This article provides information on how Service providers can be paid when using Source:
- What currency is accepted for payment?
- When is payment received?
- What currency are the payments sent in?
Service providers are responsible for setting their own payment terms and sending their own invoices. When creating a Project Scope, a pop up will appear after clicking “send to client”. In the pop up section, service providers must select whether or not a deposit is required. If a deposit is required, the service provider will input the deposit amount, in accordance with the payment terms listed on the project, and then select to send the Project Scope and deposit request to the brand.
The brand receives the Project Scope and deposit request and submits payment through credit card or digital wallet. Once the balance is due for a project, service providers visit the Project Scope page and click the “Request Payment” button at the top of the page. The brand will then receive the request for the balance of the fee to be paid.
What currency is accepted for payment?
The Folklore currently only accepts USD transactions at the moment.
When is payment received?
Depending on the country the bank account is registered in, payouts from invoices paid by brands will be received within 2-7 business days.
What currency are the payments sent in?
Payments are sent in USD and converted to the local currency associated with your bank account.