When selling with Bizibi, there are three sets of fees that apply, (i) Monthly subscription site fees and (ii) commission fees are applied to your transaction based on where the sale took place and which programs you are a part of (iii) bank transfer fees
(i) monthly Fixed Fees
Currently there is no monthly FEE.
(ii) commission Fees
There is a 7% commission fee on each sale.
We will remit payment to the sellers once a month, on the last Thursday of the month for all transactions older than 5 business days, or when the funds being held for the seller accumulates to $2,500TT.
In any case no funds will be remitted for transactions early then 5 days from the data of the transaction.
Remittance will be done strictly to the bank account via bank to bank transfer. Cheques can only be issued where the seller is terminating service with us and banking is no longer available.
While the funds are with us, they will sit in a client account, sellers funds will be separate from Taurus funds. We will transfer the fees/commissions due to our own separate account. Sellers funds will not be used for any of Taurus operations.
Changes to This Policy
Bizibi may update this Reseller Fees and Remittance policy from time to time in order to reflect, for example, changes to our fees or for other operational, legal or regulatory reasons. If we make material changes to this Policy, we will give you 30 days notice of such changes by posting the revised policy on our Sites and where appropriate by other means.