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1. PAYMENT PROCESSING FEES: Credit card processing fees apply, please check with your Visional account representative for your store's rates. Once a transaction has processed and the product is shipped or sent for delivery we will deposit the complete sum of the transaction minus the above mentioned fees in the bank account you have identified. For "approved" accounts this process should take no more than 3 business days.
Note: we may hold the funds for new sellers until shipping and delivery are confirmed. We will discuss this with you at the time of signing up your seller account.
2. TIME TO DEPOSIT: It typically takes 2-3 business days to have the funds deposited into your account - after the shipping/delivery confirmation is received. NOTE: the funds deposited into your account will be the total transaction minus the fees as stated above in item #1.
3. SALES TAX: Store owners are responsible to apply the correct sales tax to their store's transactions. You can provide this rate in the Tax Rate field below and we will use it to calculate sales tax on all you transactions. You are responsible for filing all local, state and federal tax reports according to where you are conducting business. Visional Commerce does only collects the taxes based on the information you provide and transfer the funds to your account and does not hold any responsibility whatsoever in regards to establishing the correct tax rate or reporting. Some of our users are individuals such as Craigslist or Paypal users where they do not charge sales tax based on their individual needs so please select the rate according to your specific requirements.
4. STORE VALIDATION: We validate each individual store through our processor before enabling transactions. You will receive an email after completing the Transaction Processing form informing you of the status of your validation. This process typically should not take more than 48 business hours, please contact us with any questions.