2
8 Comments

Using stripe? How do you receive your payments?

Say I sell 1000 copies at $10 in the course of a month (through stripe).

Basically, I'd like to know if you get a single payment from stripe, or 1000 small payments (one for each copy sold).

(I'm curious how complicated will the accounting part will be).

Also, if you're from Romania, any tips you could share? Thanks!

on October 2, 2020
  1. 1

    I don't know for Stripe specifically but Adyen, the competitor does one transfer a day.
    And some payments are delayed because of bank treatment etc.

    I suppose it's the same mechanism. 😉

    1. 1

      Thanks! So that would imply , if I sell 100 products in 1 day, I will get a single payment?

      1. 1

        I'm using Adyen for Seety (seety.co) that handles thousands parking transactions every day and we receive the money in one daily payment.

        But as I said, sometimes, some transactions (around 5%) are delayed to the batch of the next day.

        1. 1

          That is perfect, thanks! That's what I wanted to know ;)

  2. 1

    from the docs

    In order for you to receive funds, Stripe (or your platform) makes payouts to your bank account.

    Payout availability depends on a number of factors such as the industry and country you’re operating in, and the risks involved. When you start processing live payments from your customers with Stripe, you won’t receive your first payout until 7–14 days after receiving your first successful payment. The first payout usually takes a little longer in order to establish the Stripe account. Processing subsequent payouts then happens according to your account’s payout schedule.

    1. 1

      Thans! So if I understand correctly, if I sell 1000 products in one month, I will get 1000 payouts. Is this correct?

      1. 1

        I'm not sure the correct answer. Stripe support is very good at responding with the correct answer.

        1. 1

          Got it, thanks, will ask them