Payouts and transaction fees

What are Stripe's transaction fees?

You may refer to the bulk tender GVT (T) 24010 for Stripe's transaction fees.

How are transaction fees paid?

Stripe deducts transaction fees from the payout before depositing it to your agency's bank account.

Can I pay transaction fees separately instead of having it deducted from my payout?

No, Stripe uses net settlement and only deposits the payout upon transaction fee deduction.

How can I change the payout schedule?

Refer to our section on this here.

Can I customise the descriptor that will be reflected in payers' bank statements?

Yes, you can customise the descriptor on Stripe's dashboard.

Can I customise the descriptor that will be reflected in my agency's bank statements?

For Stripe users, you can contact Stripe directly to customise this.