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HomePaymentsMultiparty payments

Setting bank and debit card payouts

Stripe allows platforms to specify payouts for their connected 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 Standard and Express accounts, the account holder manages their payout accounts (that is, bank accounts and debit cards) but the platform can schedule payouts.

To schedule payouts for Standard accounts, create accounts with Platform controls enabled.

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

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 connected 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

Select a specific country to see which currencies you can use to settle in that country. You can find the supported presentment currencies in the currencies documentation. Stripe also enables you to settle and pay out to a domestic bank in select alternative currencies for a fee. To learn more about presenting and settling in alternative currencies, see alternative currencies.

Loading a table of connect payout currencies

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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Stripe Shell
Test mode
Welcome to the Stripe Shell! Stripe Shell is a browser-based shell with the Stripe CLI pre-installed. Login to your Stripe account and press Control + Backtick on your keyboard to start managing your Stripe resources in test mode. - View supported Stripe commands: - Find webhook events: - Listen for webhook events: - Call Stripe APIs: stripe [api resource] [operation] (e.g. )
The Stripe Shell is best experienced on desktop.
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