This article describes the setup for when Pic-Time is the selling entity in the store.
If you would like to set up the photographer to be the selling entity, please view this article. For a general overview of Pic-Time collecting payments compared to the photographer collecting payments, view this article.
Overview
When Pic-Time is the entity that collects payment we take care of everything relating to sales tax and payments. The appropriate sales tax from each order is collected and filed by Pic-Time. The net positive profits (total amount paid by the client minus the production and shipping cost) from sales made in the store are deposited into the photographer’s PayPal account on the 1st and 15th of each month when all 3 parameters are met:
the total profit amount is over $20
the sale was made 7 days before the deposit date
your account information has your PayPal email
PayPal will issue a 1099 form for income of $600 minimum profits through PayPal. Pic-Time will not issue 1099 forms. To find your tax form, continue with Paypal here.
In this case, Pic-Time is the selling entity for the order and the order confirmation will display the Pic-Time logo. The client’s credit card statements will show Pic-Time as the processing company and all order confirmations will be sent via email from Pic-Time. After advising the photographer, our support is able to refund a sale if there is a problem with the product/delivery or it does not meet our service standards.
Setup
After selecting Pic-time under Payment Collected By, input the PayPal email address to allow the deposits to be made to your PayPal account. Click Apply to save your settings.
