FAQ: How are fees and taxes determined?

We know taxes can be a hassle and there are a lot of questions surrounding them. Here is some information about TurnTable's role. When it comes to taxes, it is ultimately every Venue's responsibility to remit sales tax to their Comptroller. Because TurnTable is not a Marketplace Facilitator, we do not remit sales tax on behalf of your Venue. TurnTable applies your local sales tax rate to your account so that upon your guest's checkout, they will see the calculated sales tax included in their total. These funds are then deposited into your Venue's Stripe account. Once these funds are deposited into your Venue's Stripe account, TurnTable takes their Application Fee ($3.49/ticket) and Stripe takes their fee for payment processing. This leaves you with your Net Sales. Your Net Sales value hits your Venue's bank account through Stripe's "payouts".

 

Here is some additional information about Stripe's Payouts from their site.