How does the payment process work?

All payments owed by us to you and by you to us are due within 30 days from each transaction date (e.g., Option Purchase date, date of payment made by Guest directly to Host). Advanced Payment – Any Advanced Payment or a portion of Advanced Payment received by us will be treated and transferred to you as following: (1) Our commission of the amount equal to ten percent (10%) from the total of the commission will be paid to us, and any transaction and insurance fees will be deducted accordingly; (2) fifty percent (50%) of the remaining balance will be paid and transferred to you within thirty (30) days; the remaining fifty percent (50%) of the remaining balance will be paid and transfer to you upon the first booking date of the Option. Option Remaining Payment – Upon your receiving of any Option Remaining Payments from any Guests (e.g., any payments received directly from any Guests, which are related to the Option), you are obligated to pay us a commission of ten percent (10%) of the total of any such 7 payments. You are obligated to transfer our commission payments within thirty (30) days from the date of payment.