Effective Date: September 23, 2024
This Fees and Payouts Policy explains the fees, limits, payout processes, and tax responsibilities associated with withdrawals and payouts on the ThriveBookings platform. By using ThriveBookings, you agree to the following terms.
A 5% fee is charged for all withdrawal or payout requests made through the ThriveBookings platform. This fee applies to the total amount being withdrawn and will be deducted automatically from the payout.
Payouts can only be requested when your account balance reaches a minimum of $100. Payout requests for amounts below $100 will not be processed.
The following limits apply to all payout requests:
- Maximum payout per 24 hours: $5,000
- Maximum payout per week: $5,000
- Maximum payout per month: $20,000
Payout requests exceeding these limits will be processed incrementally over the respective time periods.
Payouts are processed within 24 to 48 hours of the request. Processing times may vary based on the selected payout method and financial institution policies.
ThriveBookings offers multiple options for receiving payouts. You may select one of the following methods for receiving your funds:
- PayPal
- Stripe (integration coming soon to make the process smoother)
- Cryptocurrency (available soon)
Please note that processing times and fees for each method may vary depending on the payment processor or blockchain network for cryptocurrency.
Service providers are solely responsible for reporting and paying any taxes, fees, or other government obligations that arise from the use of the ThriveBookings platform. This includes income tax, sales tax, VAT, or any other applicable tax liabilities.
ThriveBookings is not responsible for collecting or remitting taxes on behalf of service providers or users at this time. However, we are working to integrate with Stripe to make the tax handling and payout process easier for all service providers. Once implemented, this integration may assist service providers in managing their tax obligations.
The availability of funds is determined by the payout method you select. Once your payout request is processed, funds will be available according to the terms set by PayPal, Stripe, or the selected cryptocurrency network.
We are continuously working to expand the available payout methods on the platform. In the near future, we will integrate additional payment options, including more cryptocurrency options, to offer more flexibility for payouts.
If you have any questions regarding fees, payouts, or the available methods for receiving funds, please contact us at:
CrownThrive LLC, P.O. Box 201, Gretna, VA 24557
Email: contact@crownthrive.com
This Fees and Payouts Policy was last updated on September 23, 2024.