PLAI integrates with Stripe to transfer funds collected from members directly to your club’s bank account. The process is automatic, giving clubs flexibility and control over payouts.
📝How Fund Transfers Work
Automatic Transfers:
All funds collected through PLAI are sent to Stripe automatically.
Clubs can then control when the money is transferred to their bank via Payout Settings in Stripe.
Payout Frequency:
The club can choose the frequency of payouts (e.g., weekly, daily, or manual).
Weekly payouts are recommended:
Helps maintain a balance in Stripe for processing refunds if needed.
Daily payouts can make refund management more challenging.
Refunds:
Having a balance in Stripe allows the club to process refunds efficiently through PLAI.
✅Summary
Funds collected in PLAI → sent to Stripe automatically
Club controls when funds hit the bank via Stripe Payout Settings
Weekly payouts are recommended to simplify refunds and accounting