GiveProfit Accounting Policy:
Payments on advertising revenue or payments made to charity are as follows: Periods end at 12:00:01 am Eastern time on the 20th of each month. For security reasons, payment is made by check only. Checks are mailed within 15 days after the end of the pay period.
Payment
Payment is a predetermined minimum amount of money you must have in your account before we cut you a check. The minimum amount is $100. We hold your check until your payable balance reaches this amount. A $2.00 accounting charge is deducted from each check we issue.
Completed Sales
GiveProfit.com does not purchase product from Business Partners. Amounts are credited to the Designated Charity within 15 days of receipt of payment from the Business Partner involved in the transaction.
Returned Sales
As part of our commitment to quality customer service, GiveProfit.com will monitor disputed returns to our Business Partners.
Revoked Sales
A purchase is revoked if the customer's bank later claims the purchase was unfunded or fraudulent. Revoked sales are handled per the policies of the Business Partner involved in said transaction. If the Business Partner’s products generate in excess of 1% charge backs in any 90-day period they may be subject to delisting. GiveProfit.com reserves the right to delist any Business Partner at any time.
These practices can help prevent revoked sales:
- Remind the customer that your name will not appear on their credit card statement. Instead they will see the name of the product retailer or their payment service.
- Business Partners are encouraged to make it very easy for the customer to contact them for technical support. Visible display of your email address on the page so that they can write it down is recommended. If you have a business phone number, provide them with that too.
- Let the customer know that product is backed by a strong 30 day moneyback guarantee of quality customer service and that GiveProfit.com will be happy to help them if there is any problem with their purchase.
Postal Delays & Reissued Checks
No national postal service is 100% reliable. If your check is significantly delayed you may request that we send you a new check. To issue a new check we have to pay a service fee to the bank network to recall (void) the first check. A $20 cancellation charge applies. New checks will only be issued on days when regular checks are cut (once monthly). GiveProfit.com must receive the reissue request by the 10th of the month in order for the check to be processed with the payment for the pay period ending the 20th. There are no exceptions to these deadlines. To request that a check be reissued, please contact us.
Stale Checks
GiveProfit.com checks are VOID after 90 days from the date of issue. Please present your checks to your financial institution promptly. If you present a check after the 90 days your bank may refuse the check. We can issue a new check if the stale check is returned to us and in our possession. Please write "VOID" across the check and send it to the following address:
GiveProfit.com LLC
275 Wilbraham Road
Hampden, MA 01036
After we receive the check a new one will be issued on the next payout date.
Stolen Checks
In some countries mail theft is not uncommon. If a check is fraudulently endorsed (deposited by someone other than you) you will need to open a fraud case with our bank. If the bank determines that fraud did occur they will reimburse us the funds. We will then issue a replacement check. GiveProfit.com cannot reissue a check prior to the funds being returned to us or prior to the completion of the investigation by the bank. To receive information on how to open a fraud case with our bank please contact us.
Account Closure
You may close your account at any time. Any closing balance under $10 will be forfeited. To close your account please contact us.
Account transfer
At your request we can change the payee associated with your account. To initiate this process we need a signed authorization statement from the current payee sent to us via certified mail. A $50 account transfer fee applies.
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 $1 charge per pay period after 90 days of inactivity. A $10 per pay period charge applies after 365 days.
Taxpayer ID Number Requirement for US Based Broker Partners Earning Over $600
GiveProfit.com highly encourages US based Broker Partners earning over $600 a year to obtain an IRS issued Employer Identification Number (EIN) to input into your account as a taxpayer ID number. If you do not have one already, you may click HERE to get yours at the IRS web site. Note that this is a free process. The IRS will either provide your number online, or mail it to you. Once you have obtained your EIN please be sure to key it in to your GiveProfit.com account, in this 9-digit format: 12-3456789. This helps to simplify the year-end 1099 reporting requirement. In any event, US based Broker Partner accounts earning over $600 are required to have a taxpayer ID number of some kind linked to their account, at a minimum a social security number. If inputting a social security number, be sure to use the proper 9-digit format including dashes: 123-45-6789.
Note: The taxpayer ID number input to your account must match the payee name on the account. If you are utilizing a business payee name but reporting under an individual social security number, you will need to fax a completed IRS W-9 form to us at 413-596-4510. Be sure to include a cover sheet that indicates your account name.
Second note: If you are utilizing a US address but are a beneficial resident of a foreign country, you will instead need to fax a completed IRS W-8ben form to us at 413-596-4510. Be sure to include a cover sheet that indicates your account name.
Legal Limitations
This document is not a warranty. For more detail please consult the GiveProfit.com Partner Contract