Digital merchants and Vendors are paid on the first working day following the end of the second month after the transactions occur. Bango operates a self-billing system which is an arrangement between Bango and a digital merchant by which the digital merchant’s invoice is automatically produced by Bango for all payments due and received from content sold. This is called a “Settlement Invoice” (formerly a “Self-Billing Invoice”) and can be accessed in the Bango Management Tools, in the "Finances" tab.
Bango generates Settlement Invoices on behalf of digital merchants based on those transactions shown in the Indicative Earnings Report for the month in respect of which payments are due. Transactions are shown in local currency and converted to the settlement currency on the date the Settlement Invoice is generated. A table of exchange rates will be made available at all times. Exchange rates can be found here. The Settlement Invoice will be available for access a week before the date of settlement. This Settlement Invoice qualifies as the digital merchant’s VAT invoice (if applicable) for accounting purposes.
If digital merchants fail to reach their settlement threshold in a month then their earnings will be rolled over to the following month.