Seller Payment Terms

This page describes ShapeBootstrap’s payment terms intended for sellers at the marketplace. ShapeBootstrap authority reserves the right to modify these terms without any prior notice.

Payment Schedule

Our payment schedule is 15th of each month. That means sellers who sell their products via ShapeBootstrap marketplace will get payments on 15th of every month for the last calendar month. So, the January revenue/balance is paid on February 15th. The 15 days hold is put on revenue/balance as a fraud prevention measure.

Minimum Payment Balance

The minimum payment amount is $50. If a seller’s account balance doesn’t reach to that minimum amount in a certain month, we will carry forward the balance to the next payment schedule. The payment is calculated till the last day of an eligible calendar month. The payment disbursement month’s revenue is not counted.

To make this clearer, here is an example. Suppose, a seller’s account has a $100 balance till January 31st. This amount is to be paid on February 15th. The revenue between February 1st to February 15th will not be included in the exemplified payment. The February revenue will be paid on March 15th. Sellers can always check the available balance on their account dashboard.

Payment Methods

Payments will be made to the selected payment method defined by the seller. Currently we support PayPal and Payoneer as payment methods.

Refund Policy

In case of refunds, the respective seller will pay the refunded amount. If there incurs any transaction charge due to the refund, the concerned seller is required to pay that fee. If the seller’s account doesn’t have sufficient balance to meet the refund payment, there will be a negative balance in his/her account which is to be adjusted from his/her item sales revenues.

Proper Information

The seller must provide correct and legitimate payment method information in order to withdraw their revenue from ShapeBootstrap.

These terms can be explained by only the ShapeBootstrap authority. Please feel free raise a query.


These terms were last modified on March 22, 2016.

Newsletter

Want more Bootstrap themes & templates? Subscribe to our mailing list to receive an update when new items arrive!