Payments are handled via third-party processors: Stripe & PayPal - you will be required to connect at least one processor via the Payment Settings page in the Creator Dashboard.
Stores in Jinxxy will be allowed to operate in 2 modes - Direct or Payouts.
The sales that are made will be sent Direct to your Paypal or Stripe account.
- You become the Merchant of Record, meaning transactions will be listed under your name or your businesses name.
- Every time a sale is made it will go directly into your account as they happen.
- You’ll be responsible for taxes and any business requirements with Paypal & Stripe.
The sales made will go into your Jinxxy account, we will be the Merchant of Record, meaning the transactions will be listed under Jinxxy’s name in your customers Paypal or on their credit card statement.
- We will automatically take care of your VAT and tax requirement and pay them with the help of a third party.
- You essentially don’t have to worry about any business requirements.
- Payments are held for at least 7 days then deposited automatically into your linked PayPal or Stripe account. Payouts happen automatically every Thursday.
- For your first payout you need to have sales to at least 3 unique customers after that you just need a $10 USD balance to get your payout.