Stripe Payments - payout waiting time?

dahayeser

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

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

irishhombre123

Our payments are paid out on the 7th day.

mogilvie

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.