Payout Agreement

Effective Date: [DATE]
Last Updated: [DATE]

This Payout Agreement governs how Raisepath (operated by Blue Ribbon Innovations LLC) collects donations and product payments on behalf of your organization and distributes them to you.

By accepting funds through the Service, your organization agrees to this Payout Agreement.

1. Agency Relationship

Your organization ("Organization") designates Raisepath as its authorized agent of payee for the limited purpose of collecting donations, product payments, ticket sales, and sponsorships from donors and customers ("Funds"), and remitting those Funds to the Organization in accordance with this Agreement.

Funds collected by Raisepath are received on behalf of the Organization, not as revenue of Raisepath. Raisepath retains only the agreed-upon platform fee as compensation for its services.

2. Payout Schedule

Raisepath will pay out Funds to the Organization on the 15th of each calendar month.

The payout will include all Funds collected during the prior calendar month, less:

  • Platform fees (12.5% of donation amount, paid by donor)
  • Stripe processing fees
  • Any approved refunds issued during the period
  • Any disputed transactions or chargebacks
  • Any holds for fraud investigation

Example: All Funds collected between January 1 and January 31 will be paid out on February 15.

If the 15th falls on a weekend or federal holiday, payout will be issued on the next business day.

3. Payout Methods

The Organization may select one of:

  • Paper check (default): Mailed to the Organization's payout address via Checkbook.io. Typically arrives 5-10 business days after issue date.
  • ACH direct deposit: Funds transferred to the Organization's bank account. Typically settles 2-3 business days after issue date.
  • Stripe Connect Express: Funds routed via Stripe to the Organization's connected account. Subject to Stripe onboarding completion.

The Organization is solely responsible for providing and maintaining accurate payout information.

4. Early Payout Requests

The Organization may request an early payout in writing to support@[YOUR_DOMAIN]. Early payout requests are reviewed case-by-case and granted at Raisepath's discretion. We are not obligated to honor any early payout request.

5. Payout Holds

Raisepath may hold or delay any payout if:

  • Fraud is suspected
  • Disputes or chargebacks are pending
  • The Organization is under investigation for AUP violation
  • Required by law or regulatory authority
  • The Organization has provided incorrect or outdated payout information

6. Organization Responsibilities

The Organization is solely responsible for:

  • Providing accurate payout information
  • Updating payout information promptly when it changes
  • Maintaining proper internal controls over who can update payout information
  • Maintaining proper authorization for staff who manage the Organization's account
  • All tax reporting and compliance related to received Funds
  • Issuing donation acknowledgments to donors for tax-deduction purposes
  • Maintaining 501(c)(3) status or other tax-exempt status, if applicable
  • Complying with all charitable solicitation laws in jurisdictions where the Organization solicits donations

7. Limitation of Liability

Raisepath is not liable for losses arising from:

  • Outdated, incorrect, or fraudulent payout information provided by the Organization
  • Acts or omissions of the Organization's personnel, including but not limited to bookkeepers, administrators, principals, treasurers, or any other staff member
  • Unauthorized changes to payout information made by current or former staff with active account access
  • The Organization's failure to revoke access for departing staff
  • Misuse of received Funds by the Organization
  • Tax penalties, charitable registration violations, or other regulatory matters affecting the Organization
  • Bank or check-cashing fees imposed by the Organization's bank
  • Acts of third-party service providers (Stripe, Checkbook.io, postal services)

It is the Organization's responsibility to maintain accurate user access and payout settings. If a former employee, contractor, or unauthorized person modifies payout information using credentials the Organization failed to revoke, Raisepath is not liable for any resulting misdirected payout.

8. Refunds and Chargebacks

If a donor receives a refund or initiates a chargeback after a payout has been sent to the Organization, Raisepath will deduct the refund or chargeback amount from the next scheduled payout. If insufficient Funds are available, the Organization agrees to reimburse Raisepath the deducted amount within 30 days.

9. Fees

The Organization acknowledges and agrees to the following fees:

  • Platform fee: 12.5% of donation amount, paid by the donor at checkout
  • Stripe processing fees: Approximately 2.9% + $0.30 per transaction
  • Optional services: Custom domains, SMS, advanced features per current pricing
  • Onboarding fees: District-level onboarding fees per current pricing schedule

Fee structure may change with 30 days' notice.

10. Recordkeeping

Raisepath will provide the Organization with transaction records and payout statements through the platform dashboard. The Organization is responsible for maintaining its own records for tax and compliance purposes.

11. Termination

Either party may terminate this Agreement with 30 days' written notice. Upon termination:

  • Pending payouts will be issued according to the normal schedule
  • The Organization remains responsible for any refunds or chargebacks on prior transactions
  • Raisepath will provide a final accounting within 60 days

12. Modification

Raisepath may modify this Agreement with 30 days' notice. Material changes will be announced via email or platform notification.

13. Governing Law

This Agreement is governed by the laws of the State of Wyoming. Any disputes must be resolved in the state or federal courts of Wyoming.

14. Contact

Blue Ribbon Innovations LLC
[YOUR_BUSINESS_ADDRESS]
support@[YOUR_DOMAIN]