Psychic Payment Policy

Psychic Payment Policy

Last Modified: 2/12/17

This Advisor Payment Policy forms part of the User Agreement and is incorporated by reference therein. Capitalized terms not defined herein will have the meanings set forth in the User Agreement and related policies.

  1. Psychics.com’s payment responsibilities for Advisor Services you provide are subject to restrictions and limitations. The User who initiates a Transaction with an advisor through the Site is solely responsible for payment of any and all fees for the Transaction.  Psychics.com shall not be obligated to pay any Advisor fees for which Psychics.com has not been fully paid by the User or User’s credit card issuer or bank, as applicable. You hereby authorize Psychics.com to collect payments from Users on your behalf for any and all Transactions that you conduct. Psychics.com will credit to your User account the fees collected by Psychics.com less Psychics.com’s connection charges and commissions set forth below, any tax withholdings required by law, and any refunds, discounts, chargebacks and chargeback fees payable by Psychics.com (the “Net Fees”).

Live Calls.

As an advisor, you may charge Users a price per-minute fee as part of the listed rate. Psychics.com may collect a percentage of the per minute rate as a connection fee.  Psychics.com will retain connection charges for each call in the amount of  Psychics.com’s then current connection percentage rate – which is currently 60% of the per minute rate.  Psychics.com reserves the right to change the amount of connection percentage retained by Psychics.com at any time.

Paid Mail.

As an advisor, you may charge a fee for responding to the Paid Mail requests that you receive. You must clearly state the fee for responding to Paid Mail in your Mail response.  Psychics.com will receive a commission stated in our agreement with you of the Gross Mail Fees. The “Gross Mail Fees” means the fees collected by Psychics.com for each Paid Mail sent from your Advisor address that is accepted by a User.  The current Gross Mail Fee for a caller to send a Mail message is $0.25 (twenty-five cents), of which the paid commission is 35% (thirty-five percent).  You may increase the rates for mail responses up to $2.00 (two dollars) for mail messages containing only text, and $5.00 (five dollars) for mail containing an attachment,of which the paid commission is 35% (thirty-five percent) of the Gross Mail Fee charges on the message. The Gross Mail Fee for messages sent by You will be paid to your account once the message and fee has been accepted and charged to the caller.

Paid Chat.

As an advisor, you may charge a fee for responding to the Paid Chat requests that you receive. The current fees for paid chat are $.50 (Fifty cents) for each message sent from the caller of which the paid commission is 35% (thirty-five percent) for each message the caller sends.  Messages that the Advisor replies to the caller are free and no commissions will be earned on such messages.

Text Messaging.

As an advisor, you will be paid for every text message that a caller sends to you. The Fee for a caller to send a Text message is $0.50 (twenty-nine cents), of which the paid commission is 35% (thirty-five percent).  You will not be paid for any return messages to the caller sent through the paid chat message box.

Paid Products.

As an advisor, you may charge a fee for products you sell through your profile. Products can include audio recordings, photos, documents, videos, and webcam and chat handles.  You must clearly state the price for each product in your User listing(s) of which the paid commission is 35% (thirty-five percent) of the Gross Product Fees. The “Gross Product Fees” means the fees collected by Psychics.com for each Paid Product sent from your Advisor account that is accepted by a User.  You will absorb all costs incurred for charge-back, and bear all risk of non-payment. You will indemnify, defend and hold Psychics.com harmless of and from any and all liability associated with products you sell.

 

Special Programs.

Psychics.com may, at its option, invite you to participate as an advisor in special offerings that may include reduced pricing, promotional rates, custom branding, qualifications verification and/or targeted promotion. You do not have any obligation to accept such invitations, however, if you do accept such an invitation, you agree to be bound by the terms set forth in the invitation in addition to the terms and conditions of the User Agreement and the policies incorporated therein.

2.  Advisor Fee Remittance.

Psychics.com will distribute Advisor fees to you from your User account.  Psychics.com makes payments only in U.S. dollar denominations.

