Tipser is the merchant of record for all sales done on Tipser and acts as a retailer for the connected merchant products. Therefore, Tipser manages payouts to merchants and publishers for sold products. Tipser only charges the merchant for the agreed commission per sale.
TABLE OF CONTENTS
- Payment Options
- Time of Getting Paid
- Currency and VAT
For API and Manual merchants, Tipser takes payments directly from customers and sends a payment to you once a month. You can choose your payment option on the Settings Dashboard in the Tipser Merchant Portal.
There are two payment options:
1. “Specification for invoicing” is our default payout option, a specification against which the merchant is entitled to raise an invoice against Tipser. This specification will be sent to the address specified on your merchant settings page. Please don’t invoice Tipser without receiving invoice data. Invoices are paid within ten business days.
2. The other option is “Payout”. Tipser will then generate a Credit Invoice on the 25th of every month. Tipser will issue a specification and transfer the due value automatically to your specified account. You will need to book Tipser invoice in your system.
Time of Getting Paid
Merchants get paid for all shipped sales on the 25th every month or on the first bank day following the 25th.
Invoice generation is usually done on the 17-18th day of each month. If your order is paid for after the 18th of the month, it will be paid in the next period.
In cases where you have already received the payment for a product that has been returned, we will deduct the amount on your next payout.
What are Shipped Sales?
Shipped sales are orders where the order items are set to "shipped" status, and thus ready for settlement, when an order item has been shipped and our grace period 21 days has passed.
Currency and VAT
You will always be paid in the currency of the market you sold to. For example, if you sell to Germany, you will get paid/invoiced in Euros (€).
Tipser acts as a merchant of record and is registered in Sweden and Germany. If you are a Swedish or German merchant, you will get paid, including your local VAT. If you are a merchant located elsewhere in the world, you will get paid excluding VAT.,