This policy (“Donation Policy”) explains our policies, fees, and charges related to Donations and Payouts (as such terms are defined in our Terms and Conditions of Service). Terms capitalized but not defined in this Donation Policy shall have the meaning ascribed to them in our Terms and Conditions of Service (“Terms”).
As explained in our Terms, from time to time the Services enable Users to send Donations to Spiritual Leaders either spontaneously or on a recurring basis. All Donations are made through a third-party payment processor, and not through Gospel Time. When setting up your Account to send Donations or to receive Payouts, you will be re-directed to our then current third-party payment processor to provide customary billing and payment or account information. Please refer to our Terms for specific requirements needed to qualify as a Spiritual Leader to receive Payouts and to review the acknowledgements and representations and warranties each User must make when making a Donation, including representations and warranties regarding compliance with local, regional, or national rules and regulations regarding sending and receiving donations.
There are generally two types of Donations. A “Spontaneous Donation” is a pre-determined Donation (for example, $5.00), sent by a User to a specific Spiritual Leader by clicking the “Donate” or similar button on that Spiritual Leader’s content (for example, photograph, post, video call, or the like). A “Platform Donation” is a one-time or recurring Donation made by a User to all Spiritual Leaders on the Platform, which Donation is shared with all Spiritual Leaders in a manner determined by Gospel, from time to time.
Certain charges apply to Donations, including third-party payment processor fees (which may vary depending on your financial institution), a small service fee that Gospel Time collects, and other charges that Gospel Time may apply from time to time. We refer to these charges as “Donation Fees.” Donation Fees are applied as explained below. Please note that Donation Fees are subject to change at the discretion of Gospel Time. While Gospel Time will attempt to provide reasonable notice to any change in Donation Fees, we are not obligated to provide actual notice of same to you.
| Donation Type | Donation Amount | Gospel Time Fee | Payment Processor’s Fee |
|---|---|---|---|
| Donation | Any amount | 3% | Varies (set by processor) |
| Donation with video | Any amount | 3-7% | Varies (set by processor) |
Unless otherwise stated, the payment processor’s fee is applied to the total Donation amount first, then Gospel Time’s fee is applied to the remainder, and the resultant fee paid out to the Spiritual Leader(s).
For example, in the case of a Donation of $5.00, if the payment processor’s fee is 3%, that amount is first deducted. Then Gospel Time’s fee of 3% is also applied to the $5.00, leaving a final donation amount of $4.70 which is conveyed to the specific Spiritual Leader to whom the Believer donated.
In another example, in the case of a Donation with video of $100.00, if the payment processor’s fee is 3%, that amount is first deducted, leaving a remainder of $97.00. Then Gospel Time’s fee of 3% is applied to the remainder of $97.00, leaving a final donation amount of $94.00, which is then shared amongst all Spiritual Leaders on a pro rata basis according to how many followers each Spiritual Leader has at the time the Platform Donation is made.
Important: The foregoing excludes any fees or charges your own financial institution may charge you for sending Donations or receiving Payouts through Gospel Time’s third-party payment processor. Gospel Time does not control, and is not responsible for, any such fees or charges and Gospel Time expressly disclaims all (and you agree that Gospel Time will have no) liability in this regard.
Last Updated: September 1, 2024