Payment is made by the User. The User is charged once you fully confirm the Booking. Money goes to the Tagvenue Stripe Account and is paid out to the Venue typically within 3 business days after each completed Booking. Thus, payout can be defined as a transfer from Tagvenue Stripe Account to the Venue’s bank account that was provided during the Stripe onboarding process.
Please note that all payments are executed through the Tagvenue platform and are processed by our third-party payment provider, Stripe. To find out more about the whole money flow for online payments, please visit the following article.