Stripe Payments - payout waiting time?

dahayeser · 10-03-2021 5:29pm #1

Hi, I have recently set up an online shop for a client. I hadn't realised that the stripe payment gateway takes up to 14 days to make the first payout to the client.

https://support.stripe.com/questions/waiting-period-for-first-payout-on-stripe

I can't find anywhere how long subsequent payouts take. Can anyone with experience of stripe throw some light on this?

Thanks!

TheSunRise · 18-03-2021 9:25pm

my payouts now is much faster 2-3 days only before used to be 7-8 days

irishhombre123 · 19-03-2021 12:55pm

Our payments are paid out on the 7th day.

mogilvie · 22-03-2021 12:21pm

Hi,

The wait time between payment details being collected from the customer, and settlement of the payment depends on:
1) Jurisdiction
2) Method of payment
3) Possibly sector as well

Your initial payment settlement will be the longest one.

Link to FAQ here https://support.stripe.com/questions/waiting-period-for-first-payout-on-stripe

In our case, credit cards are relatively quick 2-3 days, but direct debit mandates (particularly new ones) can take 7-14 days depending on the day of the week, public holidays etc.

Stripe Payments - payout waiting time?

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