Balance Payment Process. All financial transactions are handled by MANAWA’s financial services’ partner(s) and paid to MANAWA’s accounts. As per the Balance Payment Process described below, MANAWA becomes the Partner’s debtor until the corresponding balance payment has been settled. MANAWA On the 14th day following the end of each month, MANAWA will calculate the amount due to Partners (the “Balance”), as per the following principles: - total amount paid by the Customers for the Activities performed and completed during the previous month, as well as all amounts retained from Customers in case of cancellations; - minus amounts corresponding to Transactions challenged by Customers (amounts corresponding to Transactions or Activities giving rise to a dispute will not be paid to the Partner until the dispute has been resolved); - minus the Commission due to MANAWA by Partners and any other fees or amounts that may be due by Partners to MANAWA (such as fees pertaining to additional services provided by MANAWA). The amount corresponding to the Balance will be wired to Partner’s bank account no more than sixteen (16) days following the end of each month, provided that all documentation required by applicable laws and regulations (often referred to as “KYC documents”) as well as (valid) insurance and professional documents have been provided by Partner to MANAWA and/or its financial services’ partner(s), and that such payment does not infringe any laws or regulation. Standard banking fees and other transaction costs are at the expense of MANAWA, except if. the particular situation of the Partner generates non-standard transaction costs (e.g. due to Partner’s bank account, to its banking system or to the chosen currency). Due to bank transfer costs in certain geographies (making the use of SWIFT compulsory), MANAWA may decide to postpone payment of the Balance to the Partner until the Balance reaches a minimum of up to 1000€ or an equivalent amount in Partner’s payment currency.
Balance Payment Process. All financial transactions are handled by ADRENALINE HUNTER’s financial services’ partner(s) and paid to ADRENALINE HUNTER’s accounts. As per the Balance Payment Process described below, ADRENALINE HUNTER becomes the Partner’s debtor until the corresponding balance payment has been settled. On the 14th day following the end of each month, ADRENALINE HUNTER will calculate the amount due to Partners (the “Balance”), as per the following principles: - total amount paid by the Customers for the Activities performed and completed during the previous month, as well as all amounts retained from Customers in case of cancellations; - minus amounts corresponding to Transactions challenged by Customers (amounts corresponding to Transactions or Activities giving rise to a dispute will not be paid to the Partner until the dispute has been resolved); - minus the Commission due to ADRENALINE HUNTER by Partners and any other fees or amounts that may be due by Partners to ADRENALINE HUNTER (such as fees pertaining to additional services provided by ADRENALINE HUNTER). The amount corresponding to the Balance will be wired to Partner’s bank account no more than sixteen (16) days following the end of each month, provided that all documentation required by applicable laws and regulations (often referred to as “KYC documents”) as well as (valid) insurance and professional documents have been provided by Partner to ADRENALINE HUNTER and/or its financial services’ partner(s), and that such payment does not infringe any laws or regulation. Standard banking fees and other transaction costs are at the expense of ADRENALINE HUNTER, except if. the particular situation of the Partner generates non-standard transaction costs (e.g. due to Partner’s bank account, to its banking system or to the chosen currency). Due to bank transfer costs in certain geographies (making the use of SWIFT compulsory), ADRENALINE HUNTER may decide to postpone payment of the Balance to the Partner until the Balance reaches a minimum of up to 1000€ or an equivalent amount in Partner’s payment currency.
