Distribution of attendees' funds

General

Distributions are technically linked to billing. When a distribution is made, the accumulated fees for the services we have provided up to that point are always billed at the same time. As agreed by contract, our fees are offset against the distribution amount, unless there is an expressed written consent against it.

Typically, the participation fees collected up to the time of the settlement, minus our fees and a security retention of 10% of the distribution amount (for any potential refunds), will be transferred.

As part of the final settlement, no security retention is applied, and all remaining income will be distributed.

Only funds that have actually been credited to our account can be distributed. Credit card payments may take 4-6 weeks to be credited to our account and can only be distributed after the payment is received.

Distribution Frequency

We usually prepare an interim settlement once a month, with which a distribution is associated, provided that at least €500 in fees need to be billed or at least €5000 needs to be distributed.

Please remember to provide us with the necessary bank account details in a timely manner. Please use the following bank account information form for this purpose:

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Vorlage_Bankverbindung.pdf

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Bank Account Information Form (currently in German only)

The bank account information should be filled out with the utmost care. Converia assumes no liability for transfers to incorrect recipients due to incorrect bank details.

If a payout is needed in the meantime to cover ongoing event costs, please contact us by phone at [phone].

In this process, fees for services rendered, but not yet billed, are calculated.