Wallets, Payments and Invoicing
The Fake Wallet
The Real Wallet
The Fake Wallet
Each project managed by Self XDSD starts off with a Fake Wallet which has 100.000,00 € in it. You can work with it until you decide to use a Real Wallet. Think of it as a dry run, or free trial, where you can enjoy all the functionalities of Self XDSD without paying any money.
Of course, your contributors might not be so motivated to work in this scenario. We recommend you switch to a real wallet as soon as possible.
The Real Wallet
Self XDSD integrates with Stripe to provide payment functionalities. Registering a real wallet means sending your billing and card information to Stripe, which will use them on our behalf to make payments. Self XDSD does not maintain any sensitive information such as card details.
Once you register a real wallet and a payment method (a credit or debit card), you have to specify a cash Limit – that is exactly how much money Self XDSD will use. You will have to update this limit regularly and we also kindly ask you to make sure that you actually have that amount of money available on your card.
Attention: Real payments are supported only in the countries supported by Stripe (see here). In order to pay and/or be paid through Self XDSD, the Project Owner and the Contributor need to provide documents proving their address in one of the supported countries. We apologise for this inconvenience. If you notice that Stripe supports a new country which is not yet listed in Self XDSD, kindly open an Issue here.
For all tasks which are closed and invoiced (added to the active invoice of a Contributor), Self XDSD charges a commission of 8%. The actual value depends on the task’s estimation and the contributor’s hourly rate.
For example, in the case of a task which has a 4-hour estimation, solved by a Contributor who has a 25,00 € hourly rate, the commission will be 8,00 € – finally, you will pay 108,00 €: 100 to the Contributor, plus 8 our commission.
We also take a commission of 5% from the Contributor. If you’re a Contributor working in Self XDSD, read more here.
Each Monday, Self XDSD will automatically pay all the Invoices which have a value over 108,00 €. You can also pay an Invoice manually from the web UI, once its value is over 108,00 €.
Of course, if you are using a fake wallet, the payments will be fictive – nobody will pay or receive any money, we will just mark the Invoice as “paid”.
On the Project page, Contracts tab, you can download all the Invoices from your contributors. These invoices contain both the Contributor’s revenue and Self XDSD’s commission. All your spent money should be covered by these invoices.
If you are using a fake wallet, these invoices will be addressed to “Project xxxxx/yyyyy at Github.”, so they will not have any fiscal value (this makes sense, since no actual payments are performed).
When you register a real wallet, you will be asked for your business and/or tax information, which will appear on the invoice. The Contributor is also asked for their business/tax information when registering with Stripe. Thus, an invoice paid with the real wallet should be correct and complete from a fiscal point of view.