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Partnership Agreement explained

Before you can create individual projects or send invoices on GloPay, you must complete your onboarding by entering into the Partnership Agreement. This baseline contract establishes the legal foundation between you and GloPay, giving you ongoing access to our corporate invoicing structure.

To keep your business organized, GloPay uses two distinct contracts that work together. This Partnership Agreement is the internal contract used strictly on the freelancer side to govern your relationship, account rules, and payout controls with GloPay. In contrast, the Service Agreement is a dynamic, project-specific contract used on the customer side; a unique version is generated for every invoice you create, requiring your client’s active review and electronic approval before any payment can be processed.

The Legal Foundation: Your Freelancer-Side Contract

The Partnership Agreement acts as your permanent legal setup. While your project agreements are temporary and change with every invoice, this agreement remains constantly active in the background:

  • Establishing the Partnership Entity: By signing this agreement, you and GloPay formally establish an ongoing Contractual Partnership governed by § 580 of the Estonian Law of Obligations Act.

  • The Blueprint for B2B Invoicing: This contract dictates the internal rules of how the partnership operates, how funds are collected, and how they are distributed. It is the exact legal “vehicle” that permits you to safely represent yourself as a corporate B2B service provider to your enterprise clients’ accounting departments.

  • Non-Public Status: Like your project contracts, this agreement is completely private. It does not register you as a public corporate entity or business owner in the public Estonian Business Registry, meaning you maintain zero administrative corporate overhead.

Future Flexibility: Multi-Entity Infrastructure Options

Currently, GloPay operates out of Estonia through a single legal entity (eucoop OÜ) to manage freelancer partnerships. However, our internal platform architecture is designed to accommodate potential international growth and complex routing options:

  • Potential Multi-Entity Scaling: GloPay may expand its infrastructure in the future to include multiple legal entities across different countries or jurisdictions.

  • Design for Multiple Partnerships: By design, GloPay’s system architecture can support a freelancer having multiple distinct partnership agreements running simultaneously—one for each specific entity association. This allows for hyper-optimized local routing depending on where your clients are based.

  • Current Framework Limitation: Please note that currently, GloPay only supports having one single entity partnership per freelancer. If and when multi-entity assignments become available, your partnership agreement may be automatically associated with whichever specific entity best suits your individual circumstances or compliance needs at that time.

Key Rules: Fees, Revenue Sharing, and Payout Controls

The agreement clearly outlines the financial rules of the platform so there are never any surprises:

  • Standard Revenue Split: By default, GloPay operates on a highly transparent revenue-sharing model. For standard invoices paid by your clients through the platform, you retain 95% of the billings, and GloPay takes a flat 5% platform fee. There are no registration fees, hidden monthly subscriptions, or surprise maintenance costs.

  • Campaigns and Discounted Fees: This baseline platform fee may be reduced even further through promotional campaigns, volume discounts, regional initiatives, or special referral updates. Users are highly advised to follow GloPay’s official marketing messages, newsletters, and system announcements to take advantage of these lower promotional rates when they become available.

  • On-Ledger Balance Ownership: The contract specifies that funds received from your clients are securely held in your dedicated GloPay multi-currency ledger balance. Legally, these funds belong to your side of the partnership.

  • Absolute Payout Control: The agreement codifies that you have exclusive authority over your withdrawals. GloPay will never force automated payouts; your earnings sit safely on the platform until you manually request a transfer to your personal bank account or Revolut Revtag.

Continuous Compliance, ID Checks, and Tax Responsibility

Operating a global financial vehicle requires strict adherence to international regulations, which are detailed in the agreement terms:

  • Ongoing Identity Verification: You agree to maintain accurate, up-to-date account records. If your government-issued ID expires, or if global Anti-Money Laundering (AML) laws trigger a routine check, you agree to complete a secure identity re-verification via our partner, Veriff.

  • Independent Tax Status: The agreement explicitly states that this partnership does not constitute an employer-employee relationship. You remain entirely independent. You are solely responsible for reporting your earnings and paying any income, self-employment, or local taxes to your own country of tax residency.

  • The Estonian Residency Guardrail: While operating under our Estonian infrastructure framework, the contract reiterates that to maintain eligibility, you must not be a physical resident or an active tax resident of the Republic of Estonia.

Framework Revisions and Termination

  • Reviewing Updated Terms: To ensure the platform adapts smoothly to shifting international compliance laws and global payment regulations, the contract framework may be modified over time. If a new revision of the Freelancer Partnership Agreement is issued, GloPay will notify you directly via email or your platform dashboard so you can review and agree to the updated terms.

  • Account Closure and Contract Termination: You have complete freedom to leave the platform. You can terminate the partnership agreement and close your account at any time, provided you have no active, uncompleted projects or unpaid pending invoices. Any remaining funds in your balance must be fully withdrawn before final closure.

Where to Review the Agreement: You review and digitally sign this contract during your initial account setup. A permanent digital copy of your signed Freelancer Partnership Agreement is always available for your records inside the Legal Docs / Settings view of your GloPay Dashboard.

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