1. Accepting These Terms
Superphonica Payments enables sellers to accept various forms of payment. Sellers registered on Superphonica.com, can accept payment by credit card, debit card, Escrow.com and PayPal and have those funds deposited into a seller’s designated bank account.
Superphonica Payments is only available to sellers who are at least 18 years old and registered with Superphonica’s website. Superphonica Payments is currently available to sellers covered by PayPal and Escrow.com.
Sellers may only use Superphonica Payments for the sale of items listed on Superphonica’s website, and agree to ship sold items once a payment transaction is complete and reflected in their payment account. Superphonica reserves the right to terminate a seller’s access to Superphonica Payments if the seller uses Superphonica Payments in any other manner.
Buyers may authorize a payment with credit card, debit card, Escrow.com and PayPal.
3. Third-Party Services
Superphonica has engaged third-party service providers to perform many of the services related to payment processing, including card processing, currency exchange, identity verification, fraud analysis and regulatory compliance.
Superphonica partners with top tier licensed payment processors to facilitate card payments and other payments and the disbursement of funds to sellers. The provider and processing time for your payment will vary based on the country in which you’re located. If there are insufficient funds in your bank account when our provider processes the payment for your purchase, Seller reserves the right to contact you directly and to seek payment or withhold shipment until funds are available.
By using a third-party service, you may also be subject to an agreement with the third-party. For example, PayPal is a third-party service provided by PayPal Holdings, Inc. and is subject to the PayPal User Agreement.
If Superphonica receives notice that your Stores content or activity violates a third party’s service agreement, we may at our sole discretion take action against your account to comply with their policies. Such actions may include canceling a transaction, disabling listings from your store, suspending your selling privileges, or removing certain payment methods.
Superphonica supports PayPal’s Adaptive Payments platform:
PayPal’s Adaptive Payments allow sellers to receive funds from PayPal purchases directly into their payment account, without the need to manage a separate PayPal account. This means that if a buyer pays with PayPal, the funds from the order will be credited to a seller’s payment account along with the rest of the orders. The standard Superphonica Selling Fee applies to orders that go through adaptive PayPal and applicable PayPal fees.
Superphonica supports Escrow.com’s Platform API:
While traditional escrow service is quite difficult and must be obtained through banks and lawyers, Escrow.com provides online escrow services at affordable rates right on Superphonica’s site. While the payment is ‘In Escrow’ the transaction can be safely carried out without risk of losing money or merchandise due to fraud. An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. Escrows are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of selling high-end audio components. The buyer might want confirmation the product delivered meets the ad description before making a full payment, and the seller doesn’t want to ship expensive gear without any assurance that he or she will receive payment.
4. Superphonica’s Rights and Responsibilities
5. Seller Rights and Responsibilities
- Use of Superphonica Payments requires all transactions be conducted within Superphonica’s website. Transactions completed outside of Superphonica.com are prohibited and void security measures provided by Superphonica partners.
- International Trade Laws. You agree that your use of Superphonica Payments will not involve any countries, entities, individuals or items prohibited by sanctions, embargoes, regulations or orders administered by the US Department of Treasury’s Office of Foreign Assets Control (“OFAC”) or other government agencies.
7. Payment Processing Fee Options
PayPal – 2.9% + $0.30 per transaction. credit & debit cards (Visa, Mastercard, Discover, American Express)
Escrow.com – Ranging from 3.25% – 0.89% deducted from the total sale amount. Other fees may apply.
8. Selling Fees
Superphonica charges 1% for each sold listing (not including shipping charges). There is no minimum fee and the maximum fee is $349. There is no time limit for listings and it can run until it sells. Superphonica reserves the right to change the Selling Fee percentage at any time without notice.
9. Reporting Obligations
Internal Revenue Service regulations require that we file a Form 1099-K to report unadjusted annual gross sales information for sellers located in the United States or being paid in USD that meet both of the following thresholds in a calendar year (reporting):
- More than $20,000 USD in gross sales, and (b) More than 200 transactions.
- To comply with these regulations, sellers who approach 150 (one hundred and fifty) transactions in a calendar year, regardless of sales volume may be required to provide taxpayer-identification information to Superphonica.
Superphonica may terminate or suspend a seller’s use of Superphonica Payments at any time.