Payments & Money-Movement Terms
The hard line: Thorbis is software, not a bank, and where the money actually moves.
- Effective June 23, 2026
- Updated September 6, 2026
- v1.1
- Thorbis, Inc., a Delaware corporation
01
The core frame
Thorbis is not a bank, lender, or payment processor. Money moves through third-party providers and directly between you and the people you transact with, not through Thorbis.
02
Payment processing
Card and bank payments run through Stripe on a connected-account model: the processor account is yours, and Thorbis records transaction metadata against the job.
03
Processing fees
Processor fees are separate from the subscription and governed by the processor’s agreement. The posted reference rates: 2.9% + $0.30 for domestic cards, 0.8% for ACH direct debit. The full table is on the pricing page.
04
Payouts
Standard payouts are free and settle in two to five business days. Instant payouts carry a 1.5% fee, passed through from the processor at its posted rate; Thorbis adds no fee on the payment.
05
Buckets
Buckets are virtual budgeting envelopes only. They are not bank accounts, hold no funds, involve no custody by anyone, and are not FDIC-insured.
06
Bank account linking
Bank linking runs through Plaid for verification. Thorbis stores limited tokens and display details, never your banking credentials.
07
Financing
Point-of-sale financing, when it releases, is offered by third-party lenders who make the credit decisions and set the terms; they are named here when the agreements exist. Thorbis facilitates; it does not lend.
08
Bookkeeping, taxes, and payroll
Accounting tools are organizational aids; accuracy and standards compliance are yours. You configure tax rates. Thorbis does not determine taxability or file returns. Pay runs computed from time entries are estimates: Thorbis does not withhold payroll taxes, calculate withholding, or act as a payroll processor.
09
Ledgers are records, not truth
Displayed balances and figures are informational. The processor’s, bank’s, or authority’s determination controls when they differ.
10
Disputes and refunds
Refunds, chargebacks, and disputes with your end customers are managed by you through the processor’s processes. Nothing here is financial, investment, accounting, or tax advice.
This summary is provided for transparency and is not legal advice. Your use of Thorbis is governed by the agreement you accept. Questions: legal@thorbis.com · Thorbis, Inc., a Delaware corporation, Pickens County, Georgia, United States. The mailing address is available by request.