When using Stripe as your payment processor through Bookipi, understanding the payout timing is crucial for managing your finances effectively. Below we outline the key aspects of payout schedules, factors that might influence timing, and how to track your payouts.

Stripe processes payouts for Bookipi users based on preset timelines. The timeline can vary depending on whether it's your first payout or a subsequent one, as well as factors such as the industry you're in or the country of operation.

For new Stripe accounts, the first payout is processed approximately 7 days after receiving the first successful payment. In some industries, this can extend up to 14 days as part of Stripe's risk management process. This delay is meant to mitigate the risks associated with credit services.

After the first payout, Stripe typically processes subsequent payouts within 1-3 business days. This timeline remains consistent across most cases but can vary slightly based on external factors such as weekends or public holidays.

Several factors can influence payout timing:

These variations ensure Stripe complies with local regulations and manages potential risks effectively.

You can monitor your payout status and schedule through your Stripe dashboard. Here’s how:

This monitoring helps you stay informed about when to expect the funds in your bank account.

Stripe automates the payout process, so you don’t need to take any additional steps once it’s set up. Being well-informed about the payout schedules and how to monitor them can help in better financial planning with Bookipi. For more details, refer to your Stripe dashboard or contact the Stripe support team for specific queries related to your account.