As a Canadian brand, you will be paid in USD funds via an ACH deposit. Please find below guidance on how to obtain a US routing number.
Obtaining a U.S. routing number
You can sign up for a multi-currency account, with the provider of your choosing, to obtain a U.S. routing number.
We recommend using OFX.
Once you sign up, you will be able to obtain a U.S. routing number and account number through their service. If you are not interested in setting up an account with OFX, you may also look into other similar services or set up a U.S.-based bank account if you have a U.S. entity.
If you are unable to set up an account via OFX account, we also recommend using Wise's Multi-Currency account or Payoneer. You will obtain a U.S. routing number and account number that you can then enter on the Payments & Taxes page of your Brand Portal.
Adding your USD account details to your Faire account
Once you have a U.S. routing number, you will need to add the following information to your payout tab:
- Account holder name
- Routing number
- Account number
How are payouts calculated on Faire?
Your payout for an order on Faire is calculated using the following formula:
Payout amount = (order subtotal) + (shipping reimbursement) - (commission) - (payout fee)
- Order subtotal: (cumulative wholesale cost of the items in your order, minus any brand-funded promotions)
- Shipping reimbursement: The cost of shipping (only applies when the order is fulfilled on your own, not using Ship with Faire)
- Commission: Order subtotal x commission rate for given order type
- Payout fee: (order subtotal + shipping reimbursement) x 3%, only if applicable
You can see the full calculation breakdown of your order under your "Orders" tab by clicking on the orders detail page. Scroll down to the "You got paid!" section and select "View Payout Summary" There you find the full breakdown and calculation of your order payout.
Our pricing in North America changed July 5, 2023. You can read more about what changed on our blog.