In an effort to reduce costs and to streamline the administration process IMRO does not issue statements until an accumulated value of members’ royalty earnings reaches the accumulated threshold value of €10. At such time members will be paid the accumulated royalties in the next scheduled royalty distribution run. In the meantime members will be able to review their earnings online through a secure Members Only Area of the IMRO website.
In addition IMRO has currently two payment thresholds in place: (1) Non-ROI bank accounts (threshold value- €50) and (2) for cheque payments (threshold value – €500).
The existence of threshold payment values enables us to move ever closer to paperless processes and the delivery of associated cost and service benefits to members.