Direct answer
The Buyer pays the Seller the agreed price for the prepaid value being acquired.
Money already paid by the Seller stays with the Vendor.
If any amounts are still due for the Vendorās service, the Buyer pays those amounts directly to the relevant Vendor under the applicable Vendor terms and payment schedule.
CanceledWeddings.com currently does not hold these payments.
How does the payment flow work?
In a Contract Transfer:
the Vendor keeps the money already paid by the Seller;
the Seller transfers the prepaid value to the Buyer;
the Buyer pays the agreed price to the Seller for that prepaid value; and
the Buyer pays any remaining Vendor amounts directly to the Vendor.
The Sellerās prepaid value is transferred to the Buyer rather than returned to the Seller by the Vendor.
A Contract Transfer therefore preserves and transfers the prepaid value instead of treating it as a refund process.
How do I pay the Seller?
When the DealRoom requests payment, the Buyer uses one of the payment methods accepted by the Seller and follows the instructions shown for that accepted Offer.
Pay promptly. The displayed payment deadline is the latest time allowed, not a date the Buyer should wait for. After paying, the Buyer uploads payment confirmation and the Seller confirms receipt.
For detailed steps, see How do I pay the Seller after my Offer is accepted?
Why are there separate payments?
The amount the Buyer pays the Seller is payment for the prepaid value being acquired.
Any remaining Vendor payments are different. They are amounts that have not yet been paid for the Vendorās service and remain payable under the Vendorās applicable terms.
These two amounts should not be combined.
Where can I see what needs to be paid?
The Deal Specification shows:
the prepaid value being transferred;
the agreed price the Buyer will pay the Seller;
what has already been paid to each Vendor;
what remains payable to each Vendor; and
when those Vendor payments are due.
What to do next
Before making an Offer, review the Deal Specification so you understand separately:
what you will pay the Seller for the prepaid value; and
what you will still need to pay directly to each Vendor.