An organizer can use Cooltix’s payment provider to manage and process purchases or set up their own payment service. By default, the Cooltix payment service provider will be set up.

This guide describes the accounting in the case where the organizer chooses to use Cooltix's payment service provider.

The consideration for the purchases will be credited to Cooltix's technical account after a successful purchase, where they will be held as extraneous revenue until they are transferred to the organizer.

When the incomes are paid out, the total amount of the purchases will be paid out, decreased with the Cooltix fee.

We will issue an invoice for our fee, which does not require financial settlement, as this amount has no longer been transferred to the organizer.