For each Transaction, Amazon, or Amazon Payments, Inc. ("Amazon Payments"), will retain a "Referral Fee" equal to the applicable Amazon Referral Fee Percentage of your Sales Revenue.
The Amazon Referral Fee Percentage for New Customers and Renewals is 25%.
As payment in full for any Transactions, Amazon, or Amazon Payments, will remit to you all Sales Revenue received during a month within 30 days after the end of that month, less: (a) Referral Fees due and (b) any amounts refunded to customers and not previously deducted from Sales Revenue. Amazon does not guarantee payment on behalf of any customers. Amazon, or Amazon Payments', obligation to remit funds collected by it on your behalf is limited to funds that have actually been received by Amazon or Amazon Payments less amounts owed to Amazon, subject to chargeback, reversal or withheld for anticipated claims in accordance with this Agreement. Without limiting Amazon's rights to collect any amounts you owe, Amazon or Amazon Payments' receipt of Sales Revenue discharges your obligation to pay applicable fees and other amounts under this Agreement to the extent the Sales Revenue equals or exceeds the fees and other amounts you owe and the Sales Revenue is applied to the payment of those fees and amounts.
If we are initially unsuccessful in charging a customer's payment instrument to complete a Transaction, we may make additional attempts to complete the charge and grant customers a grace period to permit them to update their payment information or instrument. You will continue to provide access to the Product during any grace period. We will notify you at the end of the grace period if we have been unable to successfully process the Transaction so that you can terminate access to the Product.
You will bear all risk of fraud or loss, including the risk of chargebacks or credit card fraud associated with the sale of your Products. If we receive a chargeback or determine a payment related to a Transaction was a result of fraud, then you will promptly reimburse us for the total amount of any applicable Sales Revenue previously paid to you, as well as all credit card association, bank or other payment processing, re-presentment and/or penalty fees associated with the original Transaction. We may in our sole discretion withhold for investigation, refuse to process, stop or cancel any of your Transactions. You will stop or cancel orders of your Products if we ask you to do so. You will refund (or authorize Amazon to refund on your behalf) any customer that has been charged for an order that we stop or cancel.
Your Sales Revenue will be held in a Seller Account with Amazon or Amazon Payments and will represent an unsecured claim against Amazon or Amazon Payments, respectively. Your Sales Revenue are not insured by the Federal Deposit Insurance Corporation. Prior to disbursing funds to you, Amazon or Amazon Payments may combine Sales Revenue held with the funds of other users, invest them, or use them for other purposes permitted by applicable Laws . You will not receive interest or any other earnings on any Sales Revenue. To the extent required by applicable Laws , Amazon or Amazon Payments will not use any funds held on your behalf for its corporate purposes, will not voluntarily make the funds available to its creditors in the event of bankruptcy or for any other purpose, and will not knowingly permit its creditors to attach those funds.
If there is no activity (as determined by Amazon or Amazon Payments) in connection with your Seller Account for the period of time set forth in applicable unclaimed property Laws and Amazon or Amazon Payments holds Sales Revenue on your behalf, you will be notified (in whatever manner Amazon or Amazon Payments designate) and provide you the option of keeping your Seller Account open and maintaining the Sales Revenue in your Seller Account. If you do not respond to the notice(s) within the time period specified therein, the Sales Revenue in your Seller Account will be sent to your state of residency, as determined based on the information in your Seller Account. If Amazon, or Amazon Payments, is unable to determine your state of residency or your Seller Account is associated with a foreign country, your funds may be sent to the State of Delaware.