PAYMENT TERMS

Last updated: May 30, 2024

All capitalized terms herein shall have the meaning set forth in the Terms of Service unless otherwise specified herein.

1. GENERAL TERMS

1.1. Company will collect Creator Fees from Users and remit them to the Creators after deduction of the amount of Agency Fee (as set forth below in Table 1). The Company will make an effort to process such remittances on a daily basis but cannot guarantee this. The Creator shall select a currency and a payment method from the available options on the HIPOLINK Platform, which will subsequently serve as the default currency (“Default Currency”) and the default payment method (“Default Payment Method”) to receive Creator Fees. When Creator selects the payment method, he/she must provide the Company with the valid information requested on the HIPOLINK Platform or requested by Company. The Creator Fees received in a currency other than the Default Currency will be converted, displayed and paid to the Creator in the Default Currency using the exchange rate of the Central Bank of the Russian Federation (“CBR Exchange Rate”) after deduction of up to four (4) percent of the CBR Exchange Rate (depending on the payment method chosen by the User) on the day of their receipt by the Company.

1.2. If the Creator chooses a payment method that does not allow for receiving the full amount of Creator Fees due to restrictions set by the applicable payment provider, then the Creator shall select an alternative payment method, if possible on the HIPOLINK Platform, or the Company shall be entitled to remit the Creator Fees due to be paid to Creator on a daily basis until the full amount of Creator Fees will be paid. If the Creator chooses a payment method that does not allow for receiving Creator Fees in the Default Currency due to restrictions set by the applicable payment provider, then the Creator Fees will be remitted in the allowed currency using the CBR Exchange Rate after deduction of up to four (4) percent of the CBR Exchange Rate (http://www.cbr.ru/eng) (depending on the payment method chosen by the User) set on the day of the remittance of the Creator Fees by the Company.

1.3. It is not possible to refund Creator Fees after they were sent to a Creator, except in cases expressly stated in accordance with current legislation and the Terms of Service. The User has a right to complain about the transfer of Creator Fees, and the Company reserves the right to automatically refuse the User's complaint if such complaint has been filed after the expiry of 14 calendar days during which the payment was made. Otherwise, the Company reserves the right to follow clause 1.4 of these Payment terms.

1.4. The Company may delay for a necessary term (but in no case more than 90 days) and/or cancel any collection of Creator Fees from the User and/or the following payment to Creator for purposes of preventing unlawful activity or fraud, risk assessment, security, or investigation. In case if the Creator Fee exceeds the maximum amount stated in the Terms of Service, the Company will delay the payment of such Creator Fee to Creator for the minimum term of five (5) business days for the purposes stated above. In case the Company is informed of suspicious, unlawful or fraudulent activities of a Creator after the payment of Creator Fees to a Creator, the Company reserves the right to deduct the amounts equal to the Creator Fees, connected with such activities of a Creator, from future remittances to a Creator.

1.5. The Company may deduct or withhold any taxes that the Company may be legally obligated to deduct or withhold from any amounts payable to the Creator under the Agency Agreement. From time to time, the Company may request tax information from the Creator and the Creator shall provide this to the Company.

1.6. Starting from the first calendar day following the day the Creator is assigned the Inactive Creator Status, the fee for maintaining the Account on the HIPOLINK Platform shall be ten (10) Roubles 00 kopecks for one (1) calendar day. In case the Default Currency is other than Roubles, the fee shall be thirteen cents (13/100) if the Default Currency is Euro and fifteen (15/100) cents if the Default Currency is US dollars.

1.7. "Inactive Creator Status" is the status assigned by the Company to the Creator in case at least one of the following occurs: (1) the Creator has not used his/her Account for more than three calendar months; (2) the Creator has not chosen the payment method that will be used by the Company by default to on-pay Creator Fees to the Creator; (3) the Creator violated the Terms of Service; or (4) the Agreement between the Company and the Creator was terminated.

1.8. In case the Company has assigned the Inactive Creator Status to a Creator, the Agreement with such a Creator is automatically terminated, the amount of Creator Fees to be paid to the Creator is zero, and the Creator waives any claims that may be to the Company with respect to payment of Creator Fees.

2. HIPOLINK AGENCY FEE

2.1. The amount of Agency Fee shall be calculated depending on the payment method that was used by the User to remit the Creator Fee and the sum of the Creator Fee in accordance with Table 1:

Table 1

Payment MethodAgency Fee for Users registered on the HIPOLINK Platform as Authors
Сredit cards10%
PayPal

2.2. The Creator can choose the following available payment methods to receive Creator Fees in accordance with these Payment Terms, provided that the Company’s obligation to remit Creator Fees shall be considered performed at the moment of crediting of the funds to the payment service account of the Creator. The Creator is charged a commission for remittance of Creator Fee as set forth in the Table 2 below.

Table 2

Payment MethodCommission from the amount of the Creator Fee
Credit cards (beta)*1,4%, but no less than 0,5$ + 0,5%
Credit cards (USD, EUR)**1 USD/EUR
Credit cards of Ukraine (RUB)***1 USD
PayPal2,5%
YooMoney (ЮMoney)3,1%
VK Pay0%

2.3. *Limitations for Credit cards (beta):

2.3.1. Remittance to credit cards. The sum of a one-time remittance to a credit card can be no less than 50 euro cents and no more than 500 euros. The maximum cumulative number of remittances to a credit card per month is 50. The maximum cumulative amount of Creator Fee remitted per month is 2500 euros.

**Limitations for Credit cards (USD/EUR). The amount of Creator Fee will be converted to USD/EUR while remitted. Conversion rate will be determined by corresponding payment service. The amount for a one-time remittance to a Visa credit card can be no less than 50 euro cents and no more than 500 euros.

2.3.2. Remittance to Visa credit cards.

2.3.2.1. The maximum cumulative amount of Creator Fee remitted per day is 5 000 USD/EUR and maximum cumulative number of remittances per day is 30.

2.3.2.2. The maximum cumulative amount of Creator Fee remitted per week is 10 000 USD/EUR and maximum cumulative number of remittances per week is 50.

2.3.2.3. The maximum cumulative amount of Creator Fee remitted per month is 20 000 USD/EUR and maximum cumulative number of remittances per month is 150.

2.3.3. Remittance to MasterCard credit cards.

2.3.3.1. The maximum cumulative amount of Creator Fee remitted per month is 5000 USD/EUR.

***Limitations for Credit cards of Ukraine (RUB). The amount of Creator Fee will be converted to USD while remitted. Conversion rate will be determined by corresponding payment service. The amount for a one-time remittance to credit card can be no less than 800 Roubles and no more than 13500 Roubles.

2.3.4. Remittance to Visa credit cards.

2.3.4.1. The maximum cumulative amount of Creator Fee remitted per day is 5000 USD and maximum cumulative number of remittances per day is 30.

2.3.4.2. The maximum cumulative amount of Creator Fee remitted per week is 10 000 USD and maximum cumulative number of remittances per week is 50.

2.3.4.3. The maximum cumulative amount of Creator Fee remitted per month is 20 000 USD and maximum cumulative number of remittances per month is 150.

2.3.5. Remittance to MasterCard credit cards.

2.3.5.1. The maximum cumulative amount of Creator Fee remitted per month is 5000 USD.

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