1. Our Relationship
You supply a service to us. You make your API available to us, and you operate it, maintain it, and support its users (the “Provider Service”), whether it runs on your own infrastructure or on infrastructure we provide. We sell access to subscribers. We sell access to your API to subscribers in our own name, at the plan prices you set in the Studio, and we are the seller of record for those sales. We collect all payments from subscribers, handle billing, invoicing, sales taxes, and refunds, and decide on refund requests under our Refund Policy. Subscribers owe you nothing for access sold through the Services, and you will not charge them for it. Independent parties. You and we are independent contractors. Nothing in this Agreement creates a partnership, joint venture, employment, franchise, or agency relationship, and neither party may bind the other. We do not collect or hold funds on your behalf: the service fee described below is our own obligation to you.2. Service Fee
Calculation. For the Provider Service, we pay you a service fee equal to the payments we collect for your API’s plans and usage, less:- the payment-processing fees charged to collect those payments; and
- our marketplace fee, applied to the remaining amount: 10%, unless a different rate is shown in your Studio or agreed with you in writing.
3. Payouts
Schedule. Service fees for a calendar month are paid out from the 15th of the following month. If your balance is below the minimum payout (currently $30), it is carried over to the following month. Methods. We pay out in USDC on the Polygon network to a wallet address you provide, or to your PayPal account. We may add, change, or withdraw payout methods. A transfer fee of up to 1% may apply depending on the method. A payout in USDC settles the corresponding US dollar amount at one USDC per US dollar. Payout details. You are responsible for keeping your payout details accurate. Before the first payout to a new or changed wallet address, we may require you to confirm the address with a small test deposit, which is deducted from your next payout, and we may delay payouts to a changed address for a cooling-off period. Cryptocurrency transfers are irreversible: we cannot recover funds sent to the address you provided, and any loss resulting from an incorrect, invalid, or inaccessible address is yours. Holds. We may hold, delay, or withhold a payout:- until you have met the requirements in section 4;
- while we investigate suspected fraud, chargebacks, account compromise, or a breach of this Agreement or the Terms of Service;
- where your API is removed for falling into a prohibited category; or
- where required by law, a court order, or a payment provider.
4. Identity, Tax, and Sanctions Requirements
Information we may require. Before paying you, and at any time afterwards, we may ask for your legal name, the country where you reside or are established, whether you are an individual or a business, and other information we need to verify your identity and comply with the law. You agree to provide accurate information and to keep it up to date. Tax forms. If you are a US person, you must provide a completed IRS Form W-9. If you are not a US person, you must provide a completed IRS Form W-8BEN (individuals) or W-8BEN-E (entities), or another form we accept. We may report payments to tax authorities and withhold tax from payouts where the law requires it, including backup withholding where a valid taxpayer identification number is missing. You are responsible for all taxes on your service fees, in your own country and elsewhere, and for any registration, invoicing, or filing they require. Sanctions. You represent and warrant, when you accept this Agreement and each time you receive a payout, that:- you are not located, organized, or ordinarily resident in a country or region subject to comprehensive US sanctions (currently Cuba, Iran, North Korea, and the Crimea, so-called Donetsk People’s Republic, and so-called Luhansk People’s Republic regions of Ukraine);
- you are not, and are not owned 50% or more (individually or in the aggregate) or controlled by, a person on the Specially Designated Nationals and Blocked Persons List or another sanctions list maintained by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC); and
- no payout address or account you provide belongs to or is controlled by such a person.
5. Your Responsibilities
You are responsible for:- operating your API with the reliability, documentation, and pricing you publish, and supporting its subscribers in a timely manner;
- having all rights, licenses, and consents needed for your API, its content, and its data sources, and for the data it processes for subscribers;
- complying with the laws that apply to your API, including data protection, export control, and sanctions laws; and
- the security of your Studio account and of your payout wallet or PayPal account.
