Once the project is complete, the credit is transferred from the client’s wallet to the professional’s wallet within a few weeks.
StreetLib will apply a 10% commission fee to each payment transaction. The amount you receive in your wallet will already have this commission deducted.
- The transaction will only occur once the client has has confirmed the professional has delivered the work.
Once you have the credit in your wallet, you can issue for StreetLib as follows:
- Go to Payments> Withdraw Money and decide how much you want to withdraw.
- After, issue an invoice for this amount, as with any other client, and send it to email@example.com. The VAT to be deducted is 4%.
If you do not have a VAT number, you can send a receipt with 20% withholding tax.
The invoices/withholdings will be paid at the end of the month of issue. For example, an invoice issued on October 2nd will be paid on October 31st.
- It is currently not possible to pay deposits or make mid-project payments. Payment can only be made at the end of the project, i.e. when the project is completed and confirmed by the client.