An organizer can use Cooltix’s payment provider to manage and process purchases or set up their third-party 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 their third-party payment service provider.

The consideration for the purchases will be sent directly to the account provided by the organizer's payment service provider after the successful purchase, from which the organizer can initiate the transfer to a bank account specified by the organizer.

During the allocation of revenues, the total value of the purchases, including the handling costs, is allocated. The earnings will be displayed in the payment service provider's account with the data provided by the customers.

We will issue an invoice for our fee on a monthly basis, which must be paid by the Organizer with an 8-day payment deadline.