Effective Date: April 01, 2017
This Fee Agreement (this “Agreement”) provides information on the fees Translance.net charge for use of the Site’s communication, invoicing, dispute resolution and payment services, including Payment Protection, and includes eligible Users’ authorization for debits and credits from and to their designated bank accounts via the automated clearing house network (“ACH”). This Agreement is part of the Terms of Service.
By continuing to use the Site or the Site Services on or after the Effective Date, you accept and agree to this Agreement. To the extent permitted by applicable law and except as otherwise provided in the Terms of Service, we may modify this Agreement without prior notice to you, and any revisions to this Agreement will take effect when posted on the Site unless otherwise stated. Please check the Site often for updates.
1. Service Fees Charged to Freelancers
Pursuant to the User Agreement, Translance.net charges Freelancers a Service Fee for each Engagement. Depending on the nature of the Engagement, the Service Fees will be charged either as straight or tiered pricing, Where applicable, Translance.net may also collect taxes (such as value added tax (VAT) in Europe) on Service Fees.
We will charge you a Service Fee of 10 % of the Freelancer Fees.
Note: Examples in this Agreement are provided for illustrative purposes only and are not binding. Because of rounding, the Service Fees charged may differ slightly.
2. Service Fees Charged to clients
We will charge Clients a payment processing and administration fee of 5 % of the total amount of each payment made for the Site Services.
-If payments made by a Client are released to the Client Escrow Account for any reason or refunded by a Freelancer, the Payment Processing Fee, if applicable, will not be refunded.