Common use of Payout Procedure Clause in Contracts

Payout Procedure. (a) The Company or its designated agent will make payouts to the Affiliate in accordance with the payout schedule set out in the affiliate portal, on condition that the Affiliate satisfies the minimum payout amount. (b) The Affiliate is responsible for ensuring that the payment information the Affiliate provides to receive payments is accurate. Neither the Company nor its designated agent will be liable for any payments that cannot be transmitted to the Affiliate due to inaccurate payment information, or due to any technical or other problems with the Affiliate’s chosen payment provider’s system. (c) The Company will make all payouts in U.S. dollars. Unless the parties agree otherwise, the Company is not responsible for making payouts in any other currency, for any currency conversion charges or fees the Affiliate may incur as a result, or for any fluctuations in the respective value of any currency as compared to the U.S. dollar. (d) The Company is not responsible for any third-party fees charged by banks or financial institutions used to receive commissions. The Company may deduct third-party processing fees from the Affiliate’s payout. (e) The Company will remove refunds, chargebacks and any wire fees from the Affiliate’s commissions before disbursing payouts. If the chargebacks and refunds are greater than the Affiliate’s last payout, the Company will withhold payment until the Affiliate’s account stops incurring chargebacks and refunds. (f) The Affiliate will pay all taxes attributable to revenues earned under this agreement. On one or more occasions, the Company may request the Affiliate to provide tax information depending on the jurisdiction in which the Affiliate resides or is organized. The Affiliate will promptly comply with any request by the Company for tax information. If the Company requests tax information from the Affiliate and the Affiliate fails to provide it to the Company, the Company may withhold payment from the Affiliate until the Affiliate provides this information or otherwise satisfies the Company that the Affiliate is not a person from whom the Company is required to obtain tax information. (g) If the Affiliate disputes a payment or the calculation of a commission, the Affiliate will notify the Company in writing of the dispute or discrepancy no later than 30 days after the end of the pay period in which the disputed payment occurred. The Affiliate will include in its written notice a detailed statement describing the nature and amount of the dispute and all supporting evidence. The Affiliate will cooperate fully and in good faith with the Company to promptly address and try to resolve the dispute. If the Affiliate fails to timely notify the Company in writing, the parties will consider the Company’s determination correct and binding on the Affiliate, and the Affiliate will not dispute the Company’s determination. (h) The Company may cancel or change the payout methods available to the Affiliate, the timing of payouts, the minimum earnings required for a payout, and any other payout terms in its own discretion. The Company will generally provide notice of changes in the payout terms in the same way as it provides notice of changes to this agreement, but the Affiliate acknowledges that it is the Affiliate’s responsibility to review the affiliate portal periodically for any changes to the payout terms.

Payout Procedure. (a) The Company or its designated agent will make payouts to the Affiliate in accordance with the payout schedule set out in the affiliate portal, on condition that the Affiliate satisfies the minimum payout amount. (b) The Affiliate is responsible for ensuring that the payment information the Affiliate provides to receive payments is accurate. Neither the Company nor its designated agent will be liable for any payments that cannot be transmitted to the Affiliate due to inaccurate payment information, or due to any technical or other problems with the Affiliate’s chosen payment provider’s system.to (c) The Company will make all payouts in U.S. dollars. Unless the parties agree otherwise, the Company is not responsible for making payouts in any other currency, for any currency conversion charges or fees the Affiliate may incur as a result, or for any fluctuations in the respective value of any currency as compared to the U.S. dollar. (d) The Company is not responsible for any third-party fees charged by banks or financial institutions used to receive commissions. The Company may deduct third-party processing fees from the Affiliate’s payout. (e) The Company will remove refunds, refunds and chargebacks and any wire fees from the Affiliate’s commissions before disbursing payouts. If the chargebacks and refunds are greater than the Affiliate’s last payout, the Company will withhold payment until the Affiliate’s account stops incurring chargebacks and refunds. (f) The Affiliate will pay all taxes attributable to revenues earned under this agreement. On one or more occasions, the Company may request the Affiliate to provide tax information depending on the jurisdiction in which the Affiliate resides or is organized. The Affiliate will promptly comply with any request by the Company for tax information. If the Company requests tax information from the Affiliate and the Affiliate fails to provide it to the Company, the Company may withhold payment from the Affiliate until the Affiliate provides this information or otherwise satisfies the Company that the Affiliate is not a person from whom the Company is required to obtain tax information. (g) If the Affiliate disputes a payment or the calculation of a commission, the Affiliate will notify the Company in writing of the dispute or discrepancy no later than 30 days after the end of the pay period in which the disputed payment occurred. The Affiliate will include in its written notice a detailed statement describing the nature and amount of the dispute and all supporting evidence. The Affiliate will cooperate fully and in good faith with the Company to promptly address and try to resolve the dispute. If the Affiliate fails to timely notify the Company in writing, the parties will consider the Company’s determination correct and binding on the Affiliate, and the Affiliate will not dispute the Company’s determination. (h) The Company may cancel or change the payout methods available to the Affiliate, the timing of payouts, the minimum earnings required for a payout, and any other payout terms in its own discretion. The Company will generally provide notice of changes in the payout terms in the same way as it provides notice of changes to this agreement, but the Affiliate acknowledges that it is the Affiliate’s responsibility to review the affiliate portal periodically for any changes to the payout terms.