Seller Earnings & Payouts

This Seller Earnings & Payout Policy (“Policy”) defines the terms under which Sellers are remunerated for Content licensed via the Platform, including service fees, remittance procedures, and administrative adjustments.

This Policy is an integral part of your agreement with KFA AG (“Company,” “Seeit.co,” “we,” or “us”) and supplements the Content Provider Agreement and the General Terms & Conditions. By using Seeit.co as a Seller, you agree to these terms.

1. DEFINITIONS

Seller: A Creative User who has completed onboarding and is authorized to license Content and receive revenue through the Platform.

Seller Earnings: The portion of the Buyer Payment that the Seller is entitled to receive after the deduction of Service Fees and any applicable adjustments.

Service Fee: The portion of the Buyer Payment retained by Seeit.co as a commission for providing platform services and acting as the Seller's authorized collection agent.

Remittance: The transfer of Seller Earnings from the Company to the Seller’s designated payout method.

Settlement Period: The minimum duration (standardly 7 days) that funds must remain in the system before becoming eligible for remittance to ensure transaction security and fraud prevention.

2. EARNINGS STRUCTURE & AGENCY ROLE

Seeit.co acts as a limited authorized payment collection agent for the Seller.

• Collection: We collect the Buyer Payment on your behalf. Per our agency agreement, the Buyer’s debt to you is legally discharged the moment we receive the funds.
• Standard Split: Unless otherwise agreed in writing, you will receive 80% of the gross revenue from transactions during your first 30 days following successful identity verification (KYC). Thereafter, you will receive 80% of gross revenue.
• Service Fee: The remaining percentage (typically 20%) is retained by Seeit.co as a Service Fee for platform maintenance, hosting, and agency services.
• Calculation: Seller Earnings are calculated based on the gross amount paid by the Buyer, exclusive of any sales taxes or third-party processing surcharges that may be applied at checkout.

3. REMITTANCE & WITHDRAWAL PROCESS

You may request a remittance of your available Seller Balance at any time, subject to the following conditions:

• Settlement: Funds must have cleared the 7-day settlement period. This period may be extended up to 28 days for new accounts or accounts flagged for high-risk activity.
• Minimum Threshold: You must meet the minimum withdrawal amount specified for your chosen payment method.
• Methods: Remittances are processed via your registered payout method (e.g., Bank Transfer, Crypto Wallet, or third-party payment providers).
• Timelines: We aim to initiate all valid remittance requests within ten (10) business days. Delays may occur due to bank holidays, third-party provider issues, or internal compliance reviews.
• Accuracy: You are solely responsible for providing accurate banking and tax details. Seeit.co is not liable for funds lost due to incorrect information provided by the Seller.

4. DORMANT BALANCES & UNCLAIMED FUNDS

Dormancy Trigger: If you do not request a remittance or engage with the Platform for a period of twelve (12) months, your Seller Balance will be classified as "Dormant."

Reminders: We will attempt to notify you via your registered email prior to this classification.

Waiver of Rights: After 12 months of inactivity, you are deemed to have waived your right to the funds, and Seeit.co may close the balance.

Legal Compliance: For Sellers subject to specific jurisdiction-based "unclaimed property" or "escheat" laws (such as in certain U.S. states), we will follow the mandatory statutory procedures for those regions, which may involve transferring funds to the relevant government authority.

5. TAX RESPONSIBILITIES

Gross Payment: All Seller Earnings are remitted gross of income tax. You are the principal in the transaction with the Buyer; as such, you are solely responsible for reporting and paying all applicable taxes in your jurisdiction.

Withholding: We may withhold taxes or collect specific tax documentation (e.g., W-8BEN, VAT numbers) where mandated by Swiss law or international treaties. Failure to provide requested tax documentation may result in the suspension of remittances.

6. CHARGEBACKS, REFUNDS & DISPUTE FEES

As your agent, Seeit.co manages payment disputes. If a Buyer successfully contests a transaction:

• Clawback: We will deduct the disputed amount from your Seller Balance. If your balance is insufficient, the debt will be carried forward and deducted from future earnings.
• Fraud Mitigation: We reserve the right to freeze your balance indefinitely if we suspect your account is involved in fraudulent activity or if you are consistently delivering content that does not match its description.

7. GOVERNING LAW

This Policy is governed by the laws of Switzerland. Any disputes regarding earnings, fees, or remittances shall be resolved exclusively in the courts of our registered seat in Switzerland.