You expressly agree and acknowledge that the terms and conditions contained in this Accounting Policy are incorporated within the Breadwave Client Contract and you expressly acknowledge that you have read this Accounting Policy and agree to comply with and be bound by all of its terms and conditions as a requirement of creating and maintaining an account with Breadwave. If at any time you do not agree with any part of this Accounting Policy, you agree that your sole remedy is to cease any further use of the Breadwave Services and terminate your account, in which case You agree that any activity that transpired prior to the date of such termination shall be governed in full by this Accounting Policy.

Payment Method and Payment Frequency
Breadwave offers payment through secure payment platforms for clients to receive their funds. Pay period end times and payment send dates are dependent upon your selected Payment Frequency. For accounts receiving payments weekly, pay periods end at 12:00:00 a.m. Mountain time every Wednesday. For accounts receiving payments once every two weeks, pay periods end at 12:00:00 a.m. Mountain time every other Wednesday. Changes to your selected Payment Frequency will go into effect in accordance with the Payment Change Deadline.

Changing your Payment Frequency from once per week to once every two weeks (or vice-versa) may result in overlap between pay periods and the amount settled. Due to the overlap the first pay period on your new schedule could be longer or shorter than standard. In the case of overlap, Breadwave always settles your open sales since your last pay period ended.

Payment Distribution
Payments are distributed to clients two days after period-end.

Payment Change Deadlines
All changes to payment details, including address or payee changes, and changes between payment methods, must be made prior to the payment period end date.

Payment Threshold
The “Payment Threshold” is a predetermined minimum amount of money you must have in your account before we generate a payment or you request a payout. You may select an amount from $50 to $1,000,000 as your Payment Threshold amount. The default setting is $100. Wires must be in an amount of at least $50. A $2.50 processing charge is assessed against each payment we issue.

Retail & Wholesale Pricing
Products sold through Breadwave have a retail and wholesale price. Sellers recommend a suggested retail price for their products (within limits defined by Breadwave) during product creation. Breadwave also defines the maximum price for a product when a seller submits the product for approval. Once Breadwave reviews the suggested retail price from the seller, the final retail price is set.

At the time of purchase by a customer, Breadwave purchases the product from the applicable seller at a wholesale price, which can vary by product type, price, and currency, and resells the product to the customer.

The wholesale price Breadwave pays the seller for standard products, and initial payments for recurring subscriptions is typically 90% of the suggested retail, less 10% (All subject to the guidelines on the Pricing page).

If an Affiliate generated the sale, the wholesale price is automatically split between the seller and affiliate according to the commission percentage set by the seller. Amounts are credited to the seller and affiliate at the time of sale.

Currencies
Breadwave supports currencies from over 50 nations. Payment is powered and processed through Stripe, Squad, Paystack and Paypal.

Sales Tax
As the retailer of record, Breadwave is responsible for collecting and remitting tax on sales to end customers. These taxes are assessed based on the location of the end customer and the laws of the jurisdiction in which they reside.

VAT Tax
Breadwave collects Value Added Tax (VAT) across various jurisdictions in accordance with the respective tax laws governing those regions.

Refunds
Breadwave has no obligation to provide refunds or credits, but may grant them in circumstances where the Seller has committed fraud, or to correct any errors made by Breadwave or a Seller, or where the Product violates this Terms of Service, in each case in Breadwave’s sole discretion, or at the direction of a Seller in accordance with Seller’s refund policy published through the Platform.

It is the Buyer’s sole responsibility to appropriately handle, remove or destroy any Digital Product or Physical Product that may cause Buyer to: (i) incur additional liability, including, but not limited to, criminal and/or civil liability; or (ii) experience additional adverse effects, including, but not limited to, potential privacy, security, or technical vulnerabilities.

Upon the approval of a refund, the full amount of the authorized refund will be offset against funds pending settlement to Seller, including in connection with future sale proceeds. To the extent applicable, Breadwave will process the refund payment to Buyer on Seller’s behalf. Please note that if you as a Buyer request a refund and also pursue a dispute resolution process for the same transaction with your payment method provider for the applicable purchase, we will decline your refund request. This will not affect the dispute resolution process with your payment method provider. You agree not to submit a refund request for any Product if you have already chosen to pursue a dispute resolution process with your payment method provider.

Charged Back Sales
A purchase is “charged back” when a customer disputes a charge through their bank or credit provider, usually because the customer claims that the purchase was unfunded, unauthorized or fraudulent. Chargebacks cost Breadwave money and harm its valuable reputation as a reliable Internet retailer. When a seller is the subject of a chargeback, the seller is assessed a fee based on the chargeback rate of the seller account. The chargeback fee assessed to the seller is $20 (twenty dollars) or or the equivalent amount in your country’s currency.

Breadwave may, in its sole discretion, dispute chargebacks by re-presenting the sale to the relevant card brand or payment provider. A successful representation that results in the reversal of a chargeback does not constitute a sale for purposes of this Accounting Policy or the Breadwave Client Contract. Breadwave reserves the right to keep the full amount recovered from any successfully re-presented transaction (in addition to any chargeback fee assessed pursuant to this section) and has no obligation to pay any amount to any seller or affiliate relating to the original sale or the successful representation.

As a seller, you can take a number of easy steps to prevent Returned and Charged Back Sales:

Make it very easy for customers to contact you for technical support. Prominently display your email address on the page so that they can write it down. If you have a business phone number, provide them with that too. Of course, you should respond to customers in a timely fashion and take every possible step to resolve any concerns and save the sale. Add your customer service email address and customer service phone number (if you have one) within your Breadwave account, as well, so that Breadwave can refer customers back to you if they contact us directly. Let customers know that Breadwave will be happy to help them if there is any problem with their purchase.

Return Allowance
Breadwave withholds a fraction of the revenue earned during each pay period, which is released back to your account after 12 weeks (about 84 days). These funds are used to manage quality issues that may arise with Products you publish or promote, including delayed refunds or charged back sales. The standard return allowance is 10%. Breadwave may adjust your return allowance at any time to better account for future returns based on account history.

Determination of Affiliate
The Affiliate (if any) associated with any Breadwave sale is determined by an automated customer tracking system. Any decision made by this system is final and not subject to petition or appeal. Though we believe our tracking system to be more fair and accurate than any alternative, we make no representation regarding the ability of the system to track any specific customer, for any specific length of time.

Account Closure
You may close your account at any time. Any closing balance under $100 will be forfeited.

Customer Distribution Requirement
Breadwave will withhold payment of any balance until an account shows a minimum of 5 sales that meet Breadwave’s internal criteria to demonstrate legitimate purchases.

This requirement is in place to help prevent Affiliates from abusing the Breadwave Affiliate program by using their accounts for the sole purpose of fraudulently collecting rebates and/or discounts on their own purchases. Breadwave’s internal criteria are determined in its sole discretion and will be revised and updated as needed.

Once you have met the Customer Distribution Requirement, your account will begin issuing payments normally, in accordance with our Accounting Policy, beginning on the next payment issuing date. If Breadwave identifies any conduct by an Affiliate demonstrating refund abuse or conduct like that referenced in this policy, Breadwave reserves the right to suspend or cancel the Affiliate account in question.

Dormant Accounts
Accounts with a positive balance but no earnings for an extended period of time are considered dormant. Dormant accounts are subject to a charge of $1 per pay period after 90 days of no earnings, $5 per pay period after 180 days of no earnings, and $50 per pay period after 365 days of no earnings. It is your responsibility to manage your account to prevent dormant fees. Breadwave will not notify you when your account is dormant.