Payout via Stripe
Last updated
Last updated
In order to streamline and enhance the payout experience of sellers, we reached a partnership with Stripe, a leading payment processing company, allowing sellers to withdraw large amount sales earnings via Stripe ACH on Palmstreet.
To initiate the Stripe onboarding process for your Palmstreet Stripe Account, simply select the "Stripe ACH" option for your payout request.
Then, you are supposed to verify your email and phone number.
After that, you are required to fill in your personal or business details.
Once your personal and business details are verified, you can link your bank account or debit card for payouts.
Then, carefully review all info and submit.
To continue, return to the Transfer my balance main page and initiate the withdrawal through Stripe ACH for a more stable payout service when handling large amounts.
Q&As
Why have to register a new stripe account on Palmstreet if I already got a stripe account? Because the stripe account registered outside of our Platform is not eligible to cash out Palmstreet balance.
How long will the payout process take after submitting the request via Stripe ACH? It normally takes no more than 3 business days for the funds to reach your bank account or debit card.
What to do if unable to complete binding process of opening Stripe within the app? In this case, you may try process it via this link in the browser.
