You are the legal payee
Your kid operates it. Chargebacks, refunds and clawbacks land with you.
You sign once.
You keep the controls.
Your kid is going to keep taking money for work either way. This is the version with a paper trail.
Have your teen start
They sign up first. You'll get an email to review and sign.
What you're signing
An agreement that makes you the legal payee.
Legal payee
You
Who operates it
Your kid
How you accept
An emailed agreement
Seller of record
Ninth Street Labs, LLC
What the app shows
A payable, not a balance
The four things you are actually checking.
| Method | Record | Receipt | Whose name | Needs 18 |
|---|---|---|---|---|
| Venmo → mom | In her feed | No | Hers | No |
| Cash | None | No | Nobody's | No |
| A business account | Full | Yes | Theirs | Yes |
| fuime | Full | Yes | Yours, as guardian | No |
Why those four and not price
Price is the easiest column to win and the least useful one to read. Cash is free and leaves you with nothing to show a client who disputes the work, or an accountant who asks where the $2,000 came from.
The honest version
What you are agreeing to.
The fees are billed to you
5% of a sale, minimum 50¢, and never to your kid.
Read-only on everything, and an off switch.
Every invoice, every payment
What was billed, what was paid, and what each one cost in fees.
The off switch
Revoke the guardianship from your own login and it stops.
Where payouts go
A destination you approve: parent, joint, or teen account.
Your own accounts
Your own Venmo and cards stay out of it.
Tax time
Income, expenses, net, and tax-prep flags.
What fuime tracks
Every invoice, fee and expense they log, totalled for the year.
$433.14 of net profit
Where the IRS expects a return. fuime flags it as you go.
Where fuime stops
Not a tax advisor. It estimates, and it files nothing.
Where this stops
Five limits, before you sign.
Identity checks
None, of anyone
Payout dates
A person approves every run
At 18
No handover of the payee role yet
Tax
Estimated, never filed
Where it works
US, USD, English
Questions
The ones parents actually ask.
Is fuime a bank?
No. fuime is a financial technology company, not a bank. It does not hold deposits and does not offer FDIC-insured products. Payments are processed by Stripe, and Ninth Street Labs, LLC is the seller of record.
Where does the money actually sit?
Client payments settle to fuime's payment processor account, because fuime is the seller. What you see in the app is what fuime owes the venture, not a balance. Payouts go to a destination you approve.
Can my kid take money out without me?
No. They cannot approve their own payout, and the product refuses it in two separate places. You approve the destination before the first payout leaves.
What if my kid loses interest and stops using it?
Then it stops costing you anything. The fee only ever applies to money actually collected, there is no monthly subscription to cancel, and you can close the account whenever you like.
Who is liable if something goes wrong?
You are, as the legal payee and clawback obligor. A chargeback, a refund, or a clawback lands with you. That is the trade for a 15-year-old being able to accept a card at all.
What happens when they turn 18?
At 18 they can take the books and the customer list with them. A formal handover of the legal-payee role is not shipped yet. When it is, we will say how it works.
Schools, teachers and cohorts
Bringing a class or a closed group?
Here for one teen? Have them start.