The article provides a step-by-step guide on how to start receiving payments for sponsorships from Booker. It covers creating a Stripe account, linking it to your Paved account, and configuring the necessary settings.
Set Up Stripe for Booker
Paved has partnered with Stripe to process payments. Stripe's secure setup process takes a few minutes, but you'll only need to do it once.
1. Sign in to your Paved account and go to Profile > Options > Booker Settings.
2. In the Stripe section, click Connect.
3. Enter the requested information such as a registered business address and personal details.
Note: You can use a home address if you don't have a business address.
4. Link your bank account using your online banking credentials or add your routing and account number for payments (Stripe refers to these as payouts).
5. Provide relevant details to help advertisers recognize sponsorship charges on their credit card statements.
6. Once you submit your information, you'll be directed back to your Settings page where you can continue the setup process for Booker.
Check Stripe Connection Status
The Booker Activation flow has 3 statuses that show the progress of your Stripe connection:
Connect
This means you still need to connect your Stripe account to Booker.
Update Stripe Data
This means missing data in your Stripe account needs to be entered.
Verification Pending
This means the Stripe team is reviewing and verifying your information. Timelines can vary but typically take up to 1 business day for the Stripe team to complete. Click Refresh anytime to check on the status. If verification is taking longer than expected, visit Stripe's Support Center.
Manage Your Stripe Account
Payouts for Booker sponsorships can be viewed on your Stripe account dashboard.
How to access Stripe:
Log into your Stripe Dashboard.
Navigate to the Balances tab and click Payouts. Here, you'll be able to see all the payments sent from Stripe to your bank account.
Stripe Payout FAQs
Here, we'll answer common questions about Booker payouts via Stripe.
Do you charge any fees?
Nope, this feature is free for any sponsorships under $500! However, there is a small credit card processing fee charged by Stripe.
Starting in 2025, Booker's platform fee for sponsorships over $500 is 10%.
When do payouts happen?
The payout from the advertiser is instant after the publisher accepts the sponsorship.
Note:
If your Stripe account is brand-new, Stripe typically 7-14 days to make the first deposit in your bank account.
How are payments processed?
Booker has partnered with Stripe to deliver payouts to your bank account. The advertiser pays via credit card, and the payout is delivered to the publisher via Stripe after the sponsorship is accepted.
What should I do if there's a problem with payment?
If there's anything wrong with your payout, please contact Stripe to resolve the issue. Here are some resources we recommend:
What countries are supported?
Currently, Stripe supports payments in dozens of countries. Learn more in Supported Countries.
Does a Stripe account cost money?
Stripe accounts are 100% free. However, when you start getting payouts, Stripe charges a small credit card processing fee of 2.9% per credit card transaction.