  1. If you are enrolled in weekly payments by check, Psychics.com will deduct and retain a fee of Two ($ 2.00) Dollars for each check issued to you. If fees that are due to you for any week are less than Fifty ($ 50.00) dollars,  Psychics.com will hold the payment until the amount due to the Advisor at the end of any week is at least Fifty ($ 50.00) dollars. Psychics.com will send fees by check mailed to the address you specify via the U.S. Postal Service weekly on Wednesday, to arrive to You within 3 to 5 business days.  Any check that is requested to be cancelled by the advisor and repaid by Psychics.com will incur a $25.00 check cancellation fee to be charged to the advisor balance prior to the account being paid again.
  2. ACH is currently unavailable.  If your account is set to receive ACH payments, you can either change your payout option to check, or your balance earnings will continue to accumulate until said time that the ACH is made available again. You may register to receive fees by direct deposit via ACH if you have a registered U.S. bank account that is eligible for ACH transfers and otherwise meet the direct deposit requirements. If you are enrolled in direct deposit and are eligible to receive funds weekly by ACH,  Psychics.com will send fees weekly through ACH to your U.S.-based bank account.  Psychics.com reserves the right to terminate a User account’s ability to receive funds daily by ACH at any time without reason or notice. If fees that are due to you for any week are less than Twenty-Five ($ 25.00) dollars,  Psychics.com will hold the payment until the amount due to the Advisor at the end of any week is at least Twenty-Five ($ 25.00) dollars.  Any ACH that is returned due to incorrect bank or routing information will incur a $2.50 fee to be charged to the advisor account prior to the account being paid out to updated banking information.
  3. You can select to receive your payouts through third party payout vendors, currently, Paxum is available as a third party payout vendor.  Psychics.com is not responsible for any fees you may incur while using the third party payout vendors.
  4. You are solely responsible for (i) all hardware, software and other costs incurred in using the Site, and (ii) determining, collecting, reporting and paying any applicable state and federal sales, income or other taxes.  Psychics.com may withhold taxes from amounts issued to Advisors as required by law.
  5. Psychics.com reserves the right in its sole discretion to institute a chargeback policy as Psychics.com deems appropriate.  Psychics.com reserves the right to withhold issuing payment for your fees without notice on any transaction which in our sole discretion suggests that the User or User’s bank may not fulfill his or her payment obligation.  Psychics.com reserves the right to hold funds beyond the normal distribution periods for transactions it deems suspicious to ensure integrity of the funds.
  6. Psychics.com reserves the right to close a User account at any time without reason, including, but not limited to, a violation of this Payment Policy, upon notice to the Advisor and payment to the Advisor of any unrestricted funds held in custody.
  7. Psychics.com reserves the right to not pay any closed account funds that have been received to an advisor’s account that total less than $20.  $20 is the absolute minimum that will be paid out on any account via any payout method.
  8. Psychics.com reserves the right to withhold payments from any Advisor account that does not provide accurate Payee Name and matching Social Security Number or Tax ID information within the My Account page.  Payee Name and Social Security or Tax ID number are compared to the IRS Name Database to verify valid information as been provided.
  9. Psychics.com reserves the right to restrict payments from a User account for any of the following reasons. If your User account is identified for review, you will be notified by email and requested to provide information relevant to your User account.  Psychics.com will use reasonable efforts to promptly investigate the matter and/or reach a final decision on the restriction. If the investigation result is in your favor, Psychics.com will unrestrict your User account. If the investigation result is not in your favor, Psychics.com may return funds to the User and unrestrict the remainder of your User account, will continue the restriction for up to 60 days as to funds necessary to protect Psychics.com against the risk of chargebacks, or may close your User account by giving you notice and mailing a check for any funds in your User account that are not in dispute to the address that you have provided. If you are later determined to be entitled to any disputed funds, Psychics.com will make an additional payment of those funds to you. Reasons may include, but are not limited to, the following:
  • Reports of unauthorized or unusual credit card use associated with the User account including, but not limited to, notice by the card issuing bank
  • Reports of unauthorized or unusual bank account use associated with the User account
  • Receipt of potentially fraudulent funds
  • Excessive disputes or chargebacks
  • Refusal to cooperate in an investigation or provide confirmation of identity when requested
  • Sending unsolicited email or posting referral links on websites where they are not permitted
  • Opening multiple User accounts under different names to facilitate fraudulent activity
  • Suspected violations of the User Agreement
  • Name on the bank account associated with the User account does not match the name on the User account
  • Return of an incoming Electronic Funds Transfer for insufficient funds in the bank account, incorrect bank routing number or incorrect bank account number
  • Use of an anonymizing proxy
  • Any other circumstances which cause  Psychics.com to believe that a User account may be being used for fraudulent purposes