Last Updated: January 4, 2022

Thank you for your interest in becoming a Seller! This Thatch Seller Addendum (this “Addendum”) is part of and subject to all of the terms and conditions of the Thatch Terms of Service (https://www.thatch.co/terms-of-service) (the “Terms”) between you and Nat, Inc. (“Thatch”, “we”, “our”, or “us”) incorporated herein by reference. Unless otherwise defined in this Addendum, all capitalized terms have the meaning provided in the Terms.

This Addendum contains terms regarding how and what Sellers get paid for their Travel Content and other terms specific to a Seller’s use of our Services. Please read this Addendum and the Terms carefully. If you don’t agree to be bound by this Addendum or the Terms, you aren’t permitted to become a Seller and you may not sell access to your Travel Content or receive tips from Visitors in connection with the Services.

  1. Pricing and Payments. You may offer your Travel Content for free, or for a fee, to be determined at your discretion. You may set and change the prices for your Travel Content at your discretion through your Seller account, though no price changes will apply retroactively. If you choose to charge a fee for access to your Travel Content, accept tips, or otherwise participate in a monetization program we may offer Sellers, you agree to the following:
  2. Revenue Share. As long as you are complying with your obligations under this Seller Addendum, you will be paid an amount equal to ninety percent (90%) of (a) the amount paid by a Visitor to purchase access to your applicable Travel Content, less applicable Taxes and (b) the amount of the tip paid by a Visitor, less applicable Taxes. Our payment processor may charge you a fee for use of its services subject to its terms and conditions. “Tax” or “Taxes” means the taxes, duties, levies, tariffs, and other governmental charges (including, without limitation, VAT).
  3. Payments. To receive payments from Thatch you must set up an account with our third-party payment processor. The terms and conditions of such payment processor will apply to your use of its services. You will be paid following the completion of each transaction for your Travel Content through the account you set up with Thatch’s third-party payment processor.

All payments will be made in U.S. dollars. To ensure proper payment, you are solely responsible for keeping your account information current and complete, and your account with any third-party payment processor up to date and active. You agree to complete any required Tax or other forms relating to your receipt of payments, including, providing Thatch with a valid U.S. tax identification number and a fully-completed Form W-9 if necessary. Notwithstanding the foregoing, Thatch will not be liable for any payment based on:  (i) any amounts which result from invalid transactions; or (ii) any illegal or otherwise invalid request for users to engage in a transaction. In addition, Thatch reserves the right to withhold payment, chargeback your account and offset future payments to you (as applicable), for example, in the case of fraud or your breach of this Seller Addendum.

  1. Reporting. For Travel Content related payments you will have access to reports via our third-party payment processor.
  2. Taxes. You will be responsible for payment of all income or other Taxes and any related interest and penalties resulting from any payments made to you hereunder.
  3. No Circumvention. You agree to process payments from Visitors only in the manner determined by us. This includes using the third-party payment processing platform (“Payment Processor”) we choose, and following any other rules we specify. You may not circumvent your payment obligations to us by soliciting payment from a Visitor outside of our Services or by using any alternative method to collect payments, including without limitation, receiving payments for your Travel Content through Paypal, Venmo, or a separate Patreon page. You agree to notify us immediately if you receive any such offer or solicitation to circumvent your payment obligations by contacting us at [email protected].
  4. Ownership. As between you and Thatch, you own what you create. As a reminder, under the Terms you grant us a license to your Travel Content to enable us to operate, improve, market, or otherwise provide our Services. For further details on this license and the terms applicable to your Travel Content, please see Section 6 “Your Content” in the Terms.
  5. Contact Information. If you have any questions about this Addendum, please contact Thatch at [email protected].