This article covers the Starter Agency Edition billing. If you are on the impact.com Starter Edition, then please refer to the article on Starter Edition billing.
When you sign up with impact.com Starter Edition, you will be required to provide credit card information. This information is to ensure that your digital wallet can be funded and can cover any costs that are incurred on a daily basis, preventing overdue payments from occurring. Monthly fees are calculated as $30 or 20% of partner commissions, whichever is greater.
Whenever your digital wallet balance is 30 currency units lower than your owed partner and impact.com fees (plus the standard 50 currency units partner fees buffer), the system will automatically charge your credit card. This automatic charge will only happen after you’ve incurred your first partner or impact.com fees.
impact.com won't charge your credit card if you have a sufficient wallet balance and the fees are less than the minimum amount to charge ($30 USD or 30 currency units).
After you've incurred your first partner or impact.com fees, the system will automatically charge your credit card for those fees and a standard 50 currency units (e.g., $50) buffer for future fees.
* All currency amounts in this example are in USD.
For this scenario, we assume you sign up and complete your billing information on 12 May.
On 12 May:
Current Digital Wallet Balance: $0
Costs: $0
Total expense = $0
Is there an auto-charge?
No, you've not incurred any fees yet.
On 30 May:
By 30 May you managed to secure contracts with partners who drive traffic that resulted in conversions for which you need to pay $25 in commissions.
While these actions will only lock on 20 June, they have already happened, so their costs will be included in the calculated total value on 30 May and will only be deducted from your digital wallet once the actions lock.
Current Digital Wallet Balance: $0
Costs: $25 (Partner Costs)
Buffer Amount: $50
Total expense = $75 ($25 costs + $50 buffer - $0 digital wallet balance)
Is there an auto-charge?
Since you've incurred your first costs, there will be an auto-charge of $75 to your credit card.
On 1 June:
On 1 June, there will be no impact.com fees, since you are still within your free trial period.
Current Digital Wallet Balance: $75
Costs: $0 ($0 for impact.com fees)
Total expense = $25 (partner costs) + $50 (buffer) - $75 (balance) = $0
Is there an auto-charge?
No, because you have covered your partner costs.
On 2 June: (after the impact.com fees have cleared):
Digital Wallet Balance: $75 ($75 previous balance)
Is there an auto-charge?
Since your digital wallet balance is $75 ($75 - $25 partner costs), there will not be an auto-charge for the costs.
On 20 June: (after the partner fees have locked):
Current Digital Wallet Balance: $75
Costs: $25 (partner fees)
New Digital Wallet Balance: $50
Is there an auto-charge?
Since the fees are less than $50 (the minimum amount to charge), there won't be a charge.
On 1 July:
On 1 July, impact.com charges a monthly usage fee, which is due on and will clear on 2 July. The monthly usage fee is charged on the 1st of each month for usage of the previous month.
Current Digital Wallet Balance: $50
Costs: $30 ($30 impact.com fee + $50 buffer amount - $50 digital wallet balance)
Is there an auto-charge?
Since your digital wallet balance is not sufficient to cover the incurred costs plus a buffer, there will be a $30 auto-charge.
New Digital Wallet Balance: $80
On 2 July: (after the impact.com fees have locked):
New Digital Wallet Balance: $50 ($80 previous balance - $30 impact.com fees)
Is there an auto-charge?
No, since the digital wallet balance is 50 currency units.