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Collect payments then pay out
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Setting bank and debit card payouts

Stripe allows platforms to specify payouts for their Connect accounts.

Stripe allows platforms to specify payouts for its Express and Custom Connect accounts.

In previous versions of Connect, payouts were known as bank transfers. Refer to the legacy transfers documentation for information about the deprecated transfers API.

Payouts and account types

For Express accounts, the account holder manages their payout accounts (i.e., bank accounts and debit cards) but the platform can schedule payouts.

For Custom accounts, the platform manages the payout accounts and can also schedule payouts.

This page does not apply to Standard accounts, where the account holder manages their payout accounts and payout schedule.

By default, any charge you make on behalf of a connected account accumulates in the connected account’s balance and is paid out on a daily rolling basis. However, Stripe offers platforms fine-grained tools to change the payout schedule for Express and Custom accounts, as well as tools to accumulate charges in the platform balance.

You can:

  • Schedule how frequently funds are automatically paid out
  • Perform manual payouts
  • Settle funds instantly

For Custom accounts, the platform can also set the destination bank accounts and debit cards. For Express accounts, the account holder handles that.

Supported settlement currencies

See what currencies you can settle in by selecting the applicable country. Supported presentment currencies can be found in our currencies documentation.

Accounts created in United States and are under the full service agreement can receive payouts in the following non-local settlement currencies.
Settlement currencyCan be paid out to banks in these countries
USDUnited States

Using webhooks with payouts

All payout activity on connected accounts can be tracked using webhooks. (When using Connect, you should always be using webhooks.) Specific to payouts, you’ll see these events:

  • payout.created
  • payout.updated
  • payout.paid
  • payout.failed

For most payouts, these event notifications occur over a series of days. Instant Payouts typically send payout.paid within 30 minutes.

If a payout cannot be completed, a payout.failed event occurs. The event’s failure_code property indicates why. Additionally, the external account involved in the payout is disabled, triggering an account.external_account.updated notification. No automatic or manual payouts can go through until the platform updates the connected account’s external accounts.

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