Payments & Fees Policy

Last updated November 2023.

1. Introduction

1.1. This Payments and Fees Policy ("Policy") outlines the payment methods, fees, and refund policy for the use of Olyn Inc.'s platform ("Platform").

2. Payment Methods

2.1. Users can make payments on the Platform using the following methods:

  • USBC: USBC is a token running in the USBC blockchain, run by Universal Ledger, accessible through the Universal Namespace. More information here.
  • Bitcoin: Bitcoin is a token running in the Bitcoin blockchain, accessible through the Lightning network. More information here.

3. Fee Structure

3.1. The Platform may charge fees for certain transactions and services, which can include but are not limited to:

  • Creator Fees: This fee is charged to the viewer, earned by the original creator of the content and defined by the creator as well. It is included in the final price the viewer pays for.
  • Owner Fees: This fee is charged to the viewer, earned by the current owner of the content and defined by the creator of the content. It is included in the final price the viewer pays for.
  • Distribution Fees: This fee is charged to the viewer, earned by the distributor of the content and defined by the creator of the content. It is included in the final price the viewer pays for.
  • Platform Fees: This fee is charged to the viewer, earned by the Platform and defined by the Platform. It is included in the final price the viewer pays for.

4. Fee Calculation

4.1. The calculation of fees will be based on the current fee rates set by the Platform at the time of the transaction.

5. Refund Policy

5.1. The Platform does not offer refunds for any payments made.

6. Fee Changes

6.1. The Platform reserves the right to change its fee structure and rates at any time. Users will be notified of fee changes via email or by posting them on the Platform.

7. Payment Processing

7.1. Payment processing may be handled by third-party payment processors. Users are subject to the terms and conditions of these processors when making payments.

8. Dispute Resolution

8.1. Disputes related to payments and fees will be resolved in accordance with our Dispute Resolution Policy.

9. Contact Information

9.1. For any questions or concerns related to payments and fees, please contact our support team at [email protected].