Enable Automatic Payouts For Stripe
In this article, we will discuss automatic payouts and explain how to set them up for stripe.
Payouts refer to sellers/vendors getting paid. Marketplace operators pay their vendors for the orders they receive depending on what is set up by the operator in payout terms. In this article, we will discuss how to configure and automate vendor payouts.
Automatic payouts allow the Marketcube managed vendor's payouts to work automatically. Enabling the automatic payout will automatically trigger the payouts and transfer the order amount to the vendors as per the operator's set up payments terms.
To configure when payments for orders should be triggered to your vendors you should first set up your marketplace return and payments terms.
Once this is done you need to connect your Stripe account to your Marketcube account. When your Stripe account is connected, your vendors will be able to connect their Stripe account to their Marketcube account to get paid.
How to enable automatic payouts for Stripe
- Login to your Operator account, click on Settings >> Locate Payments >> Click on Show >> Click on Payout via PayPal payments.
- Under Automatic Payouts, Click on Enable to automate the vendor payments on the due dates.
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