Post by Kimberanne on Jul 11, 2009 15:07:30 GMT -6
This Payment Policy forms part of the Member Agreement and is incorporated by reference therein. Capitalized terms not defined herein will have the meanings set forth in the Member Agreement and related policies.
1. PPC's payment responsibilities for Advisor Services you provide are subject to restrictions and limitations. The Member who initiates a Transaction with an Advisor through the Site is solely responsible for payment of any and all fees for the Transaction. PPC shall not be obligated to pay any Advisor fees for which PPC has not been fully paid by the Member or Member's credit card issuer or bank, as applicable. You hereby authorize PPC to collect payments from Members on your behalf for any and all Transactions that you conduct. PPC will credit to your Member account the fees collected by PPC less PPC's commissions set forth below, any tax withholdings required by law, and any refunds, discounts, charge backs and chargeback fees payable by PPC (the "Net Fees").
Chat room
As an Advisor, the minimum per minute rate charged to Members for Private Chat room readings is $3.99.
Starting July 09, 2009, ProPsychicChat's commission structure (the "ProPsychicChat Commission") will be as follows:
Charter Psychic Advisors*
Private Chat room readings 30%
Classes/Seminars 30%
Tips 30%
Psychic Advisors**
Private Chat room readings 40%
Classes/Seminars 40%
Tips 40%
A "Live Session" includes a session between a Psychic Advisor and a Member via voice, chat, video or any other medium. The ProPsychicChat Commission for Live Sessions remains at the rate identified above regardless of the session amount.
ProPsychicChat reserves the right to modify the ProPsychicChat Fees at any time without prior notice. However, ProPsychicChat will use reasonable efforts to notify the Psychic Advisor in advance of any such change via e-mail.
2. Advisor Fee Remittance.
a. PPC will distribute Advisor fees to you from your Advisor account every two weeks. The payout period covers a 14 day period starting at 12:01 am EDT Friday and ending on midnight EDT on Thursday. PPC makes payments only in U.S. dollar denominations.
b. PPC will hold the payment until the amount due to the Advisor at the end of any payout period that is at least twenty-five dollars ($25). PPC will issue payments within approximately seven (7) days following the end of each payout period.
c. You may register to receive fees through PayPal if you have a valid PayPal account. You will be responsible for any transaction fees charged by PayPal.
d. If you live in the United States or Canada, you may choose to receive your account payout via paper check. Payout periods and amounts remain the same as payments issued through PayPal. PPC will send fees by check mailed to the address you specify via U.S. Postal Service with in approximately seven (7) days following the end of the payout period.
e. You are solely responsible for all hardware, software and other costs incurred in using the Site, and determining, collecting, reporting and paying any applicable state and federal sales, income or other taxes.
f. PPC reserves the right in its sole discretion to institute a chargeback policy as PPC deems appropriate. PPC reserves the right to withhold issuing payment for your fees without notice on any transaction which in our sole discretion suggests that the Member or Member's bank may not fulfill his or her payment obligation. PPC reserves the right to hold funds beyond the normal distribution periods for transactions it deems suspicious to ensure integrity of the funds.
g. PPC reserves the right to close a Member account at any time without reason, including, but not limited to, a violation of this Payment Policy, upon notice to the Advisor and payment to the Advisor of any unrestricted funds held in custody.
*Charter Psychic Advisors are individuals who join PPC prior to the official launch date and who pay a one time $50 registration fee.
**Psychic Advisors are individuals who join PPC any time after the official launch date.
1. PPC's payment responsibilities for Advisor Services you provide are subject to restrictions and limitations. The Member who initiates a Transaction with an Advisor through the Site is solely responsible for payment of any and all fees for the Transaction. PPC shall not be obligated to pay any Advisor fees for which PPC has not been fully paid by the Member or Member's credit card issuer or bank, as applicable. You hereby authorize PPC to collect payments from Members on your behalf for any and all Transactions that you conduct. PPC will credit to your Member account the fees collected by PPC less PPC's commissions set forth below, any tax withholdings required by law, and any refunds, discounts, charge backs and chargeback fees payable by PPC (the "Net Fees").
Chat room
As an Advisor, the minimum per minute rate charged to Members for Private Chat room readings is $3.99.
Starting July 09, 2009, ProPsychicChat's commission structure (the "ProPsychicChat Commission") will be as follows:
Charter Psychic Advisors*
Private Chat room readings 30%
Classes/Seminars 30%
Tips 30%
Psychic Advisors**
Private Chat room readings 40%
Classes/Seminars 40%
Tips 40%
A "Live Session" includes a session between a Psychic Advisor and a Member via voice, chat, video or any other medium. The ProPsychicChat Commission for Live Sessions remains at the rate identified above regardless of the session amount.
ProPsychicChat reserves the right to modify the ProPsychicChat Fees at any time without prior notice. However, ProPsychicChat will use reasonable efforts to notify the Psychic Advisor in advance of any such change via e-mail.
2. Advisor Fee Remittance.
a. PPC will distribute Advisor fees to you from your Advisor account every two weeks. The payout period covers a 14 day period starting at 12:01 am EDT Friday and ending on midnight EDT on Thursday. PPC makes payments only in U.S. dollar denominations.
b. PPC will hold the payment until the amount due to the Advisor at the end of any payout period that is at least twenty-five dollars ($25). PPC will issue payments within approximately seven (7) days following the end of each payout period.
c. You may register to receive fees through PayPal if you have a valid PayPal account. You will be responsible for any transaction fees charged by PayPal.
d. If you live in the United States or Canada, you may choose to receive your account payout via paper check. Payout periods and amounts remain the same as payments issued through PayPal. PPC will send fees by check mailed to the address you specify via U.S. Postal Service with in approximately seven (7) days following the end of the payout period.
e. You are solely responsible for all hardware, software and other costs incurred in using the Site, and determining, collecting, reporting and paying any applicable state and federal sales, income or other taxes.
f. PPC reserves the right in its sole discretion to institute a chargeback policy as PPC deems appropriate. PPC reserves the right to withhold issuing payment for your fees without notice on any transaction which in our sole discretion suggests that the Member or Member's bank may not fulfill his or her payment obligation. PPC reserves the right to hold funds beyond the normal distribution periods for transactions it deems suspicious to ensure integrity of the funds.
g. PPC reserves the right to close a Member account at any time without reason, including, but not limited to, a violation of this Payment Policy, upon notice to the Advisor and payment to the Advisor of any unrestricted funds held in custody.
*Charter Psychic Advisors are individuals who join PPC prior to the official launch date and who pay a one time $50 registration fee.
**Psychic Advisors are individuals who join PPC any time after the official launch date.