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What is the waiting period for first payout on Stripe?

< 1 min read

KRIYA has integrated Stripe as a payment gateway. So Our Clients can collect payment from their Customers.

Stripe is an online payment processing and credit card processing platform for businesses. So when a customer buys a package online, the funds need to be delivered to the Business, and there comes Stripe. Stripe allows safe and efficient processing of funds via Credit Card or Bank.

The first payout for every new Stripe account is 7 days after receiving the first successful payment. This waiting period can be up to 14 days for businesses in specific industries. This delay allows Stripe to mitigate some risks inherent in providing credit services.

This initial payout timing requirement cannot be waived. Any changes made to your payout timing or method during this time will take effect after this initial delay.

For more info, check this Stripe Support Page: https://support.stripe.com/questions/waiting-period-for-first-payout-on-stripe

See Also: https://software.kriya.com.au/docs/setting-up-stripe/

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