we do so as an agent on their behalf. We don't operate as the merchant of record with regards to the experience, which means we don't buy and resell the experience. We are also not responsible for their delivery, and exclude any contractual relationship with the Creator’s end-customer. For more on this, see our T&Cs. 

As a result of this setup, all funds processed on your behalf are legally yours at all times. 

We keep creator funds in strictly segregated accounts, separate from Easol's operational funds, and don't co-mingle (with the exception of our fees, which we regularly deduct from Creator funds in accordance with our Agreement and T&Cs). Creator funds are never used to fund Easol expenses, to finance advances, or any other purpose that would depart from our obligation to process your funds in any way that isn't in keeping with our Agreement or Terms.

Adding an extra layer of security: Introducing Easol’s Creator Trust Account

Building on this, we’re taking the commitment to keep Creator funds safe a step further and have set up a Trust that legally reinforces the separation and provides binding clarity on ownership of funds.

The Easol Creator Trust Account is a legally binding trust designed to protect your money from any financial issues that might affect our company. This means that in the unlikely event of an Easol insolvency, the funds we collect on your behalf remain safeguarded and separate from our own - ensuring that your money remains your money. 

What is a Trust?

A Trust is a secure legal arrangement that helps to protect and manage assets for the benefit of specific individuals. Here’s how it works: one party, known as the trustee, holds and manages assets (in this case, your funds) solely for the benefit of the beneficiaries (you, the creator). This means that the Creator Trust Account keeps your funds separate and protected, regardless of Easol’s financial health.

How Does the Creator Trust Account Work?

Simply put, the Creator Trust Account acts as a ‘safety net’ for your funds. When we collect funds on your behalf, that money is deposited into accounts that are automatically covered by the Trust. Funds are held safely until it’s time for disbursement, keeping it protected from any risks tied to Easol’s financial health. In practice, the Trust ensures Creator funds are not only 100% ring fenced and protected, but will also be available for rapid payout without getting tangled up in any administration proceedings. 

Your Vision, Our Promise

At Easol, we’re here to champion your creativity and protect the fruits of your hard work. By implementing the Creator Trust Account, we’re reaffirming our commitment to you, ensuring your funds are safe, secure, and in trusted hands. With us, you can focus on creating, knowing that your earnings are protected and ready for your success.

Thank you for trusting us to be part of your journey. We can’t wait to see what you’ll create next!

Ben and Lisa, Co-Founders of Easol