How money moves safely through FERIK

When you pay for something on FERIK — a trip booking, an event ticket, a vendor deposit — that money doesn't go straight into the vendor's pocket. FERIK holds it first.

Every successful charge creates a payment hold against the specific vendor or event organizer who's owed that money. The hold exists so a payment is provably tied to a real transaction and sits somewhere auditable rather than being spent immediately. A hold only becomes eligible for payout once 7 days have passed since you paid and the service it pays for is over — a deliberate pause, not a delay bug, giving a cancellation or a dispute time to surface before the money moves any further. A customer dispute on the booking that is still open keeps its hold from being paid out.

Once a hold clears that window, our staff can run a payout batch that pays eligible vendors and organizers. Every payout carries a flat 10% platform commission — the same rate for every payee and every kind of booking, with no hidden or variable fees — and the remaining 90% lands as a credit in the payee's own FERIK Wallet, ready to spend or eventually withdraw. Before anything is paid out, the amount is reconciled against the original charge; if the numbers don't match, that money is held back and flagged for a staff member to look into rather than paid out regardless.

Right now, payouts land in a FERIK Wallet rather than a bank account, and every batch is run manually by our team rather than on an automatic schedule. Both are deliberate, honestly-scoped starting points — not the finished picture, but a real, working, auditable one.