Balance and tariffs
Last updated
Last updated
Since the peculiarity of our payment service is the acceptance of payments directly to the wallets of users (sellers) - the service cannot automatically deduct the commission directly from the transaction. Therefore, we have implemented a mechanism where the commission is deducted from the internal balance in the personal cabinet. The user needs to replenish the internal balance from time to time
The service automatically adjusts the commission % for each project on a weekly basis. You can see what % is set for your projects in section
The commission % is calculated automatically at the end of each week for each project.
The sum of all paid invoices for the last 30 days for each project is taken for calculation. Payments are summarized in USD equivalent.
The calculated commission % is fixed for a new week for each project based on the tariff grid:
From $0.00
1,00%
From $1,000.00
0.90%
From $5,000.00
0,80%
From $10,000.00
0,70%
From $50,000.00
0,60%
From $100,000.00
0,50%
At the end of each day the commissions of all paid invoices are summarized in USD equivalent.
The calculated amount of commission in USD is deducted from the internal balance.
If there are not enough funds on the internal balance - the balance goes into minus.
During the week (Monday - Sunday) the service works without restrictions (even with a negative internal balance).
Every Monday at 23:50 UTC the service checks the internal balance, if it is negative - the invoice creation functionality is blocked.
To unblock it is required to pay off the debt in full.
After debt repayment - the functionality will be unblocked immediately.
For uninterrupted operation (without restrictions) you should either always maintain a positive internal balance, or pay off your debts every Monday.
In the settings of each project, you can choose the party who pays the commission for the invoices. This can be:
Seller - commission does not increase the invoice amount. The buyer pays the amount that the seller specified when invoice creation is performed
Buyer - the commission is calculated from the invoice amount and the invoice is increased by the commission amount.