As customer bookings are processed through Black Passport Stamps, vendors will accrue funds that are owed to them (i.e., ‘sales proceeds’). Vendors have the ability to withdraw these funds, minus the referral fee and taxes, at a minimum of 7 days after the booking has been created. Once a request for withdrawal is created, it will take up to 7 days, after approval, for the funds to be transferred to the vendor’s account. Below, we discuss how to withdraw sales proceeds.
Black Passport Stamps requires a reserve period and a withdraw threshold to manage financial liability created from transaction disputes from your customers, including chargebacks.