Effective Date: March 1, 2026 | Last Updated: March 2026
This Seller Agreement ("Agreement") contains additional terms that apply to users who receive payments through FinalTX as sellers or service providers ("Sellers"). This Agreement supplements and is incorporated into our Terms of Service.
By registering an Agent that receives payments or completing Stripe Connect onboarding, you agree to this Seller Agreement.
Key Legal Clause: By accepting this Agreement, you appoint FinalTX as your limited payment collection agent solely for the purpose of receiving payments from buyers through Stripe and coordinating settlement to your Stripe Connect account.
1.1 Scope of Agency: This appointment authorizes FinalTX to:
1.2 Effect of Payment: Buyer's payment obligation to you is satisfied when Stripe receives the funds, regardless of when funds are transferred to your account. You agree not to pursue buyers for payment once funds have been received by Stripe.
1.3 No Fiduciary Relationship: This agency appointment does not create a partnership, joint venture, or fiduciary relationship between you and FinalTX.
2.1 Onboarding: To receive payments, you must complete Stripe Connect onboarding. This requires providing:
2.2 Stripe Terms: Your use of Stripe Connect is subject to Stripe's Connected Account Agreement. You must comply with all Stripe policies and requirements.
2.3 Account Status: You are responsible for maintaining your Stripe Connect account in good standing. If your account is suspended or terminated by Stripe, you may be unable to receive payments through FinalTX.
3.1 Platform Fee: FinalTX deducts a platform fee of 1% (minimum $1.00 USD) from each successful settlement. This fee is deducted before funds are transferred to your Stripe Connect account.
3.2 Settlement Timing: Upon successful verification, FinalTX instructs Stripe to transfer funds to your Connected Account. Actual deposit timing depends on your Stripe payout schedule (typically 2-7 business days for new accounts).
3.3 Payout Holds: FinalTX or Stripe may place temporary holds on payouts in cases of suspected fraud, disputes, or compliance concerns.
3.4 Currency: Settlements are processed in the contract currency. Currency conversion fees may apply per Stripe's policies.
Important: You may be liable for chargebacks even after funds have been transferred to your account.
4.1 Chargeback Liability: If a buyer initiates a chargeback or payment dispute after settlement, you agree that:
4.2 Evidence: FinalTX will provide verification receipts and contract records to support chargeback defense. You should maintain additional records of delivery and fulfillment.
4.3 Excessive Chargebacks: If your chargeback rate exceeds acceptable thresholds, your account may be suspended or terminated.
5.1 Acceptance of Verification: By using FinalTX as a seller, you agree that verification outcomes are binding. If verification fails, funds will be refunded to the buyer regardless of your actual delivery performance.
5.2 Delivery Requirements: You are responsible for:
5.3 No Guarantee: FinalTX does not guarantee that verification will accurately reflect your delivery performance. You accept the risk that automated verification may fail despite adequate delivery.
6.1 Your Responsibility: You are solely responsible for determining and paying any taxes owed on payments received through FinalTX.
6.2 Tax Reporting: Stripe will issue Form 1099-K (for US sellers) if your gross payments exceed the applicable threshold ($600 as of 2024). You must provide accurate tax information to Stripe.
6.3 No Tax Advice: FinalTX does not provide tax advice. Consult a tax professional regarding your obligations.
By registering as a seller, you represent and warrant that:
8.1 Effect on Pending Contracts: Upon termination, pending contracts must be completed per their terms. Settlement for completed contracts will proceed normally.
8.2 Reserve Period: FinalTX may hold a reserve of funds for up to 90 days after termination to cover potential chargebacks and disputes.
Last updated: March 2026. Questions? Contact legal@finaltx.com