Completing Your Account: Make a profit with Fullscript

In this article: 

Create a profit account
Additional legal information
Adding bank accounts
Dispensary & patient discounts
Payouts

Create a profit account

Setting up a profit account gives you the opportunity to earn a margin of sales placed through your dispensary. By converting to a profit account, you become the seller of record and authorize direct deposit payouts to your bank account. 

To create a profit account, select Create profit account, set a profit margin (%), then select Legal to advance to the verification step! If needed, your profit margin settings can be updated later from the Payment tab in Dispensary Settings.

To finish setting up an account, you'll need to enter your personal and/or business details and accept the terms of service to convert to a profit account. For US accounts, direct deposit information will also be required before earning a margin of patient sales.

Select Create profit account to earn a margin of your dispensary's sales.

Warning! Profit accounts can't be reverted to no-profit accounts at a later date. 

Additional legal information

Additional legal information is required to verify the account holder and set up the dispensary to make a profit. Alternatively, accounts can get started faster by staying no-profit and opt-in to make a profit from the Tax tab later. Dispensaries must be completed and verified before earning a margin of their patient sales. 

When converting to a profit account, the account holder will become the 'seller of record' inheriting the responsibility to report income earned from Fullscript come tax season as required in your region. Sales tax responsibility is maintained by Fullscript.

Legal information required to verify a US dispensary owner.

Learn more about these requirements in Providing your tax information.

Warning! Entry errors can delay verifying your account with our payment processor, Stripe. It's important to ensure the information is accurate and matches what the IRS/CRA would have on file on the date your information is submitted.

Adding bank accounts

We'll require your bank account details to deposit payouts directly into your account.

US accounts that choose to make a profit must enter their bank account to complete account setup. Canadian accounts can follow the instructional banner displayed after setting up the account or go directly to the Payment tab to add their bank account.

Tip! See Adding your bank account to learn more.

Dispensary & patient discounts

Similar to dispensary discounts, individual patient discounts will also apply to all products in your dispensary. Patient discounts are in addition to dispensary discounts, and cannot exceed the maximum discount percentage available for your region.

Dispensary discounts

The dispensary discount can be updated at any time from the Payment page in Dispensary Settings. This discount applies to all patients.

Patient discounts

Unlike a dispensary discount, updating a patient's discount will not impact any other patient's discount in your dispensary. Patient discounts can be set when adding a patient to your dispensary or by editing an existing patient's profile.

Setting a patient discount while adding a new patient.

Payouts

As orders are shipped, proceeds earned are accumulated and deposited directly into your bank account. View your current balance, bank account details, and next scheduled payout date in the Payment tab of your Dispensary Settings.

After your first payout, Reports will be available in the menu on the right side of your screen, accessible by clicking on your avatar. 

Viewing bank account and payout details in the Payment tab of the Dispensary Settings.

Note: By default, available earnings will be paid every 30 days to the active bank account in your dispensary.