What is the waiting period for first payout on Stripe?

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, their comes Stripe. Stripe allows safe and efficient processing of funds via Credit Card or Bank.

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

This initial payout timing requirement cannot be waived. Any changes made to your payout timing or payout 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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