FEES AND PAYMENT AGREEMENT (INFLUENCER): QUIKTOK, INC.
Last updated August 6, 2020
FINAL VALUE FEE: OVERVIEW
We charge a final value fee when you sell a QuikTok Video promotion.
This fee is calculated as a percentage of the total amount of the sale. The total amount of the sale is the amount the buyer pays. Sales tax is not included in the calculation.
You will be paid upon completion and uploading of the QuikTok Video promotion on social media platform, TikTok™.
FINAL VALUE FEE:
In the table below, you'll find the fee taken by QuikTok, Inc. from each completed order.
Final value fee**
Standard fee for all music promotions
Standard fee for all brand deals (product, company, and brand promotions)
Talent User Total Followers
Final value fee**
0 - 49,999
50,000 - 99,999
100,000 - 299,999
300,000 - 499,999
500,000 - 999,999
1,000,000 - 2,499,999
2,500,000 - 4,999,999
5,000,000 - 9,999,999
**The selling price is the final sale price of the item. The final value fee is charged on the total amount of the sale.
SELLING SERVICE OUTSIDE OF QUIKTOK,INC.
If you offer or reference your contact information or ask a buyer for their contact information we reserve the right to terminate and ban you from our Site.
“Make an Offer” listing format: The total amount of the sale is the price identified between the buyer and seller. As a seller you have the ability to accept offers (often a price point below your fixed price). The same standard fee will be applied to the sale.
Fixed Price listing format: The total amount of the sale is the fixed price you listed on your page.
TALENT USERS NOT MEETING PERFORMANCE EXPECTATIONS
Additional final value fees or the termination and ban from our Site may apply on a sale under the following circumstance:
A Talent User has accepted the request but does not communicate with the buyer (strictly through the QuikTok message portal) or upload the QuikTok Video within the seven day window of accepting the request.
SELLER’S MANAGED PAYMENTS FEES3>
We charge two types of fees for managing payments through our site:
1. A payment processing fee when payment is processed for a transaction.
2. A payment dispute fee when a chargeback or other dispute for a managed payments transaction is adversely resolved against you (referred to as “Disputes”).
PAYMENT PROCESSING FEE
Your payments processing fees are calculated as 2.9% + 30¢ of the total sale amount.
PAYMENT DISPUTE FEE
Upon the conclusion of a Dispute investigation that results in you being found responsible for the chargeback (or other disputed amount), We charge a $20 payments dispute fee, excluding any applicable sales tax, for each Dispute. If you believe that you have been charged with an error you are able to appeal the payments dispute fee within 30 days from when we invoice the payments dispute fee.
PAYMENT CONDITIONS/ ONBOARDING
Link a US-based checking account, denominated in US Dollars, to your QuikTok account. Settlements of proceeds from your transactions with managed payments will be deposited directly to this linked bank account. Notwithstanding any other terms about settlement methods on the QuikTok, Inc. Terms of Service.
Provide us certain information for the purpose of verifying your identity.
Maintain accuracy of the information we have on file. We suggest updating your information periodically. Consent to our updating such stored information provided by you, your bank, and other payment service providers. You are allowed to only share the information of accounts you are authorized to use.
Comply with all applicable laws, regulations, rules and terms and conditions in connection with the use of the QuikTok, Inc. Services. Hereby you acknowledge and understand that several third parties, such as credit and debit card issuers and payments services providers, have their own terms and conditions for the payment or settlement methods you choose to use in connection with payments that QuikTok, Inc. manages. Failure to abide by third party terms and conditions may result in fees assessed to you or other actions taken by such third parties, and you hereby agree that we have no control over, or responsibility or liability for, such fees or actions.