Connecting a Stripe account for your Payouts
Click 'Payouts' from the bottom-left of the sidebar.
Click 'Connect with Stripe'
Select your Country
Type of entity
Mobile number (required for receiving SMS code to verify account)
Email address
Click 'Next'
Entry area for SMS code, enter number you received to your mobile device
Sign in to your Stripe account with email address
Enter Password
Click 'Continue'
Legal Business Name
Trading Name (optional)
Click 'Next'
Depending on the Country you reside in, you may need to provide additional information including Date of Birth or Social Security Numbers in the process of connecting to Stripe.
Add your Bank Account number for payments to be made to
Confirm account number
Click 'Save'
Review Business Details
Click pencil icon to edit
Review Payout Details
Click pencil icon to edit
Click 'Done'
You will be redirected to your Format Prints Dashboard
Format Payouts area
Payouts panel
Stripe Connect ID displayed
Email Confirmation will be sent with details, please read.
How Payments are Made
After connecting your Format account with Stripe, you're now ready to receive automated payouts.
When you make a sale, the sales profit will be automatically transferred into your Stripe account.
Stripe will then deposit the money directly into your bank account according to the official https://stripe.com/docs/payouts
All payouts will reflect on your Stripe account after the payment verification period.
Meaning, it will reflect on your account 30 days after the end of the month in which your sale occurred.
For example, if your sale occurred on May 20, your sales profit would be sent via Stripe on or before July 1.
Payment verification period is required for us to protect the sellers, the print vendors, and us, from the refund or cancellation of the buyers.
If you have other questions, please contact our team at info@format.com or use the in-app chat icon.