How to set up your payout method

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:

1. Phone Number Verification: Submit a valid phone number and complete SMS code verification.

2. 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.

• Review and confirm payout details.