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Payments
Passionfroot helps you get paid at the click of a button.
- Head to Payments, select the collaboration and choose Request Payment.
- Partners will receive an email with the payment link and the summary of their order and they can choose between credit card payment and ACH bank transfer.
- The payment link opens a payment page (see screenshot). Partners can add their invoice details directly onto the invoice, pay and download the invoice afterwards.
Send a proposal together with a payment link
In case you’re sending a proposal to a partner, you can streamline the process by sending the payment link together. Choose Auto when sending a proposal. Once a partner accepts the proposal, they’ll automatically receive the payment link to pay.
Bank Transfers
For select creators we’re rolling out our exclusive Passionfroot Bank Transfers™️. In partnership with some of the top banks and payment infra providers in the world we’ve built the cheapest global payments solution in the Creator Economy where you as a Pro user enjoy only 1% payment fees.
How it works
Bank transfers are initiated in the same payment flow you already enjoy.
1. Request payment Simply request payment and sponsors will see an option to pay via Bank Transfer at checkout. We offer them a small discount (that we cover for you) to pay via bank transfer to minimize your payment fees 😊
2. Sponsor pays Once the sponsor clicks on the bank transfer option they’ll get bank details for the transfer and be able to download an invoice for procurement (if needed). They can then initiate the transfer and mark the invoice as paid.
3. Track & receive payment Our payment status indicators in your Payments tab will indicate the status of the payment depending on where the funds are.
How to get started
If you’re interested or have been selected for our Bank Transfer beta ping us in our support chat and provide your bank details where you wish to receive payouts and we’ll take it from there!
Invoices & Accounting
Passionfroot automatically generates all the invoices you’ll need for doing business and accounting. The invoices you need will differ if the sponsor pays via Stripe or via our Bank Transfer Flow as it determines who is Merchant of Record.
Payment Method | Merchant of Record (MoR) |
Stripe | Creator is MoR. Passionfroot is only the Payment Settlement Entity (PSE) |
Passionfroot
Bank Transfer | Passionfroot is reseller MoR to sponsor.
Creator is MoR to Passionfroot. |
Stripe Invoices
If your sponsor pays via Stripe you are the Merchant of Record, Passionfroot is not in the flow of funds, and the Stripe Platform extracts our fee and pays it to us. Hence you will find two invoices in your payments page:
- Invoice for Sponsor: This is the invoice that is shared with the sponsor, and that you can use for your accounting.
- Platform Fee Credit Note: This is a credit note for the fee Stripe/we extract from you that you can use in your accounting to account for the fact that the sponsor invoice contains the fee amount on it.
Bank Transfer Invoices
If your sponsor pays via Passionfroot Bank Transfer, Passionfroot is a reseller of your sponsorship and acts as the merchant of record vis-a-vis the sponsor. Then you are selling your services to Passionfroot, in which you are Merchant of Record vis-a-vis Passionfroot. Hence you will find two invoices in your payments page:
- Invoice for Sponsor: The invoice between Passionfroot and the sponsor featuring the full amount of the collaboration. This is not needed for your accounting, but we share it in case you should ever need to share it with a sponsor manually.
- Seller payout invoice: The invoice between you and Passionfroot for your payout net fees. For example, if you sold an ad for $100 dollars and we charge a 15% sourcing fee, your payout invoice will show $85 as the payout amount.
External Payment links
If you choose to share an external payment link instead of using our platform's payment system, you'll receive a friendly reminder. This reminder simply highlights some of the benefits you might miss out on, like payment protection, automated invoicing, and dedicated support.