This guide provides essential information on how payouts work for shop owners on Temzli and how to handle taxes for your products. Unlike some platforms, Temzli does not handle taxes on behalf of shop owners, so it is important that you set this up correctly in your product listings.
How to Request a Payout #
When to Request a Payout #
You can request a payout anytime between the 1st and last day of each month.
All payout requests must be made by 11:59 PM (local time) on the last day of the month.
Payout Processing Time #
Payouts are processed during the first five business days of the following month.
Depending on your payout method, funds typically arrive by the 10th of the month.
Options for Requesting Payouts #
- Request Full Monthly Earnings: You can request the entire month’s earnings or a specific amount.
- Auto Payment: Enable Auto Payment to have your earnings automatically transferred at the end of each month.
Payout Methods #
Here’s a breakdown of the available payout methods on Temzli, including key details about processing times, fees, and availability:
| Payout Method | Processing Time | Fees | Currency | Availability |
|---|---|---|---|---|
| Stripe | 1-2 business days | Free (in most countries) | USD or Local Currency | Available in most countries (US, UK, Europe, etc.) |
| PayPal | 1-2 business days | US: Free Non-US: 1% fee (max $10) 2.5% FX fee for currency conversion | USD or Local Currency | Available globally, except in PayPal Non-Receivable countries |
| Bank Transfer | 3-5 business days | US: $5 Non-US: $7 Additional intermediary bank fees may apply | USD or Local Currency | Available globally, but subject to local bank restrictions |
How to Add Taxes to Your Products on Temzli #
Since Temzli does not automatically calculate or collect taxes on your behalf, it is your responsibility as a shop owner to include applicable taxes in your product pricing. Here’s how you can add taxes to your products:
1. Set Up Taxes in Your Products #
When listing a product, you can select the applicable tax rate for your location and customers.
- Standard Rate: Apply this rate to most products.
- Reduced Rate: Use for specific products where a lower tax rate applies.
- Zero Rate: For tax-exempt products.
If you sell globally, you may need to include taxes based on the destination country of the buyer. Ensure you’re familiar with the tax laws in the countries you’re selling to.
2. Add Tax to the Product Price #
When setting the price for your products, you need to add taxes on top of your base price if applicable.
For example, if your product costs $50 and your local tax rate is 21%, set your product price to $60,50 to include the tax.
3. Update Your Tax Settings #
Make sure your tax settings are accurate for each product, based on the type of product and the destination of your buyers. This ensures compliance with local tax regulations.
4. Customer Invoices #
Temzli will not generate tax-specific invoices for your customers. If you need to provide invoices that include taxes, you may need to create them manually or use an external tool.
Need Help? #
If you have further questions about setting up taxes or processing payouts on Temzli, contact our support team at payouts@temzli.com. We’re here to assist you with the best practices for managing your shop.
By following these guidelines, you’ll ensure a smooth process for collecting payouts and complying with tax obligations as a shop owner on Temzli.
