The cost to be paid to the host: 1hour/USD21
From Guest, the charge to Host is 1hour/USD21, when a booking is confirmed.
mempic Service Fee
The service fee mempic charges is used for operating mempic platform. We charge a service fee to hosts when a booking is confirmed.
Host Service Fee
Service fee,20%,is charged to the hosts, the service providers. The service fee is calculated based on the duration of the service, and is automatically deducted from the payment given to the host.
Guest Service Fee
Currently, we charge no guest service fee for Trip reservations and experiences.
VAT for service fee
In accordance with the laws of your jurisdiction, extra VAT may be charged. In this case, VAT is included in the service fee.
Setting the Unit for the Settlement Currency
When entering the payment information, you may choose the currency from one of various currencies mempic supports. Also, you may change your default currency at any time on all pages the currency selection menu appears. Depending on the payment method, some currencies may not be available.
Guest – Making Payments
You can make direct payments via your Stripe account. mempic will withdraw the payment from your Stripe account. Foreign currency remittance fee may be charged during the process. If the payment is made through an intermediary bank, the bank may charge additional commission fee. mempic cannot tell you how much the fee will be charged. Also, mempic is not responsible for the intermediary bank or the commission fee the bank charges.
What is Stripe Payments?
Stripe is a payment service connected with mempic to provide more safe services.
- Stripe Payment Fee: When paying via Stripe, extra USD $1.50 is charged as processing fee.
Once the host pre-approves the reservation inquiry, click ‘Make a payment’ button and it will redirect you to Stripe Payment page. To pay the reservation fee, you have to sign into your Stripe account. When you have made the payment, a unique reservation code will be generated. Stripe is similar to using credit cards, and when the service is canceled the payment will be refunded to your Stripe account. For the refunded amount to be reflected on your Stripe account, it may take up to 5 business days.
Host – Receiving Payment
You can receive the payments via I-Payout account. Once the payout method is registered, mempic will deposit the payments into your I-Payout account. You can check your account balance at I-Payout website.
When the payout is processed by mempic, the result will be reflected in your account in less than one business day.
During the process of the receiving service payment, foreign currency remittance fee may be charged. If the payment is made through an intermediary bank, the bank may charge additional commission fee. mempic cannot tell you how much the fee will be charged. Also, mempic is not responsible for the intermediary bank or the commission fee the bank applies.
When signing up as a new member of I-Payout, you must enter the same address you have entered on the payout method on mempic website. Once you have signed up for mempic, within 2 days from the registration mempic will send you an email to confirm the registration information or ask for the additional information. You may have to submit a copy of government-issued identification or a copy of the identification card. After I-Payout’s Approval of information, a physical card will be sent to your address by mail within 4~15 business days. You have to activate this card to start receiving payments. If you have not received the card, please contact the customer service of I-Payout
- I-Payout Transaction Fee: When transferring via I-Payout, extra USD 4 will be charged as the processing fee. Currency and Exchange Rate: All service payment is made as USD. The exchange rate of USD and your local currency is decided by I-Payout.
- Additional Fee: Depending on your residence, the government may charge additional fee. mempic does not decide or charge the additional fee.
- For more information, see I-Payout website.