Kagi Frequently Asked Question

Question:

What is your schedule for mailing cheques to the vender?

Answer:

Maximum payment schedule is monthly. We base payments on the deposits acknowledged by the bank. Foreign currency and US$ checks from banks outside the USA take weeks to process. The idea is that if the money makes it into the account, we pay it to the product vender. We typically write US$ checks to the venders and mail them. Based upon the number of venders we pay each month, it is not really possible to pay in anything other than a US Dollar Check or with a wire transfer. We charge $25 for each wire transfer and your bank probably also has a fee but the payments arrive safely and quickly.

We can hold payments until enough payments have accumulated to make the check larger than some minimum amount since non-USA folks have to pay a processing fee for depositing US$ checks. Many non-USA venders set a minimum payment in the hundreds of dollars so that the transfer fees become less significant. Most US venders get paid every month regardless of the amount because there is no fee to them for depositing a small US Dollar check.

We can also pay in specific months when your minimum payment amount has been reached. Some venders want to be paid quarterly or just once a year. You pick the months you wish to potentially receive a payment.

Modification Date: Sunday, June 15, 1997