To receive payouts on Palmstreet, seller accounts must complete identity verification and set up a valid payout method. This article provides a step-by-step overview of the verification process, how to add a payout method, and how to withdraw available balance once setup is complete.
Steps to Complete Verification
Payouts will be enabled after both of the following steps are completed:
Phone Number Verification: Submit a valid phone number and complete SMS code verification.
Stripe Identity Verification: Complete identity verification through Stripe using one of the accepted documents:
Driver’s license
National ID card
Passport
Steps to Set Up Payouts
Once verification is complete, follow these steps to add a payout method:
Tap the Set up payouts button.
Select a preferred method (PayPal, Venmo, or Stripe), then tap Add.
Link the corresponding account for the selected method.
Steps to Withdraw Balance
After a payout method is added, follow these steps to request a payout:
Access the Withdraw balance button beneath the available balance, then tap the Payout button.
Enter the desired payout amount and select select a payout method.
