Thank you for choosing UChefs as your platform to share your culinary expertise and offer exclusive recipe content to subscribers. Below are the payment details outlining how earnings are processed for creators (chefs and cooks) on our website:
1. Revenue Split:
UChefs takes a 15% split of the subscription fees.
Creators retain 85% of the earnings from their subscriptions.
2. Payment Processing Timeline:
First Subscription Purchase: When a subscriber purchases their first subscription from a creator, the funds will be held for a period of 7 calendar days before being released to the creator's wallet on UChefs website. This initial holding period is for verification and security purposes.
Subsequent Subscription Purchases: After the initial holding period, all subsequent transactions will take 3 business days to arrive in the creator's wallet on UChefs website.
3. Payment Schedule:
Payments are processed on a regular basis according to the payment schedule outlined above.
Creators can view their earnings and payment history through their UChefs account in the settings page.
4. Payment Methods:
Earnings are deposited into the creator's wallet on UChefs website.
Creators can choose to withdraw their earnings to their preferred payment method, including bank transfer or other supported payment processors.
5. Tax Obligations:
Creators are responsible for any taxes or fees associated with their earnings on UChefs platform.
UChefs will provide necessary documentation for tax reporting purposes as required by law.
6. Dispute Resolution:
In the event of any payment-related disputes or discrepancies, creators can reach out to UChefs customer support for assistance.
7. Updates to Payment Details:
UChefs reserves the right to update or modify these payment details at any time. Creators will be notified of any changes through their UChefs account or via email.
8. Contact Information:
If you have any questions or concerns regarding payments or earnings on UChefs platform, please contact our support team at email@example.com
By offering your exclusive recipe content on UChefs platform, you agree to abide by these payment details and terms. Thank you for being a part of our culinary community!