Getting Paid and Payments - Automatic (Touchless) Merchants
Bolt is the merchant of record for all sales done on Checkout Everywhere and acts as a retailer for the connected merchant products. Therefore, Bolt manages payouts to merchants and publishers for sold products. Bolt only charges the merchant for the agreed commission per sale.
As an Automatic (Touchless) merchant, you receive the payment for each order at the full sales price immediately when the order is paced at your end. Bolt will send you an invoice to charge back the commission and any existing campaign discount once a month.
Time of Getting Paid
Automatic merchants are paid immediately for each order and the invoice from Bolt is usually sent on the end of each month.
In cases where you have already received the payment for a product that has been returned, we will deduct the amount on your next payout.
What are Shipped Sales?
Shipped sales are orders where the order items are set to “shipped” status, and thus ready for settlement, when an order item has been shipped and our grace period 21 days has passed.
Currency and VAT
You will always be paid in the currency of the market you sold to. For example, if you sell in the UK, you will get paid/invoiced in Pound Sterling (£).
Bolt acts as a merchant of record and is registered in the United Kingdom. If you are a UK merchant, you will get paid, including your local VAT. If you are a merchant located elsewhere in the world, you will get paid excluding VAT.