You expressly agree and acknowledge that the terms and conditions contained in this Accounting Policy are incorporated within the Twizby Clipper and UGC Creator Contract and you expressly acknowledge that you have read this Accounting Policy and agree to comply with and be bound by all of its terms and conditions as a requirement of creating and maintaining an account on the TwizbyPlatform. If at any time you do not agree with any part of this Accounting Policy, you agree that your sole remedy is to cease any further use of the Twizby Services and terminate your account, in which case You agree that any activity that transpired prior to the date of such termination shall be governed in full by this Accounting Policy.
NOTE: All references to amounts and use of the "$" sign refer to amounts in U.S. dollars.
NOTE: Twizby paycheck fees are $5.00, and wire transfer fees are $45.00.
For information about specific terms of the Twizby Accounting Policy refer to the appropriate section below:
• Payment Method and Payment Frequency
• Pay Period End Time
• Payment Distribution
• Direct Deposit (United States)
• Payment Change Deadlines
• Payment Threshold
• Returned Direct Deposits
• Currencies
• Sales Tax
• VAT Tax
• Account Closure
• Customer Distribution Requirement
• Taxpayer ID Number Requirement
• Legal Limitations
Payment Method and Payment Frequency
Twizby offers Direct Deposit as payment methods for clients to receive their funds. Accounts receiving direct deposit and wire payments (US or International) are eligible for once per week or once per two-week payments.
Pay Period End Time
Pay period end times and payment send dates are dependent upon your selected Payment Frequency. For accounts receiving payments weekly, pay periods end at 12:00:00 a.m. Pacific time every Wednesday. For accounts receiving payments once every two weeks, pay periods end at 12:00:00 a.m. Pacific time every other Wednesday. Changes to your selected Payment Frequency will go into effect in accordance with the Payment Change Deadline.
Changing your Payment Frequency from once per week to once every two weeks (or vice-versa) may result in overlap between pay periods and the amount settled. Due to the overlap the first pay period on your new schedule could be longer or shorter than standard. In the case of overlap, Twizby always settles your open sales since your last pay period ended.
Payment Distribution
Payments are distributed to clients two days after period-end.
Direct Deposit (United States)
Twizby offers Direct Deposit (ACH) of your Twizby Platform account payment to U.S. bank accounts. This is the fastest and easiest way to receive your funds. Direct deposits may take 1-2 business days to reach your account.
Payment Change Deadlines
All changes to payment details, including address or payee changes, and changes between payment methods, must be made prior to the payment period end date(“Payment Change Deadline”).
Payment Threshold
The "Payment Threshold" is a predetermined minimum amount of money you must have in your account before we generate a payment. You may select an amount from $50 to $1,000,000 as your Payment Threshold amount. The default setting is $100. Wires must be in an amount of at least $50. A $5.00 processing charge is assessed against each payment we issue. To change your Payment Threshold, login to your account and select the "Settings" tab. Click "Edit" to the right of the "Payment Information" section. Select the "Payment Threshold" of your choice, then click the "Save Changes" button.
Returned Direct Deposits
Payments that are sent via direct deposit that are returned to us due to invalid banking information are re-sent to you via check. Additionally, your account payment method will be switched to check until you provide accurate banking information. You may contact Twizby Accounting to inquire about the details of your returned direct deposits. Please send your request to [email protected] with the period ending date, the amount, and your nickname.
Currencies
All transactions are applied to your account in U.S. Dollars. For products priced in U.S. Dollars, the amount applied to your account will always be based on the U.S. Dollar price - the currency the customer chooses to purchase in does not affect the U.S. Dollar amount applied to your account.
Sales Tax
As the retailer of record, Twizby is responsible for collecting and remitting tax on sales to end customers. These taxes are assessed based on the location of the end customer and the laws of the jurisdiction in which they reside.
VAT Tax
Under European laws, Twizby is required to collect and remit Value Added Tax (VAT) on sales of electronic services and electronic intangible products. For more information on where Twizby collects and remits VAT on sales, please email us at [email protected].
Account Closure
You may close your account at any time. Any closing balance under $10 will be forfeited. To close your account, please contact us at [email protected].
Customer Distribution Requirement
This requirement is in place to help prevent Clippers from abusing the Twizbyprogram by using their accounts for the sole purpose of fraudulently collecting rebates and/or discounts on their own purchases. Twizby’s internal criteria are determined in its sole discretion and will be revised and updated as needed.
Once you have met the Customer Distribution Requirement, your account will begin issuing payments normally, in accordance with our Accounting Policy, beginning on the next payment issuing date. If Twizby identifies any conduct by a Clipperdemonstrating refund abuse or conduct like that referenced in this policy, Twizbyreserves the right to suspend or cancel the Clipper account in question.
Taxpayer ID Number Requirement
Clippers are required to have a taxpayer ID number linked to their account.
The taxpayer ID number input in the account must match the payee listed on the account.
This means:
• If you have a business name as the payee, you must input the EIN into your account that matches the payee. Be sure to use the proper 9-digit format including dashes: 12-3456789
• If you have an individual name as the payee, you must input the SSN into your account that matches the payee. Be sure to use the proper 9-digit format including dashes: 123-456-789
• If you are utilizing a business name but reporting under an individual SSN, you will need to provide an IRS form W-9 to us.
• If you are a foreign citizen utilizing a US address, but a beneficial resident of a different country, you will need to provide us with an IRS form W-8BEN.
W-9 and W-8BEN forms may be faxed to 559-210-0502 or may be submitted by email to our accounting department. Be sure to note your account nickname on the form.
Legal Limitations
This document is not a warranty. For more details please consult the Twizby Clipper and UGC Creator Contract, which governs this Accounting Policy and of which this Accounting Policy is a fully incorporated part.