Understanding Payments
How Payments Work
When a customer makes a purchase, their payment is securely processed through TINYWAY. Funds are held until the order is completed. Platform fees are deducted automatically. The remaining amount is available for payout to your connected account.
Platform Fees
TINYWAY charges fees to cover payment processing, platform maintenance, and customer support. Fees are calculated as a percentage of each sale plus a small fixed amount. Review the current fee schedule on our pricing page. Factor fees into your pricing strategy.
Payouts
Connect your bank account or payment method in seller settings. Payouts are processed on a regular schedule. You can view pending and completed payouts in your dashboard. Ensure your banking information is accurate to avoid delays.
Taxes and Reporting
You are responsible for reporting income and paying applicable taxes. Keep accurate records of all sales and expenses. Download transaction reports from your dashboard. Consider consulting with a tax professional for your specific situation.
Pro Tips
- Set aside money for taxes from each sale
- Download monthly reports for your records
- Verify your bank account promptly to avoid payout delays
- Track all business expenses for tax deductions
- Review your fees statement monthly