Store Owner Agreement
Last Updated: January 19, 2025
1. Platform Fees and Payments
Key Financial Terms:
- Platform fee: 5% of each transaction
- Payment processing: Managed by Stripe
- Payment frequency: Daily disbursements via Stripe
- Store activity requirement: Minimum one transaction every 30 days
2. Store Activity Requirements
Important Notice: Your store must maintain active transactions to remain operational.
- Stores must process at least one transaction every 30 days
- Stores will be automatically closed after 30 days of inactivity
- Closed stores must complete a new application to reactivate
- All pending transactions will be processed before closure
3. Payment Processing
- All payments are processed through Stripe
- Store owners must maintain valid Stripe accounts
- Daily automatic transfers to your nominated bank account
- Platform fees are automatically deducted
- All transactions are in Australian Dollars (AUD)
4. Store Owner Obligations
- Maintain accurate product information
- Process orders promptly
- Respond to customer inquiries within 24 hours
- Comply with Australian Consumer Law
- Keep banking and contact information updated
5. Platform Rights
We reserve the right to:
- Monitor store activity and content
- Remove inappropriate content
- Close inactive stores
- Modify platform features and services
- Adjust fee structures with 30 days notice
6. Dispute Resolution
Any disputes will be resolved according to NSW law through:
- Direct negotiation
- Mediation through an accredited NSW mediator
- NSW Civil and Administrative Tribunal (if applicable)
- Courts of New South Wales
Contact Information
YourFirstStore Pty Ltd
New South Wales, Australia
Email: support@yourfirststore.com
ABN: 14005076622
Support Hours: Monday to Friday, 9am to 5pm AEST